Nick Fleming RVGCR Intel Update March 18, 2025
By admin Nick Fleming RVGCR Intel Update March 18, 2025
Tishwash (TNT)
Article:
‘To reduce speculation, a Sudanese advisor reveals a new monetary strategy’
Quotes:
‘this strategy focuses on expanding the base of buying and selling foreign currency at fixed and stable rates, in line with the current monetary policy.’;
‘these steps coincide with enhancing the freedom of the foreign exchange process, with a high commitment to transparency and money governance in line with international standards.’
MarkZ
[via PDK]
From Iraq: ’Will the Coordination Framework collapse in the face of a potential Sadr/Sudanese alliance.’
This is actually a good thing for us. These were two blocs that did not work together before…but now they are working together. What are they working towards. …they want to make the political system in Iraq work much better. And they are removing the influence of Iran and Maliki. We are seeing things they have been talking about for 20 years happening now.
There are a lot of expectations for later today and tomorrow on the bond side. Most are looking at the 18th.
There are rumblings in some of the ‘Currency Groups’ trying to buy up currency from other smaller groups. Not sure where the funds are coming from…but there seems to be a mad dash right now to consolidate. I am trying to get more information but this could be a huge sign. There is no way (IMO) that they would spend those dollars unless they believe they would shortly get them back. This is good news from the currency side of this.
Samson (KTFA)
Article:
‘Government advisor: Iraq’s relationship with the US is characterized by positivity and ongoing cooperation’
Quote:
‘Iraqis are exempt from the tightening of entry rules to the United States, according to a new list being considered by the US…’
Article:
‘Al-Sudani’s advisor: Iraq’s foreign reserves reach $110 billion’
Article:
‘In a shocking statement, the Iranian president said Tehran is experiencing a crisis that is no longer acceptable for living.’
Clare (KTFA)
Article:
‘Al-Sudani and the US Secretary of Defense discuss regional developments, Syria, and the Houthis by phone.’
Quote:
‘Iraqi Prime Minister Mohammed Shia al-Sudani discussed with US Secretary of Defense Pete Hegseth, on Sunday evening, security developments in the region…Both sides renewed their commitment to maintaining regional stability, while the US Secretary of Defense affirmed his country’s commitment to supporting Iraq’s long-term security and stability…’
Article:
‘Al-Sudani’s advisor: Iraq’s foreign reserves reach $110 billion’
Quote:
‘The Prime Minister’s financial advisor, Mazhar Mohammed Salih…Iraq’s foreign exchange reserves are one of the most important indicators supporting investment, both domestic and foreign, as the country has a stable foreign exchange portfolio estimated at approximately $110 billion, distributed between gold, dollars, and foreign currencies…He added, The current account of the balance of payments is recording positive rates that enhance the stability of the value of the Iraqi dinar...’
Article:
‘Parliamentary Finance Committee warns of sanctions against Rafidain Bank: It is marred by regulatory concerns’
Quote:
‘Rafidain Bank, like any private bank, is subject to the instructions and regulations of the US Treasury Department under an agreement with the Central Bank of Iraq and the international company charged with monitoring the work of banks in Iraq…Al-Dulaimi pointed out that the bank’s continued operation according to its previous procedures could lead to US sanctions being imposed on it, along with other private banks, if the recorded violations are not corrected. On January 30, 2025, US Republican Representative Joe Wilson renewed his attacks on Iraq, but this time by demanding sanctions on the government-owned Rafidain Bank.’
Frank26 (KTFA)
Trump is changing the political landscape, the geopolitical landscape, the Geo-financial political of the whole freaking world and it’s starting very heavily within the Middle East. And Iran. They know what Trump is going to do if they don’t stop what they have been doing…
When the new budget comes out it’s up to Sudani if he wants to release a new exchange rate or if wants to continue to protect the new exchange rate. Even if it comes out 1310, the IMF said…they agree with your banks and your [Iraqi] banking reforms. You think the IMF agreed to your banking and monetary reform at 1310. Of course not.
MilitiaMan
There are things on the table that have not been sorted. One of them is going to be the oil. They have to have an evaluation for that. We know…they have to value the oil in a Real Effective Exchange Rate or they would have done it by now. It’s been two years and they’ve lost billions. It’s obvious, it’s quite clear that they’re going to do something different in the future.
I think the ’23/’24 budget schedules haven’t arrived to the parliament because it’s not their business. It’s going to be their business after the fact. That’s how I see it.
Sandy Ingram
5 reasons why the IQD will increase in value. This assessment is based on Iraq only accepting payments for shipping services in its own currency.
1. Higher demand for IQD – when international companies pay for shipping, railway usage and port service in Iraq dinar, the demand for the currency increases.
2. Scarcity formula – As more businesses buy IQD…the supply of available dinar decreased making each unit more valuable.
3. Less dependent on the US dollar – if Iraq shifts…to the IQD instead of USD it strengthens the local currency while reducing inflationary pressures.
4. Stronger economy equals stronger currency. The development road will create jobs, increase exports and boost government revenue leading to economic growth and a more stable IQD.
5. An alternative to the Suez Canal saving billions for companies exporting to Europe.
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