Nick Fleming RVGCR Intel Update January 22, 2025
By admin Nick Fleming RVGCR Intel Update January 22, 2025
MarkZ
[via PDK]
Comment: Mark look at IQD on xe and see what it says …it started showing up on Saturday.
MarkZ: We are seeing some crazy rates and values….buckle up…its going to be a crazy couple of days.
Article:
“Government representative in Parliament sends an amendment to an amendment regarding budget law”
This one is specifically on rate and they are pushing to have the budget settled …this is also about the oil in the Kurdish region. We should have had action on this today. They are waiting to squeeze in one last number…then we should budget tables and rates. When they adjust budget tables it’s an ideal time to adjust “value”. There is some pretty exciting stuff coming for Iraq this morning.
Article:
“The discovery of the largest oil storage in the center of the country with 2 Billion barrels.”
Every time we turn around – we find out Iraq has more resources. Gold, Rare earth minerals and even more oil. This is $140 billion more in oil to support their currency.
Bruce (The Big Call)
[via WiserNow]
…we’re most concerned with the dinar at the contract rate, which our contract rate on the dinar is tied to North Sea Brent crude oil…and if it’s 80, well, that’s what the contract rate is, and that’s the North Sea Brent crude price [a few days ago]…it sort of it fluctuates a little up, a little down, but it’s it’s trending up, it’s trending higher. So that’s a good thing to be aware of.
MilitiaMan
Article:
“The Kuwaiti dinar currently is the strongest currency in the world… 31 Kuwaiti dinars for every US dollar.”
If you do the math it turns out to be about $3.22…
Quote:
“It’s worth noting Kuwait has about 7% of the world’s oil reserves which greatly supports the value of the currency…According to 2023 data Iraq has significantly more oil reserves than Kuwait with Iraq holding approximately 145 billion barrels of oil compared to Kuwait’s 101.5 billion…”
Iraq has 43% more oil than Kuwait. [Kuwait’s] currency is strongest in the world…Iraq has the ability to be at least 43% more valuable based off oil, let alone their non-oil revenues…Pretty exciting times!
…Progress is happening. They don’t have to tell us everything…That’s not their job. They can’t just say, ‘We’re going to revalue the currency tomorrow at $4 or $2 or $1 because it’s like insider trading…That’s not going to happen but what they are doing is they are giving you data to some extreme especially since al-Sudani has taken office.
Frank26 (KTFA)
We’ve always said, don’t run to the bank. I said walk, take your time…You want to take your time…because you want to see any changes. You want to see any mistakes that have been done that are being corrected by the bank or the CBI whatever it may be. Take your time in doing this. Once the exchange starts it’s not going to stop overnight. You’ve going to have plenty of time…
Question:
“When you say ‘very soon’ does it mean the same as in Iraq?“
No! Very soon in Iraq is something different from the United States of America….We’re on a New York nano second. We’re not on a New York minute. We want things done now…as fast as possible.
Samson (KTFA)
Article:
”Iraq enters a new phase of cooperation with America after Trump assumes the presidency”
Article:
“Chinese Ambassador: Trade with Iraq Reaches $50 Billion, Yuan Transactions in Early Stages”
Kaperoni
X Tweet – Iraqi Embassy in Washington “The U.S.-#Iraqi relationship is strengthened by deeper economic ties. #Iraq welcomes U.S. investment in all sectors under a business-friendly @realDonaldTrump administration.“
Wolverine
[via Judy Byington]
…Tues. 21 Jan. 2025 everything starts… we are finally here.
Jeff
The critical part is we want to see them advance to the [budget] schedules but the rate has to change before the schedules can be approved…The schedules are the line items in the budget that are calculated off of the new currency value.
Sandy Ingram
The Iraqi dinar faces several potential scenarios for its value in 2025…One possibility is a gradual appreciation in value…The country’s vast oil reserves are its economic backbone. If global oil prices remain high and Iraq increases production, the influx of foreign currency could strengthen the dinar. Additionally… diversifying the economy and reducing c********n could boost investor confidence and attract foreign investment further supporting the currency’s value. On the other hand the dinar could remain stagnant or face depreciation… If global oil prices drop significantly, Iraq’s reliance on oil revenues could strain its budget and weaken the dinar. Inflation or issues in managing monetary policy might also negatively impact its value.
Another scenario is a potential revaluation or redenomination of the currency. This could occur if Iraq’s government and Central Bank aim to simplify transactions and improve the currency’s global perception. Such moves often depend on strong economic fundamentals and international support. Ultimately the future value of Iraq’s currency will hinge on a combination of political stability, economic reforms, global oil markets and the country’s ability to manage these factors effectively. For now the dinar’s prospects remain uncertain with opportunities for growth balanced by significant risks…For now the dinar remains a speculative currency…
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