Nick Fleming RVGCR Intel Update July 22, 2024
[via PDK] Folks in Geneva and the WTO are dead quiet. If they are trying to keep the RV quiet like Kuwait-they may be trying to keep the WTO news quiet until they have taken some of us in…and announced things publicly.Frank26 (KTFA) [Iraq boots-on-the-ground report] FIREFLY: My bank guy said when the zeros come off the exchange rate it’s going to change the value of our currency and then your brother who is in the Untied States of America, they can exchange their notes with the 3-zeros after the RI takes action.
Do they need to have value to their currency in order to join the WTO? No. That’s coming…I don’t care if they going into the WTO now, tomorrow, next week, whenever.
They’re probably moving it to the beginning of next year. It’s not important. But the evidence of being in the WTO screams what? Monetary reform float.There will be an increase in the Iraqi dinar but it won’t effect you [Iraqi citizens]…
MilitiaMan , Article: “Removing the zeros from the Iraqi currency talks returns and possibility of implementation”
How is that possible…without having value? …When they talk about removing zeros from the Iraqi currency they’re talking about returning to a previous era. They’re talking about the glory days.
I think everybody…knows in the country too, I just can’t say we can prove it from a link in print. But the expectation is Iraq is going to bring value to their currency. We know that by Al-Sudan’s comments…that the Iraq dinar would be 1 dollar…equal 1.32 dinar.
Paulette (KTFA) Iraq cannot RI without “accepting Article VIII obligations” and cannot do so if they have a MCP. Dr S said that the “new currency” will co-exist with the 3 zero currency for up two two years in the market and ten within the banks.
They cannot treat the two currencies at different rates and be deemed as having “accepted Article VIII obligations”. Without “accepting Article VIII” obligations, they simply cannot RI…
Wolverine , New Dinar Rate published Sun. night… The New Iraqi dinar Exchange rates will FINALLY be published directly on the Forex screens on Sunday evening 21 July 2024.
Clare (KTFA) Article: “She supports him fiercely.. What you don’t know about Trump’s Iraqi-origin lawyer”
Quote: “After the assassination attempt on US President Donald Trump, his Iraqi-born lawyer, Alina Habba, gave a speech on the last day of the Republican Party conference in Milwaukee, Wisconsin, to express her full support for Trump.”
Jeff , Why do countries lop and why would Iraq not be lopping? …It’s all inflation based…Example… You’re talking 3% with Iraq to 30%-40% with Iran. Apples to oranges. That’s the reason why Iraq wants to remove the zeros.
They don’t need all the extra zeros on their notes to reduce their inflation. It’s already where it should be for them to remove the 3-zeros notes…Adding zeros to the notes or removing zeros to the notes is completely hinged on where that country’s inflation is.
Pimpy , “Removing Zeros from the Iraqi currency: Talk Returns and Possibility of Implementation”
What is nominal value Pimpy? The nominal value of currency is its current price or face value as printed on the currency by the issuing authority. It’s the number written on the bank note… This is a re-denomination when they delete the zeros…
Once this is done and a new currency is printed, the old one is removed. If the old ones remain out there for a while they will carry the same value as the new currency, not the old currency.
Buckeyetree (KTFA) Trump’s lawyer, Alina Habba, whose parents were immigrants from Iraq. She was one of the last speakers on the 4th day of the RNC before Trump spoke…I did a web search and in fact her parents were Chaldean Catholic Christians from Iraq who fled to the USA in the 1980s…
IMO, the partnership between Iraq and USA will be greater and more dynamic with Sudani and DJT at the helm of their respective countries if DJT was to become #47 in November 2024 election.
Walkingstick (KTFA) Iraq never said they were coming out at 1 to 1…It was actually established during the Paris Club Agreement. That was said to Iraq, Shabibi, at least 1 to 1 with the American dollar.
