Nick Fleming RVGCR Intel Update January 21, 2025
By admin Nick Fleming RVGCR Intel Update January 21, 2025
Mountain Goat
…economic expert Nabil Jabbar Al-Tamimi is saying they are ready for FOREX after implementing all these banking and financial reforms. The White Paper reforms have been successful. It is time to move to the next stage which is……? Well folks financial and banking researcher Mustafa Hantoush just pointed out to us what the next stage should be. Yes, I mean FOREX! I do not see the Trump era administration not seeing the necessity for going to FOREX with all the progress of the reforms to move to the next stage. I am sure the US Treasury will agree. …I am told by [my] CBI contact…that they…are giving Iraq a “thumbs up” to move ahead.
MarkZ
[via PDK]
Article:
“Among those is an Iraqi Cleric: List of personalities attending Trumps inauguration“
There is so much support for Trump in Iraq.
Article:
“CBI unveils new banknote security features”
Lots of pictures and they show us on the old bills where some of these features could be and what to look for…. This is great cover for new bills and distributing the lower denominations…this is a world class approach. With bills with new security feature – they will need to distribute the lower denominations throughout the banks and businesses. This article had me awfully excited. The dinar is going to be one of the most sophisticated currencies in the world…and it should be as imo it is about to be the most valuable currency in the world.
Frank26 (KTFA)
I prefer a float. I don’t want to be in a basket, start out slow. It might be good, better control of everything, inflation, GDP, everything but I’m from America, we want a New York nanosecond right now. I’d rather just go over to the float, start at $3.22 and let it go…and then cap it.
[Iraq boots-on-the-ground report]
FIREFLY: There is a news program on television right now talking about currencies and the countries of these currencies. It looks like they want to give us more monetary reform education before they give us our new currency…One of them is Kuwait dinar…the currency is $3.23 with $105 million in reserve. We, Iraq have $145 million in reserves and we say that we are 43% higher in reserves in Kuwait…We should be also having stronger currency too as we see it.
FRANK: Of course.
Clare (KTFA)
Article:
“Iraq issues new banknotes with innovative security features for the visually impaired”
Quote:
“The Central Bank of Iraq confirmed that the new banknotes will be circulated alongside the old ones, and there will be no intention to withdraw the old banknotes from circulation.”
MilitiaMan
Article:
“Iraq launches new banknotes with innovative security signs for the visually impaired”
It seems like it’s new currency. I don’t have any currencies…that you can feel bumps…
Quote:
“The public will have enough time to adapt to these new bank notes…The Central Bank confirmed the new bank notes will be traded along with the old ones and there will be no intention to withdraw old bank notes from circulation.”
Remember, they’ve already withdrawn a lot of notes out of the system…They were actually destroying…perfectly good money…
Quote:
“The Central bank of Iraq reviewed the excellence enjoyed by Iraqi bank notes as they are one of the most complex security marks and were manufactured from the best types of paper used in printing bank notes to ensure quality and safety.”
They show older currency of course but they’re not going to share with you the new currency because of counterfeiting…You ask yourself, well, they’re going to be reproducing new 25k notes for 1310 as an exchange rate to the US dollar? Why are you doing that now? You already have many security features, the 25k note is full of them…Do they really mean new notes? I think they do.
Iraq’s got 43% more oil than Kuwait. What [Kuwait] doesn’t have is non-oil revenues. It’s very powerful. It shows Iraq is totally capable of having a real effective exchange rate that could be at least competitive and similar to the region.
Jeff
The budget amendments cannot get approved till after the rate changes…They’re working around a date waiting for the rate to change…
Walkingstick (KTFA)
The rumor is according to ‘East’ [Aki’s company in the Middle East] that they got nine currencies in a basket. It may be more, it may be less…It could come out asset backed…or it could come out with a float. The float makes more sense…But East is saying, if it is a basket, we’re seeing the Euro, British pound, Krona, which is Swedish currency and shilling, which is Austria currency.
Sandy Ingram
Article:
“Iraq’s gold reserves significantly increased”
[Iraq’s] gold reserves grew by 57% in 3rd quarter of 2024. The value of Iraq gold reserves rose from 10.7 trillion Iraqi dinars, which is $8.1 billion USD, in 2023 to 16.8 trillion dinar or $10.6 billion USD in [2024]. According to the World Gold Council, Iraq now holds 152.6 tons of gold raking as the 29 largest gold holding country globally and 3rd in the Arab world after Lebanon and Saudi Arabia.
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