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š¦ RV Status in Iraq: Whatās Left for the Big Signal? , PART. 3š®š¶š°āØ
The news keeps rolling ināand weāre still watching the key issues the US wants resolved before the Iraqi dinar can move forward. Letās catch up on theĀ Iranian militia expulsionĀ andĀ currency market struggles, plus some promising financial updates!
š¹Ā US Blocks Vote to Expel Iranian Militias
Former Deputy PM Bahaa al-Araji revealed that the US pressured Iraqi parliament to block the vote on expelling Iranian-backed militias. The US says it wonāt fully withdraw troops but will just reduce their numbers. The takeaway? The US wants Iraq to be independent, but Iranian militias on Iraqi soil donāt help that causeāand the US must approve any dinar reinstatement, not Iran.
š¹Ā Dollar Exchange Rate Drama Continues
Despite government efforts, the dollarās price against the dinar keeps jumpingāhitting over 140,000 dinars per $100 in Baghdad and Erbil markets. Why? Black market demand, smuggling, and customs complications.
The real fix:Ā Stop pegging the dinar solely to the US dollar! Iraq sells oil in dollars and pays importers in dollars, fueling demand. Until Iraq breaks that dollar peg and clamps down on black market dollar sales, this rollercoaster will continue. Even an idiot can see itās time for change! š
š¹Ā Banking Reforms & Currency Collection Deadlines
Ten private banks have until August 31 to meet international reform standardsāno extensions expected. As for getting back the 80% of dinars hoarded outside the banking system, thatās a tougher problem. Without offering a rate better than the dollar, itās hard to bring those funds back. Still, the Central Bank is working on reforms steadily.
š¹Ā PMF Bill Suspended Amid US Threats
Iraqās Prime Minister disclosed Washington warned that if the Popular Mobilization Forces (PMF) bill passes, US forces may target 16 militia bases. So the bill was suspended, and instead, guidelines will be issued to address issues from the 2016 law. The US is keeping a close eye.
š¹Ā No Dinar Devaluation Coming
Some economists suggest the dinar should be devalued due to oil price drops, but the Central Bank has plenty of reserves and no need to borrow. Devaluation is a last resortāand Iraq isnāt in crisis now. Keep calm! š
š¹Ā $500 Billion Stolen Funds Could Return!
Incredible news: up to $500 billion stolen from Iraq might be recovered from foreign entities. Even a partial return would massively boost Iraqās reservesāpotentially half a trillion dollars! This could finally back the dinar fully, accelerate development projects, and open the door to repegging the dinar to a basket of currencies instead of just the dollar. WOW! š
š¹Ā Prophecies Say the Chaos Is Ending Soon
Recent spiritual prophecies hint that this turbulent period is close to endingāespecially as US indictments roll out in coming months. Remember: what was stolen will be returned sevenfold. šāØ
Summary:
The battle continues on many frontsāmilitias, currency markets, banking reforms, and financial recovery. But progress is being made. Keep watching, because once these issues clear, the road to the RV could accelerate fast!
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