Nick Fleming RVGCR Intel Update April 30, 2025
By admin Nick Fleming RVGCR Intel Update April 30, 2025
Mountain Goat
Article:
‘AL-NUSAIRI CONFIRMS THAT THE CENTRAL BANK’S APPROACH TO BANKING REFORM AND DEVELOPMENT CONTRIBUTES TO ACCELERATING IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION.”
…we learn what’s been holding up Iraq’s full ascension to WTO. Yes it’s all about the financial and banking reforms again. Are they now getting ready to announce it.
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MarkZ
[via PDK]
In Iraq: ‘The Central Bank of Iraq indicates a decrease in the governments public spending”
there are hidden gems in this one. This indicates a decrease in the issued currency to 100T dinar. Under S****m Hussein there were about 20 Trillion dinar in circulation and the rate was about $3.20 or so. …There are so many more assets in Iraq now then there were then.
Articles like this come out almost daily now: ‘Government advisor: Iraq is in a prosperous era despite the difficulty of the international economy”
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Frank26 (KTFA)
It wouldn’t be a surprise to you if I told you IMO they’re talking an awful lot about the Iraqi exchange rate in Iraq. It wouldn’t come as a shock to you if I told you that Firefly and everyone that he talks to, that’s all they talk about. They’re not confused. In the beginning it was difficult because there was so much confusion.
The dinar inside of Iraq is solid and outside it is starting to be trusted but it’s still very fragile. The longer Sudani takes, the more that trust will erode I will admit. In other words, the banking structure of Iraq, everything that is needed for the new exchange rate, it’s set. Everything that was against the Iraqi dinar has been removed, even the political thieves from Iran inside of parliament are under control…The International world is ready to receive the Iraqi dinar and do business with it but not at 1310.
Question:
‘IYO when the Iraqi people turn in their notes do they get program rates or a different rate.”
No, program rate 1310. That’s why they don’t turn them in. They’d rather get them out of the country but it’s kind of tough to do that now. Borders are very secure. It’s hard for things to get in and get out.
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Clare (KTFA)
Article:
‘The rise in the value of the national currency has local and international causes.”
Quote:
‘The Iraqi dinar’s exchange rate against the US dollar has witnessed a significant improvement over the current period, supported by a number of internal and external factors. Most notably…the prudent monetary policies pursued by the Central Bank of Iraq, and signs of a thaw in US-Iranian relations have combined to boost the value of the national currency…Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad said…The country’s massive financial reserves are one of the main reasons behind the improvement in the value of the dinar against the dollar, and we expect the dinar’s value to continue to improve in the coming period.”
Article:
‘Central Bank: Visa and MasterCard card issue abroad to be resolved next month”
Quote:
‘Central Bank Governor Ali Mohsen Al-Alaq announced on Saturday that the issue of Visa and MasterCard cards abroad will be resolved within the next month…Al-Alaq said, An agreement was reached with all concerned parties – which include Visa and MasterCard in coordination with the Treasury, the Federal Reserve, and the auditing company...stressing that the Central Bank has taken rapid steps in this regard, expecting to complete this task…before the scheduled date for this process, which is June 1.”
MilitiaMan
Article quote:
‘The formulas and paths for setting the Visa and MasterCards are scheduled to be fully ready for use in a fast foreign trade and transfers before June 1, 2025”
Let that sink in…They’re going to be geared for some time before then…Commercial transactions are going to be reflective of a real effective exchange rate in Iraq…They have to do it in dinar terms because the United States has effectively decreased or even halted dollars into the country…
It’s amazing to see how far the central bank has come. They’re in line with the global markets and they’re going to have what I believe is to be inner connectivity…Iraq’s ability to move away from the parallel market has been epic…95% of all transactions are outside of the parallel market.
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Walkingstick (KTFA)
Sudani is saying IOO that they are 1,000% above the new exchange rate because they are asset backed…Iraq will not only be gold backed but silver, oil, rare elements, the list is endless…It will be asset backed with more than just oil, more than just gold…Sudani is saying our foreign currency is suffice to cover the money that is in circulation, the 3 zero notes…But soon a new exchange rate with purchasing power will cover the lower notes and the deficit in the budget…
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Fnu Lnu
They are undergoing a banking hardware upgrade and at the same time, developing a Digital Dinar for International Commerce. That will also necessitate new hardware and software and training is ongoing with K2 and Wyman. Wyman is also heading up the advisory committee for the Development Road project. An imminent RV/RI is simply not in the mix or discussion at this time. There are massive contracts being consummated daily and all this banking infrastructure, upgrades, and new technology are dominating the agenda, not the RI/RV because it isn’t necessary at the moment.
Pimpy
Is it going to redenominate. Yeah, if they keep mentioning the deletion of the zeros. The ‘removal’, the ‘deletion’ of the zeros that is a redenomination. They’ve been talking about it going all the way back to 2009…When it’s going to happen. Who knows. A redenomination means they take the zeros off the bank note and your 10,000 Iraqi dinar becomes 10. 25,000 becomes 25. Then they’ll change the exchange rate.
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