I should have clarified that more regarding the legal basis. September 30 ends the program rate legally. October 1 through October 14 is the window where the Ministry of Finance builds the 2027 budget using the new valuation methodology one backed by oil, gas, and gold reserves instead of the artificial peg. October 15, they submit that budget to Parliament.
The budget submission is the first time the new rate appears on paper in an official government document. That's a filing. Once that budget goes to Parliament with a market-reflective rate, the dinar is functionally revalued at the domestic level. International recognition follows as forex integration comes online through the infrastructure CBI already confirmed is in place.
This comes off the announcement by The Ministry of Finance in Iraq how declared September 30th to be financial sovereignty day.
No more SEC roadblocks. For years, the SEC has been the gatekeeper of the old financial system, making sure only the elite could play in the big leagues. Now? They’re stepping aside and letting the new system take over.
"Financial sovereignty" specifically means termination of the IMF Article XIV consultation status and the end of the U.S. Treasury's OFAC supervised "program rate" mechanism.
Once sovereignty is declared, the CBI is no longer legally bound to the artificial peg maintained for war reparations and debt restructuring.
Now with this recent development I can understand how that can occur not only for Iraq but other countries as well.
DTCC's October launch on Ripple provides the plumbing for instant settlement of IQD-denominated oil contracts.
Previously, the artificial rate was maintained to prevent dollar-denominated oil revenues from being instantly converted to dinars at a true market rate (which would have exposed the undervaluation).
The "program rate" was a scam. For years, the Deep State and their bankster buddies kept the Dinar artificially low so they could buy it cheap and control Iraq’s oil. Now? That scam is over.
The real value is about to be revealed. When Iraq declares financial sovereignty, they’re free to set their own exchange rate. That means the real value of the Dinar backed by oil, gold, and Iraq’s natural resources is about to be unleashed.
I can confirm most of what was on the Bruce post above. Just not the dates.
The EBS will not be as dramatic as has been made out.
Trump secured Greenland.
Trump kicked the MSM out of the White House (more to come). He's getting ready for something.
Trump showed that the democrats and Wray plotted to assassinate him in Butler.
The Iraqi PM is visiting Washington on Wednesday.
The Broker was told he will be liquid "very, very soon" (think weekend).
There is a "better than 50% chance" something will pop this weekend (Bond/Numismatic/Exotics payouts/RV Announcements are all possibilities)
IMF/BIS had a very important meeting Thursday. It was short and went "extremely well." Release was authorized for Monday. I don't know what "release" means exactly.