Nick Fleming RVGCR Intel Update January 24, 2025
By admin Nick Fleming RVGCR Intel Update January 24, 2025
Wolverine
[via Judy Byington]
…This has been a long journey for all of us…it seems all is ready. The Liquidity and money is there and we are ready to go… I have spoken to people who actually have appointments with banks, and I’ve seen bank accounts…all is ready to go. THIS TIME IT IS REAL. IT IS REAL! Am I excited.
MarkZ
[via PDK]
Question: Any new predicted rate on dinar and dong?
MarkZ: Still hearing and what makes the most sense is $4 – $4.50 on dinar and $2 to $3 bucks on the VND. Some of the rates we have seen most often is $3.90 to $4 showing up on dinar and $2.40 to $2.50 showing up for the dong. We won’t now for sure until we are at the banks.
We don’t know when it’s going to happen but we are seeing many signs that it is very close…I was told by political sources that it is a top priority for our new US administration to see currency and rate changes.
I heard this from several different groups. No taxes on our exchange…. We are starting to hear more and more logistics on this thing. There is progress and movement happening…
Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: CBI on TV news saying new banknotes will circulate with the existing ones and there are no plans to pull the older notes. They will coexist. Then they talked about the new security features on the new bank notes that are coming out. They are preparing us to give us the new small category notes…
FRANK: IMO those 3 zero notes will be exactly like the new small category notes minus the zeros and instead of a 25 IMO it’ll be a 20.
FIREFLY: Mr Sammy says when [Amendment 12 of budget] passes…then the next step will be that the budget table will be going to parliament…Once that passes a new rate will show before the tables go to parliament because the budget table line items need that rate.
FRANK: Thank you for that understanding. I really appreciate it. I’m going to rule out the 15 days and focus only on the accomplishment of the Amendments that will expose the new budget and the new rate.
[Former banker & Federal bank examiner with the US Treasury – Bill update]
Remember, here’s the key, it’s your currency. It’s your money and you’re in control. You’re in the driver’s seat. [Banks] have policies [but] doesn’t mean they can’t change them. They sure as heck don’t want you to go down to the bank three blocks down because they’re going to lose a lot of money…
Clare (KTFA)
[Community comment to Clare 1-22-2024 Auction Article below]
“IMO the math used here isn’t what we can be excited about. 1250 Dinar is definitely better than the official rate of 1310 Dinar to the $ But if you take the old Dinar 1250 of them and trade them in for 1 new Dinar…1 million Dinar is equal to $800…”
YOU ARE NOT IN IRAQ EXCHANGING! HOW DID YOU MISS THIS PART? Making the value of one dinar equal to one dollar… FOLLOW UP QUESTION “now I’m more confused, so if I’m an Iraqi citizen…I have to accept it at 1250 old dinar for 1 new dinar. But if I’m not in Iraq I can trade it 1 for 1…?“
ON FOREX SUPPLY AND DEMAND WILL INCREASE VALUE EXTERNALLY…IN IRAQ THEY WILL ONLY USE DINARS. WHY DON’T YOU UNDERSTAND “A DINAR IS EQUAL TO 1 DOLLAR” (IF IT STARTS OUT THAT WAY) AND THEN IT STARTS TRADING ON FOREX? THE VALUE WILL GO UP FROM THERE. IF THEY DO IT THIS WAY…
Bruce (The Big Call)
[via WiserNow]
I was misinformed, and I misinformed you guys. This could not go before President Trump made his way back into the Oval Office, and the information we were getting might have been coded, and we took the code wrong, or whatever happened…my fault, my bad…The good news is he is back in as of…the 20th of January…But now that we’ve crossed that threshold that President Trump is back…And the good news is that we are moving forward…I just think we’re looking very good to get started with this…there is nothing else to hold us up from going.
Pimpy
Article:
“CBI unveils new banknote security features”
Yes they are new bank notes but the difference between the new ones and the old ones is there are additional security features on there so no, there’s no panic about you having to switch out your old notes for the new notes…Why go through the hassle of putting on all these additional security features if you thought you were going to change your currency and give it a re-denomination without the zeros and change the exchange rate? Doesn’t sound to me like there is any plans in the very near future for them to go ahead and re-denominate as well as change the exchange rate.
Fnu Lnu
In a float, there will be NO wild ride with gyrating values. A float is a mechanism devised so a basket of currencies will remain relatively stable…it cannot move more than 2% either way, up or down, every 90 days. That means any significant movement in value, per currency, will take a very long time.
Jeff
I’m not trying to give you a date…Iraq can only change the their rate on a Sunday. The rate will change on what is their Sunday morning before or by the time their banks open. Their banks open Sunday morning 8am their time…Here’s the unknown variable in this. Does Iraq need something like a holiday to legitimately suspend or pause their currency auction on a Sunday allowing them to change the rate? That’s a question none of us can answer. We don’t know…
MilitiaMan
One of the key things in a monetary policy when they go to revalue a country is they have high security. They want to tamp down currency m**********n. They want to stamp out the black market… That’s all part of the process.
Article quote:
“Any attempt to manufacture, possess or pass on f**e bank notes is a criminal act that is severely punished by law, calling for the delivery of any f**e bank notes to the police and to the central bank of Iraq.”
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