Nick Fleming RVGCR Intel Update August 1, 2025

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08/01/2025

Nick Fleming RVGCR Intel Update August 1, 2025

Mountain Goat Article: ‘PARLIAMENTARY FINANCE: NO INTENTION TO SEND BUDGET TABLES, SPENDING PROCEEDS ACCORDING TO THE 1/12 MECHANISM’ Iraq is NEVER going to publish the budget schedules under Article 12 of budget for 2025. This is NOT something we all should be expecting and looking for to gauge RV timing …The new RV rate is NOT IN THE BUDGET – THEY ARE NOT HOLDING UP SHOWING THE ARTICLE 12 SCHEDULES BECAUSE OF AN RV… ______________________________________________________ Bruce (The Big Call) [via WiserNow] There are certain individuals that had put out information saying that the banks will be able to give you 10 dollars on the dinar. Well, that’s very possible, but would you like to be able to get nine times that at the redemption center with the contract rate. That’s why I don’t talk about going to the banks. I talk about going to the redemption centers, because they’re going to stick with everything you need. You’re not going to get a contract rate on the dinar at the bank…The point is, the banks are fine, but you’re not going to get the steel okay. ______________________________________________________ MarkZ [via PDK] Article: ‘Al-Harki: the oil agreement between Baghdad and Erbil is a step towards the approval of the Oil and Gas Law’ We have been told over and over again that the oil and gas law is the key. We have a clear steady step in that direction. Many are thinking that this agreement should give us the Oil and Gas Law very quickly. Question: …if the Dinar floats does the price change hourly or once a day. MarkZ: They made it clear that they will not ‘Free float’ like Kuwait. I was told the most they would allow it to float is 20% over a year. But it is fixed to a currency basket so it wouldn’t float the same way. ______________________________________________________ Frank26 (KTFA) [Iraq boots-on-the-ground report] FIREFLY: Saleh is on TV saying Iraq is in a stable and safe finical situation. Regardless of what you’re seeing around us…even all that’s going on outside of our borders we have stability. FRANK: Security and stability was born…now let it walk. Question: ‘The rate exposed after lockout, will that be just for Iraqi citizens on Forex.’ No, the whole world will see it instantly. The moment the CBI releases it, everybody will. [Iraq boots-on-the-ground report] FIREFLY: Alaq gave a great report in the CBI for quarter one about how they have inflation under control. FRANK: They have everything you can think of in order to lift the value of their currency. They have everything in place for it. Clare (KTFA) Article: ‘Washington hands Baghdad a sanctions list that includes K-Card and prominent figures.’ Quote: ‘New list of sanctions…is a direct warning to the Iraqi government regarding its continued dealings with entities that Washington considers to be involved in i*****l activities, placing Baghdad before difficult choices between protecting its financial and economic interests and complying with international pressures and directives’ Article: ‘Al-Ahly of Iraq signs a strategic agreement with the Ministry of Finance to activate the sovereign guarantees program.’ Quote: ‘This agreement aims to enable Iraqi banks to contribute to providing long-term credit facilities for national projects, through guarantees …This will help reduce financing risks and encourage the private sector and local and international investors to enter the Iraqi market with greater confidence…This step…aims to diversify sources of income, boost non-oil revenues, and enable the banking sector to play a greater role in supporting sustainable development and achieving the national economic vision.’ ______________________________________________________ Pimpy There is a push to go ahead and make the Iraqi dinar a free floating currency. This is good news because you cannot be on a Forex unless it’s floating…However significant reservations exist regarding a full float…It does rely too much on oil. That’s one of the issues that’s really holding up the Iraqi dinar revaluation. People ask me all the time, what do you think Pimpy about the value of the Iraqi dinar. I see it going up in increments. I don’t think it’s going to happen overnight. That’s just my opinion. But that’s if it remains a fixed exchange rate. It’s a total different ballgame if they go ahead and end up free floating the currency and it ends up on the Forex. That’s a whole other ballgame altogether. ______________________________________________________ MilitiaMan Iraq has increased its non – oil revenues from 7% to 12% from 2023 to 2024 and expected to reach 20% by 2026. That may be shy of what we see, as there has been significant increases in the ASYCUDA world system that rose 215% between January 2024 through May 2024 over 2023. Iraq is on the way to reduce oil dependency. There is becoming more and more production of natural gas, expansion of agriculture and minerals that are playing a role in reducing the heavily weighted oil economy. Fnu Lnu We are nowhere near an RV but I believe we will see it one day soon. ______________________________________________________ Walkingstick (KTFA) [Iraqi banking friend Aki update] WALKINGSTICK: Question: ‘Why the delay. Why in the world has it taken so long this year.’ AKI: Many of the politics in our country. You can also say it’s part of our economic issues but those can be resolved with the new exchange rate. It’s mainly the political side because our Prime Minister want it to be kept silent. He says he wants to keep the exchange rate secret because he’s trying to keep it away from parliament. Source : dinarchronicles