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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ I continue to get phenomenal news and am trying hard not to be excited in case this is not “it” yet. But, if they are accurate, then things are very much underway and we will see the fruition of it in the next 4-5 days. I hope it is accurate but I want you to stay calm and grounded right now. But things are coming together in a positive way...The news is over the top good…I’ve never heard it from this many sources before and I have not had this many people that I know in real life go quiet with NDA’s. This is unprecedented for me. I guess this is one reason that I am “calmly excited” This is more of Mark's same old stuff - all hype, no substance...IMO..! RON Frank26 What they are giving the banks we're calling them specimen sheets. The specimen sheets are of high quality...If I was the CBI I would be giving all my banks inside of Iraq specimen sheets of high quality - samples of the lower notes that I'm about to give to the citizens of Iraq...If I was the CBI I would not have these specimen sheets for the citizens... They'd be using them, the bank employees, to learn about the new lower notes and to learn about the security features...These HIGH quality sample sheets are only for the bank employees... Pimpy Everybody is getting hyped up about Jamie Dimon and JP Morgan being over there in Iraq...It's not that big of a deal. It isn't... Sandy Ingram Iraq is getting closer to a currency reset...Iraq's rail plans have investors worldwide watching carefully...The rail connection in Iraq from the Gulf to Europe will change Iraq's economy. This same method of increasing the GDP was recently used by Mexico when they built a connecting rail system...Mexico's exchange rate increased against the US dollar and now Americans are spending more money to live in Mexico...This is one of the major paths that can lead to a higher GDP and a higher value in the currency. The project is set to start in early 2025. Fnu Lnu You are in charge of how you wish to pay your taxes. They will either be a 988 tax regimen or a Capitol Gains regimen. It is your decision. There are positives and negatives to each and you must choose what works for you in your situation and how much currency you have to exchange. [NOTE: Always check with your check professional at the appropriate time.]
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 They're going to reinstate it to $3.22 but that was 20 years ago. You think that's fair? No. Especially for the citizens of Iraq. Why do you think they've kept it at 1310. You wanted 1,200 or 1,000 right? ...If I was the CBI I would have locked that 1310 in place because I would much rather come out at $1.30 or something in that range than just $1.00, it's been 20 years. Pimpy Question "What is needed for this investment to be profitable?" What we need for this investment to be profitable - We need them to get back on Forex. We need them to be part of the World Trade Organization. We need them to change the exchange rate, without lopping off the zeros first. Militia Man Releasing them from Chapter VII...it's phenomenal to see...In 2012 we thought this was over because the UN released them from specific things but they never released them from everything. They needed to do something...Now...the push is the World Bank, the seven [largest entities in the world] are pushing them, the UN's giving them Kudos...basically stated it's time Sudani to ask the UN to do this. Sandy Ingram The International Monetary Fund has consistently recommended Iraq develop additional streams of income outside of the oil industry. Iraq holds a significant amount of the world's history within its borders...What is needed is security and safety for travelers. Once safety issues are addressed, and the Euphrates and Tigris Rivers are flowing again, there will be substantial annual revenue to help boost Iraq's GDP. Nader From The Mid East Some people comes out and go, 'Hey, the dinar is going to be $7.00 or $8.00..' bullshit like that. I don't know where they get the information from. If it goes 1 to 1 I'll be happy...The second thing, when they come out and they go, 'The back screens.' What back screens? Why you not showing the back screens? Who's telling you about back screens? Other people go, 'Iraq the exchange rate is internal and external. What the hell you saying. It's crazy. You know they're not going to come out and say, 'We're going to change the exchange rate but only in Iraq.' ...Then banks...the numbers don't work like that. It doesn't work at $7 or $8 or $11...Be reasonable. $2.80 or $3.50 maximum like it used to be... Frank26 [Iraq boots-on-the-ground report] FIREFLY: A guy comes on TV and he talks to us about how the end of the Untied Nations mission official has removed all sanctions from Iraq...Hope this is true..!
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat ...the hot topic in the CBI, as my contact told me...is that the CBI is working towards getting the parallel black market rate in check with the “official” CBI rate of the dinar. I asked my contact why the past plan to end this crisis has not yet ended it? I was told it is taking more than expected for the measures underway to take hold, but that they will eventually end the crisis and the rate will come down. [post 1 of 2 Reposted ] Mnt Goat I then asked about the “basket of currencies” we been hearing about to re-peg the dinar. I was told this is coming but they can’t peg the current in-country rate until they resolve the parallel market crisis and move to FOREX. This is exactly what I wanted and needed to hear. This falls directly in-line with the 2011 Dr. Shabibi plan I have talked so much about already. So all is very good in my eyes as far as this process goes. [post 2 of 2] MarkZ Article: “US dollar exchange rate drops in Baghdad and Erbil” Iraq is going to be forced to pull that trigger sooner rather than later. This is a good sign for us and is going to force them to push forward with a value change. They want to be pegged to a basket to realize their full value. Pimpy Iraq has a few more things they really have to fix. Taxation [and] their tax system in general. In addition to that they have to learn how to balance a budget...Balancing their budget, fixing their tax system would go a long ways in Iraq.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Wikipedia quote "The deletion of the zeros is known as a redenomination. Redenomination itself is considered symbolic as it does not have any impact on the country's exchange rate." Let me repeat this, it does not have any impact on the country's exchange rate... MarkZ Question: Has anyone verified the rate of $2.40 from the bank story from last night? Mark: Not yet…but a number of bankers are telling me that is exactly the rate they are seeing on screens right now. From $2.38 to $2.40 *** It would be wonderful - IF it were true, but this is from the drunken rumor mill. Walkingstick At any time of notice, the next step in the monetary reform will be very quickly - at a moments notice, IMO. Frank26 Is there a lot of dinars out there? NO. The CBI doesn't sell dinars anymore. They stopped about 6 years ago. The demand is great now, look at Davos. So as soon as it floats in the basket the supply and demand is going to move that rate very quickly...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy The best suggestion I would make when it comes to this is get a tax expert that can help you with this. Let them tell you what you can do to help reduce the amount of money you owe based on the amount you get when you swap your currencies. When you swap your Iraqi Dinar for US dollar if the exchange rate gets up there to a level you like you're going to have to pay capital gains taxes on it... [Note: Some gurus feel it will be/could be taxed as ordinary income. Consult your tax expert to determine what's right for you.] Nader From The Mid East We told you we're going to switch from dollars to dinar and that happened...They talked about it yesterday and I'm really excited about it. Today they're talking about again about the market and how it's excellent...It's going up slowly. Listen, it's a lot of steps to do. They're working on it. Everyday it's a new step and that's really good. I'm excited about it. I hope everybody getting excited. Don't get too excited though. Keep grounded. Samson Article: "Iraq is preparing to start trading in the Turkish lira and the Emirati dirham" Frank26 on the 15th is when the CBI said the dinar would go international. IMO it already did on January 1, 2024. On the 15th I think it's when they make it official on the boards. That would be good because then it's going to be used in markets. It's going to be used to buy, sell trade. It's going to develop trust, security, stability, value and that's not even the basket...! Pimpy You guys out there think I don't know what I'm talking about because you don't listen. I never said the exchange rate is going to be 12 to 1 in the year 2026. I said the article that talks about the 12 to 11 exchange rate I found it interesting because they're talking about revisiting that in 2026. What I'm curious about is if they're going to finally allow the Iraqi people to have access to that 12 to 1 exchange rate or is it just going to be used for other purposes like it was last time... Walkingstick [Aki - Iraq Bank In US update] Training is complete....They are educating the citizens and answering their questions on the next step of the monetary reform. Once the LDs are announced the exchange rate inside of Iraq will move quickly. Citizens want this and they will play a part in adding value to the currency...Iraqis are starting to come into the banks here in the United State asking us questions. MarkZ Article: “Iran backs Iraqi call to end presence of US led forces” Many around the world are pushing this…it is one of the key pieces for us…the removal date appears to be imminent... Flash back to an interview that Donald Trump did…he said to get us out-we will be gone as soon as they pay us. It looks like we are leaving…so what does that tell you? Militia Man Developing the market for the banking sector is huge because look, the ISX shows that their index has been up about 52% in 2023...Why is that if Iraq is just status quo and it's just blah...? It's not. Frank26 The electronic platforms are being established through Visa and MasterCard for the citizens of Iraq in order to be able to transfer money in and out of their country because the float is about to start. The dollar is going down and the dinar is going up. Today you saw a third change 135,000 to 100 USD. It's going in the right direction and it's moving fast...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy You'll see changes IMO after the end of the 1st quarter of this year. I might be wrong on that but I'm anticipating. With all the trading they're doing, the fact that they got rid of the dollar, that is going to cause the Iraqi dinar to increase in value to the point where they might have to change the exchange rate...But any major major changes like 12 to 1 that's not small. That's a big change in the exchange rate. MarkZ ...on the group side I am hearing very positive things. They are specifically looking at dates between the 9th and the 14th of this month. This does give us a range to look at... Militia Man Article: "URGENT: The Baghdad Stock Exchange operates on the “NASDAQ” system, and foreigners and banks have become more investors" This is a very good sign that Iraq is opening to the world...Take notice of what they say about what currency the shares will be denominated in.. The Iraqi dinar. Take even more notice that they are telling the world that the shares will be affected by the exchange rate. With the expectation of a rate change to be stronger than the dollar one could imagine the impact that is already having and how much more growth there will be. This is a very good sign of things to come. I am so ready...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Question: "Is Iraq part of any currency basket?" No...They have not been invited to be part of any currency basket. Iraq is part of the currency basket that makes up the Arab accounting dinar but that's local, regional...There are no other currency baskets, I mean zero, that Iraq is part of at all. Nothing in trade. Nothing in business. Nothing internationally. That don't have stable currency. And NOW, for some of Mark's MarkZ The rumors are through the roof. From Iraq especially…that they have expectations for the next 48 hours and before the 20th. I do not know if it will happen on the 20th…but I do feel it will happen within the next few weeks. Banking contacts are all looking at the next 36/48 hours… We really are close...lets see what happens. But everyone stay grounded. You all know it’s inevitable. It’s a “when” and not an “if”...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Yada Contracts are signed, central banks are in sync to receive the new rate, and Iraq is staging a release unprecedent in history past. ...Because of what they've done and releasing, this is a sure thing...the facts of readiness have never been achieved until now, and the World event is about to be seen. MarkZ Question: Will the RV be announced to the public? Answer: Yes but they not use the same terminology (like RV or Revaluation) that you and I use. They will most likely call it a “financial reset” or a “sound money act” or something like that. This will let us know they have gone asset backed and have new bills …you will see it all over the news. If you are paying attention…you will know what it is.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "An upcoming visit of an Iraqi government delegation to America to discuss the issue of the exchange rate" Quote: "there are fears of a further decline in the value of the dinar," noting that there is a vision among the leaders of the coordination framework and the state administration as well to send a delegation representing the Iraqi government to discuss this issue with the US Federal Bank and discuss with it threats and risks and present proposals to address the situation." MarkZ I have been told by at least 3 different contacts to expect a very fruitful week...A number of sources think that this week will see our release? We shall see. I am hopeful but do not know the timing. The same old story - I heard, but we'll see. Nothing new here.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Paulette Question: "Has there been any word on the HCL possibly being resolved yet?" I have not seen anything on the HCL for years, only the Oil and Gas Law between Baghdad and Kurdistan. Did you not see that they finalized agreement and signed MOU's...?? This will be the final basis for the Oil and Gas Law!! DONE!! DONE!! DONE!! MarkZ They told us [Who is "they" Mark] they are at least going 1 to 1 as a bare minimum. I still expect considerably higher. (wishful thinking...IMHO..!)
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ Article: “Deleting the 3 zero project” The project still exists and is being discussed. This does not mean they take the 3 zeros off the notes (that's only one theory - many believe it will be off the exchange rate.)…It means they break out the lower denominations and they won’t need the 3 zero notes any more. This means they are revaluing the currency. Seeing this back in the news is a good thing. Nader From The Mid East The dinar it's going to go up the end of this week or beginning of next week. It's going to be 1700...if you look at the dinar internationally it's going down...Biden Administration is punishing Iraq because they paid Iran with the dollars...14 banks has been punished from Iraq. Otherwise the rate would be change already. We'll be 1000 already. [NOTE: "going up" in this instance is bad for dinar investors...we want that number to go down.] Frank26 [Iraq boots-on-the-ground report] FIREFLY: Chatter from the street now is to remove Alaq from the CBI. He's not doing his job just like the parliament members have asked Sudani to remove Alaq. All this talk is in the streets. FRANK: Alaq...is only a figurehead...He listens to the board of directors of the CBI...to say exactly what they want him to say. MarkZ ...with the chatter from the Iraqi front…that they were given 72 hours deadline to deal with the change in price after yesterday’s protests (says who...Mark..?) …that fits in with everything I am hearing. So watch between tonight and Monday night.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Al-Sudani: We are in the process of preparing the second round of urban projects and preparing them for investment" Quote: "The development path project will transform Iraq into a country open to the world..." Frank26 Back in October of last year I said there would be IMO possibly 3 rate changes. I don't know what they're doing but they're pairing the Iraqi dinar with many currencies around the world and that pairing is bringing the Iraqi dinar on an international stage, not fully accepted yet, but greatly appreciated... RVAlready IMO we now wait on one guy, Alaq, at the CBI. This is in his hands now...the RV is completely his responsibility...The RV in Iraq does not require anything. Alaq revalues the Dinar and releases the lower denoms. Nothing to do with the budget...I think we will see this very soon. I think everyone wants the RV before Aug 1.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 The new exchange rate and the budget will probably come out together. Kaperoni Q? : Can the Iraqi dinar go up in value? Of course it can but it will never go up significantly overnight. If they decide to raise it, it will go up gradually over months and years. Iraq could never handle an overnight RV not to mention the expense. MarkZ Rumor...from someone on the street that it is accurate...we heard that the rate changed from 1 - 1300 to 1-1132. That's a massive change, especially since we've been told for about 6 months to expect one more rate change for de-dollarization and then "BAM" we get the big one. So, it appears that they have made that move...the CBI is still showing 1300 so that's the part that has me confused right now...I will look for the concrete proof of that. I posted this because it will become a topic of discussion. In an earlier quote the article misprinted 1132 for one of the CBI rates of 1302. Here's the article: Article Quote: "The parallel price means the exchange rate of the dollar in the market...and not the official rate set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers." Following is the official CBI website: Note that: The price of selling amounts of documentary credits and international settlements for electronic cards is ( 1305 ) dinars per dollar. The selling price of remittances abroad is ( 1310 ) dinars per dollar. The cash selling price is ( 1310 ) dinars per dollar. Walkingstick Things are happening. Interesting enough they are not putting out articles fast enough. There's things...that are not even in articles that are rather important... Frank26 Article: "Al-Tamimi: The oil and gas law needs to include the decisions of the Federal Court" THE HCL IS THE KEY TO THE NEW EXCHANGE RATE & TO THE 2023 BUDGET. Nader From The Mid East All the banks of Iraq demands strength of the dinar against the dollar. Pimpy I know there's a lot of chitter-chatter going on about all the things that are going on with the Iraq bank. I get it. I understand that. But just understand there's changes happening that Iraq wants to do more to make sure funds are available for projects...personal loans....for people who want to start businesses. This all helps the Iraqi economy grow. Doesn't mean much at the moment. It depends on how many people come in and are successful with taking out a loan and being able to do something with the money they take out.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick Question: "What is the next step of monetary reform?" It depends on the exchange rate. If the budget comes out and it's 1300 to 1 the next step is to change that rate because 1300 to 1 was only to be used to carry it over into a budget...The workings of the budget cannot exist at 1300 to 1. Absolutely not. Pimpy People are going ape crazy about what the new exchange rate is going be. They told you already that they're not going to do anything with the exchange rate until 2025. Having said that, is it possible something could change between now and then that would have them either reduce or increase the value of the dinar? Of course there are. We've seen that happen... Frank26 The CBI tells all of its banks you have to open branches in the largest cities we have. What a better way to advertise the new national currency and the new exchange rate in these big cities. No sense in going to the little city, you're not going to get that much information to spread. Go to the big cities it'll spread very quickly and we'll let every citizen know with the app on the phones we game them...Build banks in all the largest cities of Iraq? I guess they have some kind of a big announcement or a big project or some big service that they're about to offer the citizens of Iraq. Fascinating... And now for some of Mark's off-the-wall remarks: MarkZ What I am hearing out of Iraq on the budget is the president has it – he signed it and it will be announced tomorrow in the Gazette and in the mosques. This is a big one...The Rumor from Iraqi financial circles…Is that they do plan on starting a float this weekend of about $1.00 and float to see what kind of stability it has before they pull the trigger for the rest of the world, and for us. So this will start “in-country only”...We are already seeing the numbers move. The official rate is around 1310 but it is showing in the markets at considerable better. This shows they are positioning for an immediate roll-out over the next few days. ...they are moving forward and moving forward quickly. If, and when, they pull the trigger to increase the value of the IQD, it will happen suddenly and be a single rate ... in-country & world-wide..! Mark is blowing smoke again..! RON
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON 5-20-2023 Newshound Guru Pimpy People are trying to figure out whether the Iraqi dinar is floating, pegged, what are these terms, what does it mean? ..Iraq is a fixed (pegged) currency. It's not a float. It's not a dirty float. It's not floating at all...It's 1320 dinar for every 1 US dollar. They're pegged to the U.S. dollar...It's not floating in country. It's not floating out of country. There's no two exchange rates. Let's go through what these are...[Post 1 of 2] Pimpy A floating exchange rate is a type of exchange rate regime wherein a country's value is allowed to freely fluctuate according to the Foreign Exchange Market...Iraq is not allowed to play with the big boys - not yet...Until Forex recognizes Iraqi dinar...they're not going to be a floating exchange rate...a Pegged exchange rate system is a currency system in which governments try to maintain their currency value consistent against a specific currency...The Iraqi dinar is pegged to the US dollar. So it's fixed...A dirty float is when...it will freely fluctuate but if it gets out of whack the government interferes... [Post 2 of 2] Frank26 The budget they say they will supposedly have it done by today, Saturday. Now they're saying, well maybe the early part of next week. I don't care. I sincerely do not because the new exchange rate does not wait for anything. The budget waits for the new exchange rate. Why isn't the new exchange rate out? yada A lot of moving parts that are coordinated. The budget is to be voted on today [Saturday]. The rate release almost simultaneously, IMO. The debit and credit cards were shut down on Thursday for a couple of days, and many believe it was to readjust the rate with the CBI... MarkZ Article: “Iraq builds social security system to protect workers” They are building long term infrastructure. They are behaving as if they were 100% ready to go. The latest I am hearing in Iraq they expect the budget announcement on Sunday now. I am still of the belief that it is done. .... They are negotiating each contract with contractors separately right now and rates are fluctuating. And just how do you know this Mark..? To me this means we are in a float. Because of what contractors are telling me – I know we are close... We have never, ever been this close before...My contacts in Iraq have a lot of expectations for this weekend.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Fleming Iraq has a date and a rate according to contacts...watch for the announcement of the new Iraqi Parliament which is now in formation in the background ready to go... Within a few days of selecting a new Parliament there will be new global forex rate for the IQD announced. Iraq has the new Parliament ready now so it won't be much longer. Once that new Parliament comes it will be within a few days that they announce the new rate...it's very close. *** *** Samson Article: "Riyan” accounts for the Iraqi state.. Oil continued to contribute 96% for the third month" Quote: "non-oil revenues amounted to 3 trillion and 163 billion and 857 million and 400 thousand and 641 dinars, which constitutes 4% of the total revenues." -
Luigi says... Unable to confirm this rumor. I'm part of the General 64 Group or WF Group. I never got notified. It may be another old recycled rumor with only the date changed. Do treat as a rumor. Not varified. Your opine. RV/INTELLIGENCE ALERT – March 19, 2018 One source claims the RV was completed in Reno as of last night. All groups waiting in Reno were rumored to have exchanged including the Admiral. The Admiral was told his RV funds would be available this morning. The Yuan Oil-Gold Futures begins trading next Monday, a week from now. If recent rumors prove to be true, the major correction in the stock market will happen sometime this week. Another source claims the UST will announce the gold-standard next Monday, same day as the Yuan Oil-Gold Futures. This means GESARA would have to be announced next Monday which puts the RV timing some time this week before the major correction.
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from another source... Guru chattels wants to know when the budget becomes law. Any rumors or articles to verify? 2-8-2015 Newshound Guru Chattels [...where does the budget business stand?] a real mystery to me...Parliament says they sent it to the Prez, but the Office of the President says not received? ...it makes me think that the budget is not "revealed" because there is real significance to the ratification of the budget this time. the constitution talks in terms of 15 days after receipt then it is automatic, but the constitution is silent as to a budget passed and sent, but not received...it becomes a question of when does the 15 days begin? "Such laws are considered ratified after fifteen days from the date of receipt by the President." what happens if there is not a "receipt"?
