Nick Fleming RVGCR Intel Update January 28, 2025
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Nick Fleming RVGCR Intel Update January 28, 2025
Clare (KTFA)
Question:
‘Governor of the Central Bank of Iraq meets an official delegation from the United States’
Quote:
‘During the meeting, they discussed banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the US Chamber of Commerce and American companies next April.’
Article:
‘Coordination Framework: No enmity with Trump and America, but we are friends’
Quote:
‘The Coordination Framework, which brings together the Shiite political forces forming the government of Mohammed Shia al-Sudani, confirmed on Monday that it is not afraid of the new US President, Donald Trump…The framework’s representative, Ali Nima, told Shafaq News Agency, ‘The framework has no fears of Trump, and promoting fears about imposing any sanctions on Iraq is unrealisticand far from reality. Baghdad and Washington have good relations…We are seeking and working to strengthen this relationship during the next phase.’…Trump’s new team also includes the most ardent opponents of the Iranian axis, and is deeply resentful of the previous administration of J*******n and the administration of B****k O***a, considering that these two administrations handed Iraq over to Iran, after the withdrawal and after a series of negotiations.’
Article:
‘US banks want to invest in Iraq, central bank will provide support’
Quote:
‘Today, Sunday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed with the Vice President of the American Chamber of Commerce, Steve Lutes, the banking and economic relations between the two countries, in addition to the desire of American companies and banks to invest in Iraq, while Al-Alaq confirmed that the Central Bank will provide the necessary support to those companies and banks.’
Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Television news reporting there is a liquidity issue, that more than 70% of Iraqi citizens are still hoarding their 3 zero notes and many are not bringing them to the bank.
My opinion, I prefer the float. Why. Because if you float you can come out with more than 1 to 1. If you go in the basket you got no choice, the dollar 1 to 1...Do you see the $3 plus currencies in any basket. No. That’s what you need to go.
Jeff
Article:
‘Al-Sudani calls on American companies to participate in the ‘development renaissance’ in Iraq’
Quote:
‘Implementation of 18 agreements and MOUs signed during al-Sudani’s list to the US in 2024.’
Iraqi delegation met with US official under Trump back in 2020 and they also met mid-last year in 2024. They’re telling you right here they have 18 agreements and MOUs signed and in place ready to implement. That’s why they will be meeting just a little later this year, March to April, to discuss the implementation of these items, not to draft them. These meetings don’t have anything to do with the rate changing or us waiting for it in March to April. This is getting buckling down getting to business after the rate has already changed.
MilitiaMan
We know the economic reforms are underway and we all know there’s certain things still missing. I think Alaq has that push button. I think that’s about where we are because you haven’t see that 12-2c amendment yet…There’s a reason for that because they can’t, because they’re going to have to expose that at or around the same time Alaq does what he needs to do…The good part is it looks like it’s coming to the forefront…
MarkZ
[via PDK]
I think things are moving along nicely. Rumors over the weekend …with a couple of my biggest bond contacts are saying they now expect theirs somewhere around February 10th. Some of these bigger ones could be ‘post RV though’… There are different pots of money paying different things. There are also rumors it could happen tonight. Remember they cloud things so we do not know the timing…We know they are moving at a much quicker pace …and I was told the US is pressuring Iraq to complete it. This is a first. America really needs this…financially we are in a heck of a mess.
Wealth/redemption folks did not work over the weekend. They were hoping to get called in but remember…they were told to expect to work the next few weekends for awhile.
Sandy Ingram
The Vietnam Dong’s low value is not necessarily a disadvantage for Vietnam – it has been a key factor in its economic strategy. While significant appreciation of the Dong is unlikely in the short term, Vietnam’s growing economy and strategic role in global trade suggests that its currency could slowly gain value over time. However for for now, the government seems to prioritize economic stability and export competitiveness over increasing the dong’s value.
Walkingstick (KTFA)
Trump has declared a mandate to Iraq – Stop using my dollar. The only way you can use my dollar is to buy medical stuff, medicine, equipment. If you want to travel abroad you can get some of my dollar or GOI in your functions as a government. That’s it. Nowhere else can you use the American dollar in your country. Citizens can’t touch it. Businesses can’t touch it. Iraqi Stock Exchange can’t touch it. Nobody is to touch the dollar.
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