Nick Fleming RVGCR Intel Update July 16, 2024
Frank26 (KTFA) Is the goal of the CBI for the Iraqi dinar
exchange rate to go international. Is
that the goal of the monetary reform.
No. It’s to RI…The goal is not
to send it to you internationally so you can make money off of their
currency.
The goal of the monetary reform of the Iraqi dinar is to
lift the value of the currency by removing at least three zeros from their
exchange rate. In doing so, then their
monetary reform will require another reform, which is the denominations…the
lower notes.
Question: ‘Is this going to be a capital gain.’ A lot of
people desperately do not want to pay taxes.
I believe they live in this world they create where taxes never exist.
I’m sorry, if you
honestly think you’re going to be able to get involved in this and exchange
this currency, that’s called a capital gains, without having to pay any taxes
you’re delusional…
Yes you’re going to pay taxes, that’s why it’s important to
have a receipt…held for one year you’ll probably be in the 20% tax bracket…if
you don’t have a receipt, you lost it, you’ll probably be in the 40%. Biden just said a couple days ago he wants to
increase those taxes over 50%…capital gains…
MilitiaMan Ceasing the dollar auctions as we know it. Tomorrow [Monday] is supposed to be the first
day they’re going to have a new mechanism for using the dollar and selling that
dollar. People are going to have to play
by the rules and be part of that FITR platform.
We have to go from there to see…
This next week there’s supposedly a formal and historic
meeting with the WTO and Iraq on the basis of accession… They told us it was
going to be formal and historic…
Pimpy , Article: ‘The stability of the exchange rate of the
dinar against the dollar is real and firm’ This is one of those big steps we
have been looking forward to, which is stability of the currency. We’ve talked about these a billion times –
the country…government…economy and currency has to be stable.
Outside of a little back and forth with the government they
seem to be doing pretty good everywhere else.
Good job Iraq. They are now at a
place in their country where the parallel market is not affecting the overall
prices of their goods and services.
Sandy Ingram , There is a high demand for US dollars in countries
like Iran and Syria where local currencies have significantly devalued. Entities in these countries are desperate to
obtain…physical dollars …because they are accepted everywhere and impossible to
trace…
Iran and Syria find it more feasible to obtain dollars from
Iraq. The Iraqi market offers cheaper
source of dollars…which impacts Iraq’s exchange rate dynamics by increasing the
pressure on its currency system and contributing to dual exchange rates.
MarkZ [via PDK] I did hear interesting things from a couple
banking contacts that things have very much moved over the weekend and that
they may be using the Republican convention as a distraction to roll things
out.
I am hearing from multiple sources inside Iraq that they are
expecting an RI (Re-Instatement) at any moment. I had been told very
specifically that they expect a rate of $3.86.
I am getting this
from so many sources now …all of a sudden…today…that it has become almost
overwhelming…I think this is exciting news and am hoping it is accurate…Just
buckle up and stay calm.
Clare (KTFA) Article: ‘Baghdad calls on Washington to
reconsider its sanctions on 32 Iraqi banks’ Quote: ‘Nelson praised, ‘the steps
taken by the Iraqi government to support the Iraqi economy and address the
challenges it faces.’
Buckeyetree (KTFA) …Much progress has been made from the USA
trip by Sudani in April, the technology with fiber optics, electronic banking,
using only the dinar, foreign contracts with huge projects, the ATMs,
and the HCL practically done with Barzani in agreement for
the goal not to be now counted in days rather than weeks and months. The cherry
on top would be securing the Speaker of the HOR and ascension to the WTO on
July 18.
