Nick Fleming RVGCR Intel Update February 17, 2025
By admin Nick Fleming RVGCR Intel Update February 17, 2025
Bruce (The Big Call)
[via WiserNow]
We know that the rates have come up on the screens, but we also know that the rates are fluctuating, trading back and forth at a very high rate of speed…
MarkZ
[via PDK]
‘Foundations warn against ‘parallel banking system’ and ‘shadow economy’ in Iraq’
What’s it mean when the US cuts off dollars to Iraq. It means they will be forced to move forward with their revaluation. This is what the US is working with Iraq on…It is nothing to be feared….it is something to be embraced.
Article:
‘Iraq is financially stable and does not need aid’
They are telling us they do not suffer from a deficit. They are saying they are the ones to help other countries now. Dr. Shabibi (former Gov. of the CBI) always said if they give him safe and stable …he would release the new rate of the dinar.
Mountain Goat
Article:
‘AMERICA STOPS THE DOLLAR CASH TO IRAQ: WILL THE DOLLAR RISE AGAINST THE DINAR.’
All I can say is its about time! But this is a major change and there will be adjustments that will have to be made…how can the CBI get the dinar to be worth more than the dollar. Is it time to conduct the in-country RV to just over a dollar.
Frank26 (KTFA)
Don’t pay attention to the rumors. Where is the logic in the rumor…. If it turns out that President Trump and Vance have asked Sudani to hand in his resignation as Prime Minister then I might just walk away. I’ll just walk away. The relationship between the two of them is the reason why we’re going to the new exchange rate soon IMO.
We are on the precipice. We are right on the edge of this happening…Isn’t it exciting we’re not asking questions like, ‘Will it happen.’ We’re instead waiting with a reality.
Samson (KTFA)
Article:
‘The Central Bank of Iraq is among the top 10 banks buying gold in the world’
Quote:
‘The Central Bank of Iraq ranked seventh on the list of central banks that bought the most gold in 2024’
Fnu Lnu
I can hardly believe all the things Iraq is doing simultaneously. It boggles the mind. Iraq has launched a 15,000 acre housing project – They approved Phosphate and Sponge Iron projects – Standard Chartered is putting $95m up for Iraq Power Plant Financing – Iraq is expanding the Maysan Refinery to include a new 70,000 bpd facility – Iraq launched its third phase of ‘Baghdad Pulse’ initiative which is rehabilitating Al Rasheed Street which was reduced to a pile of rubble on top of a pile of rubble – BP is putting 25B on the table and betting big on Iraq again – It just goes on and on with all manner of progress like new economic agreements with Kuwait and 3 new oil wells in Zubir and it would take a page to list all the alliances and agreements and projects. This hardly sounds like a country operating on 1320 IQD to the 1 USD to me. Something has got to give. Singapore has no news on the completion of the cross-border payment training. I think when they are through, we will see movement.
Clare (KTFA)
Article:
‘Iraq Mall: Baghdad’s upcoming mega shopping and entertainment hub’
Quote:
‘Baghdad is set to welcome a game-changing retail and entertainment hub with the opening of Iraq Mall, a sprawling 550,000-square-meter development in the Al-Dora area, near the two-story bridge overlooking the Tigris River. This mega mall will house top global brands, including Zara, Pull & Bear, Massimo Dutti, PUMA, Under Armour, Lacoste, Levi’s, HUGO BOSS, and Bershka, among many others. With a diverse mix of high-end fashion, sportswear, and lifestyle stores, Iraq Mall is poised to become the ultimate shopping destination in the country…Set to open in late 2025, Iraq Mall will transform Baghdad’s retail landscape and provide an unparalleled shopping and leisure experience.’
MilitiaMan
Iraq has a massive amount of reserves, far more than necessary than the requirements of the IMF. And they’ve increased their gold reserves.
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