STATUS OF THE RV , PART 3.
- So, again more crazy talk by these same intel gurus about some $2 rate in the country of Iraq and rolling out the newer lower denominations. I can guarantee you that $2 rate exchanges are NOT taking place across the pond (in country of Iraq or outside it). There is $2 rate in Iraq. They are still using the official CBI rate of 1320. This is all bullshit about lower denominations being out in Kurdistan or elsewhere. I have a contact that works directly on this project to delete the zeros in the CBI and I would know if any new rate comes out.
- Next we find yet more crazy, stupid statements like and I quote “that Iraq has revalued its currency (privately) and we wait the full public release”. These are also ridiculous statements made by idiots. They cannot back up even a word of what the hell they say. There are no facts, only stupid rumors. Trust me, when the CBI does bring out the newer lower denominations, articles will proceed it in the news. It won’t be a secret. Read my lips – THERE IS NO PRIVATE REVALUATION!!!! The rate is the official CBI rate. You can’t have an RV’s rate and then expect to still sell currency at another rate from the CBI. It simple is currency manipulation. Get it? This is exactly what the entire two and a half years has been all about – multiple rates. So, just how stupid of a statement can this be? Real stupid!
My CBI contact has told me months ago that the news articles are already designed and ready to go, given the proper timing.
It is not yet! It will not be and cannot be some secret information only told to a few.
These intel gurus, like TNT Tony, Bruce, MarkZ and other have to make you believe they have “secret” sources to get your attention. Do you see the dinar scam?
I am here to tell you they are liars and bullshitters. I know firmly how the entire process is going to work and they can’t skip any steps. They will not roll out a new RV’d rate to anyone until either they do it inside Iraq which will then be followed by a reinstatement.
The RV will happen suddenly, first an “official” CBI revaluation over the 1320 .
Then another revaluation to just over a dollar.
Then a time period to collect the 3 zero notes, as the dinar will be worth more than the dollar.
I was told the rate must be just over a dollar to incentive the citizens to bring in their hordes of stashed cash.
Remember they have nearly 90% of the issued currency stashed. The banks need this for liquidity to lend out for the economic development projects.
The CBI has tried many different approaches to get these stashes of cash into the banks. Remember the articles about the “cash center”? Reluctantly, it has not worked fully to expectations by the CBI.
So, today we learn about the beginning of yet another tactic to bring in all this liquidity into the banks.
My CBI contact told me this and I quote- “if the citizens won’t bring the cash into the banks, we will do it for them”.
After reading three main articles today I know what she meant. Here are the titles of the articles. Everyone should go the Articles Section, find them and read them carefully. I will then review my last conversation on Saturday with my CBI contact. But please read them first so you understand what I am going to talk about next:
😊”CASH PAYMENT BAN IN GOVERNMENT INSTITUTIONS”
😊”STARTING FROM THIS DATE, THERE WILL BE NO CASH PAYMENTS IN IRAQI GOVERNMENT INSTITUTIONS. ”
😊”THE ERA OF THE DIGITAL REPUBLIC HAS BEGUN. IRAQ IS CASHLESS, AND THE CENTRAL BANK IMPOSES ITS AUTHORITY AS THE “RULER OF THE COUNTRY.”
To be clear these articles are telling us that all government payments will now be electronically deposited in the banks for the receiver of the funds.
No more cash windows at the banks to receive salaries in cash. No, I am NOT now talking about the currency auctions, that is something totally different. Let’s concentrate.
I can imagine also they will strictly limit the ATM machines too on withdrawal amounts of cash per month to eliminate future hoading. Remember we are now exclusively talking dinars not dollars, but there are hoards of dollars too that need to surface and will.
This might excite the parallel market again but I was told this will be temporary until they are mostly flushed out.
Iraq has been de-dollarized it would be hard to even use the dollars in most places. I firmly believe they have also broken the parallel market and essentially it no longer exists. These are two huge steps towards the Project to Delete the Zeros.
Remember also they gave almost a decade for the citizens to open bank accounts and get their debit card issued. They just announced that nearly 75% of the country’s citizens now have the debit cards and accounts.
So, now they chose a target date to go ahead with the next step, the all digital, something they told us months ago was coming. They are ready to do it now.
Now let’s discuss more of what Iraq is telling us and the impact. They are telling us they must get these hoards of cash inside the banks.
Remember there was just a recent article telling us that nearly 90% of the cash dinars are still outside the banking system. I imagine they have a pretty good idea how many dinars in-country vs out-of-country that they need to retrieve.
So, this step is FIRST to concentrate on the in-country dinars. Next they are going to come after the out-of-country dinars. This is their plan, so I am told.
I asked my CBI contact- does this also include our dinars, held outside Iraq with investors?
I would think it does, but I wanted to check.
I was told YES, but in a much different sense than in-country.
To explain my contact then said that if they don’t’ retrieve these dinars in-country first, before the revaluation, they will have a crash of the currency, since there will be too much in the money supply and hyper-inflation will occur.
It would be really bad! So, remember the plan, she told me.
They would first retrieve these hoards then, by revaluing the dinar in-country, then bring out the lower denominations.
Since the US Treasury has not yet signed off to conduct the project the delete the zeros, they are moving ahead with what they can do to retrieve these dinars now.
They are hoping that if successful the US Treasury will then sign off and more this part of the currency reform forward. Remember this is always an uphill battle for Iraq to get where they want to go.
Once the banks have collected most of these dinars, the CBI would then revalue the dinar in-country and then MONITOR FOR INFLATION.
They would need permission first from the US Treasury and this has been the part of the issues related to Iran all along (a subject for another day).
Oh…now I know why they keep telling me about this step of monitoring for inflation. I get it now…. Just kidding I got if before but I wanted to explain it so all of my readers get it. Got it?