Nick Fleming RVGCR Intel Update April 15, 2025

Mountain Goat

…remember that the ‘Development Road Project’ is still underway and the  initial funding for the first ‘Economic City’ was provided…This is what is going to bring the economic boom. Iraq has also opened up to the strong possibility that their future revenues cannot rely solely on oil.  

MarkZ

[via PDK]

In Iraq: ’Al Rafadain is activating the comprehensive banking system in 57 branches’

This is an add-on to the ever expanding digital banking system in Iraq…this is one of the pillars of the reforms to lift the purchasing power of the dinar.

With oil falling Iraq is faced with some things. They may have to revalue their currency. And that is being talked about right there in the news. They are actually discussing going ahead and pulling that trigger.

Question: Once 30% of bonds are done it will be our turn – right Mark.

MarkZ: I did get an update from historic bonds saying last week and the weekend went exceptionally well and they hope to achieve the 30% point this week.

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Frank26 (KTFA)

Iraq is the only country going through a monetary reform and can do international transactions without any sanctions on them.  At a program rate of 1310.  If that doesn’t stand out like a sore thumb I don’t know what else does.  It’s so obvious what’s going on.  It is so logical.

[Iraq boots-on-the-ground report]

FIREFLY: Mr Sammy wants you to know the cross border electronic system is complete and this is a key that had to be done prior to any value being added. It’s keeping Iran from stealing from us. As you know Iran is the main reason we are still in a program rate. However this new electronic system is now in place.

The IMF on their website tells you very clearly Iraq is going through a revaluation to their currency right now.

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MilitiaMan

Article:
‘National entitlements is in Iraq’s constitutional rights…’

The citizens are going to get a portion of their revenue stream.  They have non-oil and oil revenue streams.  They call it the HCL.  You can call it what you want, the Hydrocarbon Law, whatever…They haven’t been paid…But that’s one of their key focuses, national entitlements.  The citizens getting their salaries on time is a national entitlement, no different than the oil revenue streams…customs at the borders…That money is public money.  They’re going to get a portion of that to some degree.  They’re also going to get purchasing power…A better quality of life.

Salaries…oil extraction costs…they talk about Paragraph 12C [of the budget]…You’re going to find those two things are related to exchange rate orientation.  They haven’t done these things or finished these things yet.  They’re probably not going to finish them until they actually change their exchange rate.

Clare (KTFA)

Article:
‘Plunging Oil Prices Jeopardize Iraq’s Budget: Will the Government Resort to Dollar Revaluation.’

Quote:
‘Iraq is bracing for renewed economic turbulence as oil prices fall below the critical $65 per barrel mark—five dollars short of the benchmark adopted in the country’s federal budget. The slide in global crude markets threatens to erode the very foundation of Iraq’s oil-dependent economy, prompting speculation over potential fiscal and monetary policy shifts…’

Quote continued:
‘…The central bank’s hard currency reserves, considered a last line of defense, are unlikely to be tapped under current circumstances. Still, one policy instrument remains within reach—and contentious: the exchange rate.  Economic expert Ahmed al-Ansari noted that while Iraq’s reserve fund is generally safeguarded for emergencies, adjusting the value of the Iraqi dinar relative to the U.S. dollar remains a plausible option. ’We’re unlikely to see the reserves touched, but a revaluation of the dinar, coupled with domestic borrowing, could help bridge a potential deficit,’ al-Ansari explained.’

Fnu Lnu

After reading 84 of the most recent reports on everything Iraq, it is my honest opinion that Iraq is still frought with serious shortcomings. The banking sector is once again being revamped. A digital currency is being developed for use in International commerce and is not finished nor is the cross-border payment training finished. In fact, reports say it is going very slowly. Plus the proliferation of massive projects moving forward dictate the logic that Iraq is nowhere near ready for a Revaluation of the IQD.

The HCL is NO signal the RV is happening. The Budget doesn’t have to have a revaluation of Dinar in it to pass, and there is no verified chatter of an official nature anywhere signaling a RV or RI. There are no back screens flashing…NO BODY knows the date or rate…

Samson (KTFA)

Article:
‘Government consultant: 95 trillion dinars kept outside the banking system’

Walkingstick (KTFA)

I don’t think it’s going to take very long [to collect the three zero notes after a rate change], within a matter of days, weeks, these three zero notes will be collected…

Source : dinarchronicles

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