Nick Fleming RVGCR Intel Update July 27, 2024
MarkZ [via PDK] IMO 99% of the rumors out there right now are misinformation…keeps you on the roller coaster…But it is clear they are making great progress.
…are there a lot of NDA’s or “Hush” orders running around? …it was eerily quiet overnight. Question: So looks like we are pushing this into August now?
MarkZ: I don’t think it’s being pushed into August. I think it’s quiet for a purpose…things are moving. It is not moving like I thought it would or as quickly as we want it…but things are moving.
Frank26 (KTFA) A lot of people get confused. It’s like stepping in quicksand. You see, the lifting of the zeros from the exchange rate is a little different from the lifting of the three zeros from the currency, fiat, physical.
It is an RI, a reinstatement…those that…insist this is an RV you’re ignorant. This is not an RV…This is a reinstatement.
Clare (KTFA) Article: “The US Federal Reserve adopts a new strategy towards Iraq.. The dollar is threatened with rising to unprecedented levels”
Quote: “The Federal Bank has detected political influences from the Iraqi government…The US Federal Reserve will not be able to wait forever, and it is expected that there will be federal measures that may occur at any moment, and there will be a sudden and large demand for the dollar,
which will lead to a decrease in the value of the Iraqi dinar against the dollar, which will generate great pressure on the Iraqi banking system, the Iraqi economy and the official political system.“
Jeff , The budget…they’re going to finish it probably just shortly before Iraq’s accession to the World Trade which will be the weekend of August 17th and 18th. That accession period is the nucleus to everything right now. Everything is happening around that accession date.
Pimpy , Article: “International Monetary Authority: Iraq increases its gold reserves to 148 tons” They added another 2.6 tons of gold to their holdings…I remember way back when Iraq had…86 tons and now they have 148. Iraq is doing everything they can to help strengthen Iraqi dinar. This is a great sign.
SkyWalker , Remember in 2003 when the old Swiss dinars were being exchanged for the new and current Iraqi dinar. The U.S. Army transported and distributed the currency throughout Iraq. The outgoing Swiss currency did not have three zeros.
The new Iraqi dinar had three extra zeros because it lost value. Because Iraq was post invasion and the nation had no industries or other methods to sustain its economies. That is why the dollar was brought into Iraq by the U.S. government as a means to keep the Iraqi economy alive.
Now, the situation has changed and through monetary policies the nation can justify restoring the value of the Iraqi dinar. Inflationary zeros were added to the notes back in 2003 by the U.S. government that paid for the printing of the Iraqi dinar.
Now, the inflationary zeros will be removed because the government has met the requirements of the CBI.
Kaperoni , An RV of the Iraqi dinar…never going to happen for so many reasons. A country’s exchange rate is a reflection of their economic growth and success, not some random act. Iraq has lots of work to do.
