News, Rumors and Opinions Sunday 8-18-19
RV/INTELLIGENCE ALERT - August 18, 2019
(Disclaimer: The following is an overview of the current situation of the world based on intelligence received from several sources which may or may not be accurate or truthful.)
No significant geopolitical events have occurred recently except for the bombing in Iraq.
The bombing in Iraq is currently being investigated, further information on this matter is yet to be released.
According to sources at this time, the RV is expected to begin sometime next week.
Redemption funds will be withheld until the New (Gold-Backed) Financial System is implemented.
A specific amount of funds will be available to the redeemer to use during the transition which will be fiat currency assigned to gold certificates.
The New (Gold-Backed) Financial System will be fully implemented once all countries return to the gold standard.
The US will be the first country to return the gold standard setting an example for the rest of the world.
All fiat currency will be exchanged for gold backed currency once your country transitions to the gold standard.
Courtesy of Dinar Guru:
Newshound/Intel Guru Dinar Investor – Jeff: You're not going to see anything until...the second half of September... Remember last week they came into monies.
They said they were adding 170 billion dinar to the '19 budget for reconstruction for Baghdad only and then also...the Kurds told them that they were going to release the Kuwait reconstruction money...to Baghdad. ...
You have to look at accounting periods because this is the movement of a large amount of money. So the fact that they came into all this money in the middle of Q-3...that money is for Q-4...they have to walk into Q-4 with that money...Your target is Q-3 in this.
This article is confirming we are looking really good. IMO.
NWMontana: Great story from IRAQ~ 'People who love life and music' - dance parties return to Baghdad~ https://uk.reuters.com/article/uk-iraq-culture-riot-gear/people-who-love-life-and-music-dance-parties-return-to-baghdad-idUKKCN1V80CD?rpc=401&
Tishwash: From Erbil to Baghdad .. Oil and budget!
The deputy of the Patriotic Union of Kurdistan, Bakhtiar Shaways, on Sunday, the two most important files to be carried by the delegation of the Kurdistan Regional Government of Iraq to Baghdad, which will visit in the coming days.
Shaways told RT that "the two main files are, the oil differences between Baghdad and Erbil, and the draft budget 2020," noting that "work is continuing to calm and agree and find an appropriate solution to these two files and other files, because the two parties agreed earlier to settle the differences rather than deepen them."
He added: "In the coming days before us a round of negotiations and the Kurdish delegation will visit Baghdad in order to reach a solution to the differences, and I think that the views between the parties are close."
Source: RT link
Tishwash: Iran agrees to make 5 ports with Kurdistan international
Iran has formally agreed to make five international trade and tourism outlets, the deputy governor of Halabja in the Kurdistan region, Kawa Ali Karim, said on Sunday.
Ali Karim said in a press statement that "Iran has formally agreed to make the outlets (Kelly, Shoshmi, Tawila, Sheikh Saleh, and various) international trade and tourism outlets," noting that "it is scheduled that the Iraqi and Iranian sides will soon hold a joint meeting on this file" .
The statement added, "The Presidency of the Republic of Iran issued a formal decision on the tenth of this month, which formally agreed to make a number of joint outlets with the Kurdistan region international."
He continued, "The next step is to convey this approval to the relevant authorities in Iraq and the border outlets, as the final decision is the central government in Iraq and Iran."
The Kurdish official, that "the authorities in the region held earlier this month a meeting with an Iranian delegation in which I talked with them in this regard, and the Government of Tehran decided to approve the proposal." link
Samson: This is the history of the currency in Iran .. Why Tehran will delete the zeros from its banknotes?
17th August, 2019
Decades ago the governments of many countries have benefited from the benefits of the deletion of zeros from their local currencies, to facilitate use among people and reduce printing costs and control inflation and strengthen the local currency position among nations. After rounds of negotiations over the years, the Iranian government approved a proposal by the central bank in January this year to remove the four zeros from the local currency, and the proposal was submitted to the Iranian parliament for approval.
Since the reign of the Achaemenids to date, more than 50 different currency types have been used in Iran, such as the Achaemenid Drake, the Dirham, the Sassanian dinar, the Shah, the Abbasid Safavid, the Toman and the Qajar Koran to the current rial and dinar.
According to the first article of the banking monetary law adopted since 1972 in Iran, the official currency of the country is the Iranian rial, which was replaced by the Toman in the Pahlavi state in 1929 and continued to this day, where one riyal consists of one hundred dinars. Although the name of the currency has changed to the riyal, the Iranian people still call their currency "Toman" in their purchasing business.
The use of the riyal name is limited to banks and official institutions in Iran. But according to the central bank's plan, the toman would become the official currency of Iran as an alternative to the rial. Four zeros will be deleted from the official currency.
Toman Original currency
The Toman will become the original currency of Iran, while the riyal remains the sub-currency, each 100 riyals constitute one toman. For its part, the Central Bank announced the start of the process of collecting used money and exchange of new money within 24 months after the approval of Parliament.
"The value of the Iranian national currency has fallen by 3,500 times since 1971, and the exchange rate of the Iranian riyal against foreign currencies (the dollar) is 0.000008 and we need to fix the appearance of the currency and improve the riyal relationship," Central Bank of Iran (NBI) President Nasser Hemmati said in August. In dollars." He added that there are currently seven billion banknotes in the country, but the number will fall to three billion after the exchange of the riyal Altoman. This will facilitate trade and exchange between people and reduce the cost of printing money.
Opinions about the new plan were divided between loyal and opposition until the issue became controversial in Iran, and in the opinion of opponents, the government's pursuit in this regard is a waste of time and effort only. In their view, it is more feasible at this stage for the government to focus on reforming the country's economic system and reducing inflation, which has reached 40%, while the economic growth rate is 5%. Similar experience in other countries shows that monetary change only achieves its objectives and desired results when economic stability is achieved.
Otherwise, this would constitute a heavy financial burden on the economy and the government, especially since the government is currently suffering from budget deficits, economic instability, high inflation and economic sanctions.
On the other hand, supporters believe that the most important features of the plan is to give the currency its real value, as the exchange rate of one dollar at the beginning of the revolution (1979) in Iran reached 70 riyals, while the price now reached about 120 thousand riyals this year.
The plan is characterized by it reduces the size of banknotes and facilitates transactions and reduces the storage and maintenance space and keeps the banknotes better, and facilitates the process of carrying and transport, and reduces the psychological effects of inflation, and raise the currency between countries, and save time for people and banks at the same time, according to supporters .
Inflation and other things
Says Ali religious Turkmen professor at Tehran University and a faculty member at the Institute for Studies and Research business in his speech to the island "took this decision as a result of continuous inflation years now, which contributed zooms in numbers."
He pointed out that the key elements of currency stability and control of inflation are not achieved when changing the currency and deleting zeros, Turkey has a similar experience in the deletion of six zeros from its currency in 2005, but the plan would not have benefited the Turkish economy without Turkey's involvement in the European market and attract head Foreign money and the correct management of the economy.
He also said that this plan will not affect the purchasing power or people's property, and that the deletion of zeros will include money and goods at the same time, for example, the price of bread will become Tomanin instead of 20,000 riyals.
Similarly, for foreign trade or foreign exchange transactions, prices will remain the same, and the purchasing power of foreign currencies will remain unchanged with the new toman, he said. Thus, changing the currency and deleting its zeros is a double-edged sword for the Iranian economy.
The success of the plan depends on the government's parallel economic reforms, to safely pass the thorny economic entitlement, otherwise it will plunge into inflation again if it continues to deal with the economy with the old system and the same mentality adopted four decades ago, observers say. LINK
Samson: Babylon breaks official working hours next Tuesday
Babylon Council announced the disruption of official working hours for all departments except service on the occasion of Eid al-Ghadeer.
The Chairman of the Council of Babylon Raad al-Jubouri in a press statement, "The Council decided to activate an earlier decision to consider the day of Ghadir as an official holiday every year to give an opportunity for citizens to perform his ceremony."
He added that the holiday is for all governmental and private institutions except for service and security.
Samson: Five governorates will be closed on Tuesday
Five provinces announced on Sunday the suspension of official working hours on Tuesday for Eid al-Ghadeer.
A source in the Council of the province of Dhi Qar, told (Euphrates News), "The Council decided to disable the official work on Tuesday on the occasion of Eid al-Ghadeer."
A source in the Council of Basra, told (Euphrates News), "to disable official working in the province of Basra for the same occasion," noting that "the holiday includes all departments except security and health." Wasit provincial council officially announced the suspension of working hours on Tuesday on the occasion of Eid al-Ghadeer.
A source in the Council of Maysan, told (Euphrates News), to disable the official working in the province on Tuesday for the same occasion. LINK