"UPDATE ON STATUS OF THE RV" BY DINAR IRAQ AND DONG VIETNAM (Who Is This Idiot! There's No OFAC Sanctions On The IQD! LOL) 12/9/21

UPDATE ON STATUS OF THE RV

It means to revalue the dinar and to go international with it thus to put the IQD back on the FOREX trading platform and other currency platforms throughout the world.
We do not go to the bank until at least FOREX happens.

The US treasury must lift OFAC sanctions now imposed upon the IQD.
Having said all this, we have seen an enormous amount of recent coordination with the other Central banks first throughout the Middle East (Turkey, Jordan, Saudi Arabia, Egypt, Kuwait, etc., etc.) and now throughout the other leading developed nations of the world such as with the US, Britain, EU, Russia, etc., etc.

This is all VERY amazing what is happening and I fully believe we can expect to see the IQD move to the global trading platforms VERY soon.
But we can clearly see the path to the early January 2022 timeframe is in the spotlight.

I mean since the fall 2019 change out of the CBI governor and then the Dec 2020 devaluation of 22% you can see the speeded-up effort to put in place the final steps to the process to go international.
Yes, I included news articles and commentary explaining it all.

 

I know, I know it seems very weird how they would devalue the dinar so much and then just 2 years later revalue it so much.
It could go as high as over $4 if oil stays high enough by then.
I am not talking about adjusting the “program rate” and this is where all the confusion really comes from.

I am however, talking about finally bringing back the dinar to it’s “glory days” and reinstating it.
This is taking it out of the “de facto” peg of pegging it solely to the US Dollar.

This has to be done.
Iraq can not survive much longer and barely made it through this last round of crisis.
The CBI realizes this.
The Finance Committee of the GOI realizes this.

The international monetary planners behind the CBI realize this.
The IMF has told us going way back to 2011 that their plan is to peg the IQD in a basket of 5 other currencies and float it on the international exchanges.
This makes all the difference as to how the CBI can suddenly revalue it so much.

This is real and going to happen.
It has to happen.

ECONOMIST RECOMMENDS RE-VALUING IRAQI DINAR

November 15, 2021
Iraq Banking & Finance News, Politics
By John Lee.
An Iraqi economist has said that re-valuing the Iraqi Dinar could be considered if certain conditions were met.

Dhurgham Mohamed Ali is quoted by Shafaq News as saying:
“The exchange rate of the dollar should be gradually reduced to 1,300 dinars from the current 1,460 dinars while keeping an eye on the cash transactions to preclude creating a black market, dollar smuggling, and tighten the control over imports.

“The outcomes of the devaluation were detrimental.
The inflation rates grew, poverty rates soared, while development rates remained static and foreign currency smuggling exacerbated.”
The change proposed would increase the value of the dinar by just over 12 percent.

(Again “when the CBI talks, I listen…..get my point?
Remember that in mid November of this year, the economic expert, Nabil Jabbar Al-Ali, confirmed, to us that the decision to change and determine the foreign exchange rate is in the hands of the Governor of the Central Bank exclusively, noting that the bank is responsible for monetary policy.

Yes, the do consult with the Finance Ministry and the GOI can put pressure on the CBI, but the CBI governance knows best of what to do.)