Nick Fleming RVGCR Intel Update July 20, 2024
MarkZ [via PDK] Question: …do you think the RV will happen in waves? First Dinar, then a few months later, VND , MarkZ: No, I think they will still…go at the same time.
I have some Iraqi contacts telling things have wrapped up. These are folks in Iraq. They say we could see a new rate release as early as today.
Mountain Goat …This current Al-Sudani administration is now moving Iraq ahead, yes out of this past rut…It is right in our faces now…The train is racing down the track only to make the necessary stops along the way…
It is a hard road for Iraq… There is work to be done…No more “guessing” or “hoping”. The reinstatement spigot is now wide open! It is in our faces!…
Frank26 (KTFA) It’s not a lop…to subtract zeros from an exchange rate adds value to a currency. To add zeros to an exchange rate, hello Zimbabwe, reduces the value of the currency…If they add zeros then we are looking at a lop. No where did you see they were adding zeros.
Question: “When we go to the bank to trade our IQD will the funds be instantly put into our accounts or will there be a waiting period to access the funds?”
Instantly because it’s going to be electronic…If you go to the bank and you say I want to exchange a million dinar and they give you a million dollars, you’re not going to have a million dollars in cash…You’re going to have a million dollars electronically credited to your account.
Here’s the problem with that video [Iraqi dinar video from 3-17-2024 below] …As much as that video was correct and powerful and education, unfortunately they did not show you the lower notes.
If you have seen the lower notes your brain would have told you, ‘Oh, wait a minute, they’re going to replace those with these. They’re not keeping this 50,000.’ The video left us lacking for more information.
Paulette (KTFA) Article: “Iraq faces some challenges in its path to joining the World Trade Organization”
It is clear based on this article that Iraq will not be voted today to be full members of the WTO…Iraq has a lot of work ahead of them. To me, the WTO is totally irrelevant to what we seek. Apples and oranges. I hope we see the FULL RI process well before full accession to the WTO.
Wolverine [via Judy Byington] …Hopefully we will get really good news that we are waiting for. That opera is just around the corner and hopefully to be released soon. Keep the faith this is coming.
PompeyPeter , We have never been where we are now. Categorically not…They’re going to be the global solution to the financial worries. The solution is with the Iraqi dinar. Not at 1310 it’s not.
Sandy Ingram , Question: “How is Iraq going to do business in the international market with such a low currency rate?” This is why Iraq will need to increase the value of its currency. Currency values… act as a silent force influencing a country’s global competitiveness.
When a country’s currency value is low it can impact it’s ability to compete…Iraq’s top trading partners are China, India, South Korea and on the sidelines Iran. However things are about to change and fast.
The development road project places Iraq right in the middle of the global financial markets. [We] have little doubt the Iraqi dinar will increase in value but we don’t know when or how much.
Kaperoni , Question: “So the RV tomorrow 3:00? Lol“ You need to change your thinking. There is no RV, never will be one. The only way that dinar can go up in value is ‘gradually’ over time based on the success and growth of Iraq’s own economy.
