Nick Fleming RVGCR Intel Update October 10, 2024
Nick Fleming RVGCR Intel Update October 10, 2024
Mountain Goat My contact in the CBI has told me many
times that ...The Project To Delete the Zeros cannot be skipped…I also have to
say we are NOT going to just see the IQD pop out on FOREX some morning when the
exchanges open with prior knowledge that it is coming. The citizens of Iraq
must be informed of any rate changes in order to conduct the Project to Delete
the Zeros... Why do you think they are sending out all these articles. It’s
called educating the citizens.
MarkZ [via PDK] ‘Al Alaq: Bank lending strategy aims to
stimulate the economy’
This is part of the monetary reforms. We are watching
them do the reforms. We are watching the deletion of the zeros and the raising
of the values…
‘Parliamentary Finance: These are the reasons for the
rise in the exchange rate of the dollar against the Iraqi dinar’
There have been fluctuations going on right now. The
Central Bank is saying ‘It’s not us’ They have a pegged exchange rate and the
inconsistencies are because of smugglers and unscrupulous business people in
some unlicensed exchange offices. The reality is that this is going to exist
until the value of the dinar is the same or more than the rate of the US
dollar. And they know it at the Central Bank. They know this problem will
instantly go away the moment they get a rate change… I think the Central bank
is letting us know how close they are to the REER. (Real Effective Exchange
Rate)
…the Export Import bank of the United states has approved
$297 Million for an energy efficiency project in Iraq. This money would not be
going to Iraq if it wasn’t going to be safe and stable…and if they could
not pay those loans back. They are
counting on an International Iraq with a real effect exchange rate.
Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Television is showing there was meetings going
on. These meetings are every day. They say there was Sudani who had his meeting
with his Finance Minister and all of the lead bank officials and with the audit
companies.
FRANK: Sudani meeting with the powerhouse of his monetary
reform.
FIREFLY: It looks like Sudani is crossing all of his T’s
and dotting all of his I’s one last time!
Article:
‘Salaries next week.. Baghdad sends 329 billion dinars to
Erbil and the latter indicates a decrease in the amount – Urgent’
A DECREASE IN THE AMOUNT EQUALS AN INCREASE IN THE
EXCHANGE RATE.
Samson (KTFA) Article:
‘The government completes the file of joining the ‘WTO’ Article: ‘US Ambassador: We are committed to
supporting Iraq’s security, stability and sovereignty’
MilitiaMan It’s one of those nail biting time-frames for
us all because we’ve all been here and we’ve been watching this whole
investment unfold. It looks like
Al-Sudani and his teams have communicated well globally and are going to
produce…
Clare (KTFA) Article
Quote: ‘The Central Bank
continues the actual implementation of banking reform plans’
Quote:’The Supreme Executive Committee for the Strategy
began its work and held its first meeting headed by the Governor of the Central
Bank, which is a clear announcement of the beginning of the actual phase of
implementing its strategies for banking reform…What we expect from the
procedures and policies adopted by the Central Bank, what has been achieved,
and what will be achieved later will be reflected in achieving economic
stability by overcoming the challenges of stability in the financial and
monetary system, which will contribute to the stability of the exchange rate
and the recovery of the Iraqi dinar inevitably’
BobTheTaxMan , We’re in a speculative game with
Iraq…We’ve had all the ups and downs and all the thrills and spills that go along
with the conspiracy theories… The truth
of the matter is it has the possibilities.
If it didn’t have the possibilities…I wouldn’t be following it anymore
…I’ve got better things to do. But it’s
at a very peril position at the moment.
We got to watch and see what’s going to happen…
SkyWalker , The project [to delete the zeros] is more
then just the currency or an exchange rate. The monetary reforms, banking
reforms, building up the reserves at the CBI, buying gold, making laws that
attract foreign direct investment,
fighting c********n, increasing international trade, connectivity with
international finance platforms, are just some
of the instruments that will justify the RV. When the CBI is ready the new currency will
be introduced with higher value that will
be fashioned specifically for the new macro and micro Iraqi
economy.