Nick Fleming RVGCR Intel Update May 6, 2025
By admin Nick Fleming RVGCR Intel Update May 6, 2025
Mountain Goat
Article:
‘TALABANI’S PARTY: THE OIL AND GAS LAW IS OFF THE AGENDA FOR THE CURRENT SESSION, DESPITE THE GOVERNMENT’S PROMISES.’
As investors we have…been watching for the Oil and Gas law/referendum required by the new Iraqi constitution of 2005…One day we hear it is being passed on to parliament and the next day we hear it will not even be considered in the current session… A member of the Patriotic Union of Kurdistan (PUK), Burhan Sheikh Raouf, confirmed on Thursday that the oil and gas law will not be passed anytime soon, as the current parliamentary term is approaching its end, despite the urgent need to regulate this vital issue.
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Bruce (The Big Call)
[via WiserNow]
…The rates have been populating but they are solid enough on the screens on redemption center screens…I know roughly what those are going to be, very, very good.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: TV is talking about k*****g the remaining 5% of cash for the black market. They’re saying this will be turned over to the correspondent banks on June 1st meaning the end of the remaining 5%. This will put an end to the black market.
FRANK: That 5% once it’s extinguished, you got rid of the auctions, all the banks are well under control of the CBI, you are getting rid of the remaining 5%. Their economy is fantastic. There are contracts from here to the moon waiting to come in. We all know what everyone is waiting for…This is very good news.
What about the concept of grouping together [to go to the bank for exchange]. I think it’s good but be careful who you group with…Be careful. By grouping yourself together…You got 1 million dinars and you got someone that’s got 3 million dinars, you’ve increased the attention they will give you…You want all their attention.
The most important thing that is needed, the only thing that is needed for the new exchange rate to come out of hiding, to no longer be surrounded by weapons to protect it, is security and stability…Do we have it. I think so.
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MilitiaMan
Article quote:
‘Rafidain Bank… opening to international correspondence channels in preparation for a confident return to the global financial system.’
Well they haven’t done that at 1310. Do you think for the life of yourself that they’re going to do that at 1310. If they were why didn’t they do it 20 years ago or in the last 2 1/2 years. …The bank spells it out what they’re about to do and where they’re headed…The banking reform process is ready to return to the rightful position in the international financial system…
The background of the country [Iraq] has had a massive amount of c********n. Spreading rumors through media is notorious. Sadly we have it here in our country as well…It’s a reality. You have to take the time to be able to understand what you own and know who those [bad] actors are. This has been a long road…We got into this because we believed in our investment. Revaluations of currencies is a reality.
Fnu Lnu
[Response to Guest Boots-on-the-ground Guru Maxis 5-4-2025 post below]
I have shown…over 40 projects in the last two weeks with explanations that illustrate that this ‘intel’ is just street talk. Large contractors do not get paid in physical dinars or any sort of folding money. This is not 1920. They have banks in their home countries and their payments amount to decimals on a monitor screen that get converted to Yen, Euros, or Croners, automatically. These huge contractors never see a Dinar except to buy a falafel for lunch. The logic is faulty…Just so ya know, the contractors are being paid their millions and billions with SDR’s purchased through the IMF and World Bank / BIS. When the new digital system is implemented, these transactions will be consummated within seconds just like our exchanges will be…
Now that they have a digital Dinar under development, foreign cross-border payments will be effortless and completed within seconds. Conversions and the problems they presented are soon to be a thing of the past. Local trade and commerce in the marketplace of Iraq will do just fine with the current, stable REER which now has a three year track record.
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Clare (KTFA)
Article:
‘The Iraqi banking sector between support flexibility and the risk of reserve depletion: A reading of the Fitch report and Central Bank figures’
Quote:
‘Central Bank figures also revealed that Iraq’s foreign exchange reserves declined by more than $7 billion during the first quarter of 2025, reaching 127.198 trillion dinars in March 2025, compared to 136.877 trillion dinars in December 2024″
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MarkZ
[via PDK]
The news is still good …We are just not there yet. But there is a lot going on in Iraq right now…it’s really stinkin close.
[Reference Mnt Goat’s post 5-5-2025.
Article:
‘TALABANI’S PARTY: THE OIL AND GAS LAW IS OFF THE AGENDA FOR THE CURRENT SESSION, DESPITE THE GOVERNMENT’S PROMISES.’]
The question is – what is the real truth. We heard similar things in Kuwait and China before they RV’ed their currency.
Boots-On-The-Ground Guru Maxis
The budget is 210T divided into 2 parts. First part is 155T for Government Operations and the second part is 55T for investment (projects). This will leave them with a Deficit of 66T. No Projects have been funded as the budget has not been approved. Projects are just promises at this point. They have to revalue the dinar to afford all of the projects. The word from my locals is that there is no way they have 210T dinars printed…If they had 210T dinars printed their inflation rate would be unattainable …
Question:
‘Is this your commentary or your Iraqi employees.’
My employees I just listen.
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