ABU SNWE: " THE DOLLAR HAD DISAPPEARED IN IRAQ" ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

 

IRAQ’S CUSTOMS REVENUES REACHED 59 BILLION DINARS AFTER IMPLEMENTING THE ASYCUDA SYSTEM

IRAQ’S CUSTOMS REVENUES REACHED 59 BILLION DINARS AFTER IMPLEMENTING THE ASYCUDA SYSTEM.

Finance Minister Taif Sami announced on Friday a significant increase in customs revenues following the implementation of the ASYCUDA Customs Automation System, amounting to more than 59 billion dinars.

Sami said in a statement to the official agency, followed by “Al-Eqtisad News,” that “customs revenues before the implementation of the ASYCUDA system amounted to 375,675,732,360 dinars, while after the implementation they rose to 435,421,672,805 dinars, an increase of 59,745,940,445 dinars.”

She added, “The General Authority of Customs has begun implementing the ASYCUDA system in 15 customs centers, including: Air Cargo Customs, Dry Port, Baghdad International Airport Terminal, Grand Welcome Square Customs, Trebil, Safwan, Arar, Umm Qasr Middle, Umm Qasr South, Kirkuk Airport, Zurbatiyah, Al-Mundhiriyah, Mandali, Al-Shaib, and Al-Shalamcheh.”

She explained that “the Authority has currently begun implementing the second phase of the system, which will extend over two years. This phase includes its implementation in eight remaining customs centers, in addition to linking 12 electronic applications to the system, including: land transport clearance, the value system, smart selectivity, the exemptions system, and licenses and certificates. This will enable the system to be linked with all ministries.”

STATUS OF THE RV, PART. 1 BY MNT GOAT

 STATUS OF THE RV, PART. 1 

I want everyone to know that I have thought about having a “live” conference call however with my very busy schedule this simply is not possible right now. 

As we get closer to the reinstatement perhaps, I can juggle some time to do short update calls while we exchange or are about to exchange.

 This way you do not have to wait till the next Newsletter to get answers to your questions at that critical time.

 However this is up to each and every one of my readers as I cannot do all this without some appreciation for all my efforts of research and calls to Iraq. 

Also, these up-front audio snip-its I include with the Newsletters are VERY, VERY important. You may want to listen carefully to them and then maybe even replay them. They are chock-full of information. Listen carefully!

In today’s news I want to point out again the rise of the dinar against the dollar continues. 

Many economists believe that the rate of the dollar will SOON be equal to the “official” CBI rate of the dinar.

 Does this sound like 1:1 to you?

 Let’s break it down. So, if the dollar on the parallel market does reach 1320 that’s 1320:1320, is it not? 

Then the official rate:parallel market rate, right?

 Is this not the same as 1:1? Can you see why they had to get this parallel under control for the next stage of currency reform which in the next in-country revaluation?

Okay all you mathematicians out there – what do you think? Do you get it now? Do you see it now? “WOW! WOW! WOW!” again… Do you see now why I have been placing so much emphasis on this parallel market?

 Heck, it was not me alone but the CBI too, of course with the efforts from my CBI contact. “WOW! WOW! WOW!” again… Choo-Choo!

Why would they tell us this if there was not some substance to it. In the articles today we get both sides of the story about the rising dinar and so we can make up our own “opinions” on this matter.

 So is this rise in the dinar being permanent or just a short phase. But if you do remember all the FACTS we have been reading like the US cutting off the dollar supply, the correspondent banks and June’s next move and so on and so forth. You can’t forget what you learned from the past.

So, let’s stick to the main issues. Let’s stick to the FACTS and see where it gets us. The main issues are:

 1.Will the trend in rise continue or not? 2.Are the causes of this trend from the CBI monetary reforms or other factors, 

3. or are you going to believe in false claims of other short-term reasons, which would allow the dinar to drop again?

I’d like to believe that the CBI reforms are now kicking in as the reason for the rise in the dinar. 

In fact the director of the CBI told us it was himself. There is also more substantial proof that this is the case. Yes, these other factors help too. They have told us over and over again that they needed time for the reforms to work and so now we see them working now.

All currencies have an element of “speculation” involved to drive up or down the rate very quickly.

 But, we in my blog are looking at trends and not speculation. We must look at all the information as a whole of what we have been reading from the past and current news to draw our conclusions.

 And the conclusions show us all indicators the rise in the dinar is being orchestrated by the CBI, as the dinar is slowly being pulled out the “sanctioned” mode and put back into circulation with the rest of the world, for the rest of the world. 

Just keep remembering there is a process to do this work and it simply does NOT happen overnight as many of these idiotic, stupid intel gurus want you to believe .

My CBI contact has told me that the Iraqi dinar must get off the sole de facto peg to the US dollar to realize (show) any real value of significance. 

This can only happen using a “basket” of currencies for the new peg.

 This will only happen with a reinstatement back to FOREX is applied.

 But for now, we take each step slowly and with an understanding of what is happening. We watch and wait for the next step and then the next and next. This is our choo-choo ride and the stops along the way are the steps to get the reinstatement…remember?

Yes, it is all happening NOW not years from NOW. It is right in our faces now only many can’t see it, want to believe and yet since all these other articles play a role for the significance of the actions of the CBI in the monetary reform process.

 Yes, many of these intel gurus are all too busy with their fantasy intel guru bullshit and it has clouded their reality.

What can we expect, most likely in 2025?

Once the parallel market gap is gone and the dollar matches or better (1:1), the CBI official rate of 1320, my contact told me the “official” rate will then revalue. 

My guess is it will be around 1166ish or better. They might go straight to 1 dinar = $1 dollar even. Was 1166 not the “official” rate of the Dr Shabibi era when in 2012 he announced the Project to Delete the Zeros was targeted for the fall of that year? I think Ali Alaq has a better plan going better because he can, while in Dr Shabibi era Iraq was still under sanctions.

This is how it works:

Remember for your thought process that a rise in the rate of the dinar is less dinars to the US dollar not more. 

I know it is backwards to what some believe as we call a rise usually means more not less. So, actually it is a downward trend in the number of dinars to make up one US dollar. This strengthens the dinar.

 So, if the official rate is 1320 we want the dollars in the parallel market to reflect the same or less rate of 1320.

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

Historic Dinar Revaluation Confirmed by Trump! 🎉 ‪@DINARREVALUATION‬ #iraqidinar #iraqidinarinvestor

 

MOST NOTABLY, THE TRAVELERS’ DOLLAR. AL-SUDANI’S ADVISOR REVEALS THE REASONS FOR THE EXCHANGE RATE’S DECLINE.

MOST NOTABLY, THE TRAVELERS’ DOLLAR. AL-SUDANI’S ADVISOR REVEALS THE REASONS FOR THE EXCHANGE RATE’S DECLINE.

Mazhar Mohammed Saleh, the Prime Minister’s financial advisor, revealed on Thursday the reasons for the decline in the dollar exchange rate, indicating that three factors led to weak demand in the parallel market:

 the Central Bank’s success in financing foreign trade by strengthening the dollar with national bank correspondents abroad, encouraging financing small businesses without costly intermediaries, and the success of travelers in collecting their dues in foreign currency through payment cards in large amounts at a reduced cost and at an exchange rate of 1,320 dinars per dollar.

Three main factors have led to weak demand in the parallel market for the dollar, causing its price to decline towards the official exchange rate at an average rate of change in favor of the dinar by about 15% over the past few weeks or months. The first is the success of the Central Bank of Iraq in financing foreign trade for the private sector and major traders by rapidly strengthening the dollar with correspondent banks of national banks abroad with AAA ratings. This is in addition to the start of direct financing of foreign banking operations in euros, Emirati dirhams, and Chinese yuan through bank correspondents of Iraqi banks with high credit ratings, which encouraged the speed of payments and transfers in trade with the markets of the UAE, Turkey, and China, which are among the largest commercial shopping centers for Iraq. The second is encouraging the financing of small businesses without costly intermediaries, which constitutes approximately 60% of private sector trade after many of the previously imposed restrictions were lifted and dealings were conducted through the same solid correspondent banks and directly through Iraqi banks. The third and most important factor is the success of the traveler segment, which has quickly become accustomed to collecting its dues in foreign currency through payment cards in large amounts at a reduced cost and at an exchange rate of 1320. One dinar for every dollar, plus, without any hassle, the collection of cash dollars through the airports of the Republic of Iraq, in the amount of $3,000 at the official exchange rate for each traveler per month, provided they carry an electronic payment card, whether credit, debit, or prepaid, as we mentioned earlier.

In addition to the legal scrutiny that citizens can do without in dealing in dollars on the black market, there are also the risks of the dollar’s extreme volatility against gold, and the tendency of individuals to store their financial surpluses in gold and sovereign government bonds, which are guaranteed to pay and pay attractive semi-annual interest under a successful government program offered to the public, as well as in debt instruments that can be discounted or traded on the local secondary market.

Therefore, all these factors have truly helped reduce demand for the dollar in parallel local markets, without overlooking the role played by hypermarkets in a defensive and price stability policy that has disrupted the role of the parallel market and its price impact on consumer prices and the stability of the competitive market throughout the country. This is a successful experiment that has absorbed the fluctuations of the black market to maintain the stability of living standards, as was the case in the past. This is a successful aspect of the success of the trade policy in our country today. Let’s not forget the rush to buy gold at very high costs at the peak of the gold asset cycle or its highest price levels, replacing the purchase of local dollars, amid veiled, unconfirmed threats circulating on the street that the Federal Reserve will write off generations of cash dollars for reasons that conflict with the interests and politics of the United States.

MNT GOAT : "THE DOLLAR'S EXCHANGE RATE IS STABILIZING TOWARDS ITS TARGET: ADAPTATION OR ADJUSTMENT?"

 MNT GOAT

"THE DOLLAR'S EXCHANGE RATE IS STABILIZING TOWARDS ITS TARGET: ADAPTATION OR ADJUSTMENT?"

(Full article in the articles section) "It became clear in the period from last April until this May that the dollar exchange rate in

Iraq began to stabilize, declining towards the (official) target level.

H00 1 Monetary policy raises the value of the dinar and reduces reliance on the parallel market.

 The Iraqi dinar has recently recorded strong performance against the dollar, driven by a series of monetary measures adopted by the Central Bank, which have contributed to reducing demand for hard currency in the parallel market and

enhancing the confidence of traders in official channels.

 When will the parallel market dollar rate equal the official CBI rate of the dinar? As investors

we need to relax and let the CBI reforms play out. It is just a matter of time. There are lots of "opinions" as to the cause of the rise of the dinar. The fact is it is a "well planned" set of

reforms, choo-choo.....

Their words not mine.....

MNT GOAT: Dinar Revaluation Key Events to Watch! @DINARREVALUATION #ira...