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Found 15 results

  1. Here's some articles of Dinarian interests... -IMF Discusses Strengthening Iraq Dinar. -A Date Set For Submitting The Budget Tables. -HCL Dispute Resolved. Kurds To Get Paid. Treat as rumors. Not verified. Your opine. TNT via Tishwash: IMF Discusses Strengthening The Iraqi Dinar. ARTICLE: Iraq's delegation concluded its meetings with the International Monetary Fund (IMF) in Amman (February 24-26), with participants including Minister of Finance Taif Sami & the Gov of the Central Bank of Iraq (CBI). Discussions focused on Iraq's economic performance & sustainable growth prospects, with the IMF acknowledging the progress made. Key Discussions Included: -Non-oil GDP growth of 5% in 2024, driven by agriculture expansion & increased public spending, with 3.5% growth expected in 2025. -Reduced dependence on oil revenues, improving economic diversification & stability. -Review of actual 2024 expenditures and 2025 revenue forecasts, alongside strategies for deficit financing. -Public debt strategy update, ensuring fiscal sustainability & investor confidence in government bonds. -Financial sector reforms, with the IMF stressing the importance of banking modernization to attract foreign capital. -Expanded collaboration with international correspondent banks to facilitate trade financing. -Increased use of the Iraqi Dinar in major transactions to strengthen the national currency. The IMF reaffirmed its support for Iraq's financial policy development, offering advisors & experts to assist the Ministry of Finance in public debt management & tax system improvements. The meetings underscored Iraq's commitment to fiscal reforms, promoting economic stability & investment-friendly policies, in line with its strategic partnership with the IMF. -Tishwash: A Date Has Been Set For Submitting The Budget Tables To Parliament. Deputy Chair of the Parliamentary Finance Committee, Ikhlas al-Dulaimi, ruled out the government's submission of Budget Schedules within the next two months on Wednesday, while confirming that the 2025 Budget amounts to 216 trillion Iraqi Dinars. Al-Dulaimi said, "The Ministry of Finance has not yet sent the 2025 Budget Tables to the Council of Ministers, even though they were supposed to be sent in October 2024, in accordance with the Financial Management Law, for approval before the start of the new year." She added, "The total Budget amount is 216 trillion Dinars, while actual spending is estimated at about 160 trillion Dinars." Al-Dulaimi ruled out "sending the tables to the House of Representatives within the next two months," noting that "the Ministry of Finance has not yet completed their preparation, which could lead to the postponement of Budget approval until AFTER the 2025 elections." Last February, the Iraqi Parliament voted on the draft law amending the 1st law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023. -Tishwash: Kurdistan Region Confirms Oil Sales Through SOMO: We Will Give Our Money To Baghdad. The Kurdistan Regional Government (KRG) on Wednesday affirmed the region's firm position to implement an amendment to the Budget Law, allowing the region's oil to be exported & sold through SOMO, with the proceeds returned to the federal Ministry of Finance. A statement issued by the Kurdistan Regional Government's Council of Ministers, seen by Al-Eqtisad News, said, "The President of the Council, Masrour Barzani, held a meeting attended by his deputy, Qubad Talabani, during which the PM instructed the Ministry of Finance & Economy to prepare a schedule for distributing salaries to Kurdistan Region employees for the month of February, after the deposit of 958 billion Dinars into the ministry's account for that month." The Council decided to begin distributing salaries starting tomorrow. All ministries & institutions were also tasked with preparing March payrolls as soon as possible & sending them to the Federal Ministry of Finance, with the goal of disbursing them before the Eid al-Fitr holiday. The statement confirmed that "in the 1st part of the meeting, Kamal Mohamed Saleh, Acting Minister of Natural Resources, reviewed the latest developments in the joint meetings between the Ministry of Natural Resources & the Federal Ministry of Oil, in the presence of representatives of oil companies." The minister explained the efforts being made to resume the region's oil exports within the framework of the federal Budget Law. The Council of Ministers commended the Ministry of Natural Resources' efforts to accelerate the process of resuming oil exports & its joint work with the Iraqi Ministry of Oil to resolve the obstacles related to the process. The Council also affirmed the "regional government's firm position to implement the amendment to the Budget Law so that the region's oil is exported & sold through SOMO and its revenues are returned to the federal Ministry of Finance." Luigi's two cents worth: The Budget may be delayed until after the 2025 election. This should not have any direct effect on the RV-RI release date & rate. The good news is...the IMF recommends strengthening the Iraqi Dinar. It appears the dispute with the Kurds over getting paid has been resolved. All Kurdish oil will be turned over to Bafhdad. This is the Erbil Agreement or HCL. All good news yet DO keep in mind the RV-RI is a separated action from HCL & the Budget. IMHO.
  2. Here's an article of Dinarian interests... Investment Law To Be Approved This Session. Treat as a rumor. Not verified. Your opine. MntGoat: Investment Law To Be Approved This Session. Article: “PARLIAMENTARY INVESTMENT & DEVELOPMENT: THE INDUSTRIAL INVESTMENT LAW WILL BE APPROVED DURING THIS SESSION” Quote: “…the Industrial Investment Law has completed its 1st & 2nd readings & is ready for a vote in the House of Representatives during the current session…” This Industrial Investment Law goes hand in hand with the revaluation of the Dinar & rebuilding of the economy. You can see it all coming together & 2024 will be explosive…
  3. Here's some articles of Dinarian interests... The RV has started. The bank codes are locked in. Treat as a rumors. Not verified. Your opine. Wolverine: The RV Has Started. ARTICLE: The RV has started… Everyone’s saying that by Tues. 12 Nov...We should have a shotgun start. Everything is going at once. The bankers had a meeting & said that Zurich has already started. The codes were LOCKED in a couple of days ago. Remember Tues. 12 Nov. is when we expect things to roll. Bruce The Goose: Locked & Loaded. ARTICLE: Tier4b (that's us, the Internet Group). Exchanges should start on Tues. 12 Nov. Samson: Electronic Transfers. Article: “Central Bank: Number of users of electronic financial services exceeds 20 million“
  4. Here's some articles of Dinarian interests... Profound Changes Coming On October 22nd. The Good Guys Are About To Change The Economic System. Could this date be the beginning of GESARA & the RV-RI. Treat as a rumors. Not verified. Your opine. MikeCristo8: Profound Changes Coming On October 22nd. ARTICLE: What macro investors don’t understand about the fiat currency collapse. Is there will be no price discovery between the fiat Dollar & a financial asset (stocks-bonds). What I mean by the collapse of the Dollar is you will go to the bank to make a “Dollar” transaction & the bank will tell you we will no longer take your Dollars. It Is Likely That BIG American Banks Will Hold The BRICS Unit As Part Of Their Foreign Currency Reserves. You got the UST shadow bank that will see $100 trillion in foreign Dollar reserves that is unwinding now. These are Dollar for oil reserves unwinding. No one understands the profound changes coming on Oct 22nd with the new BRICS global monetary order. For the sake of humanity itself, The world is ready & must leave the US & the Dollar. With Turkey & Iran for sure getting admitted into BRICS. About 70% of the worlds population will be in BRICS. All the nay sayers have a stake in the Dollar not collapsing. Too bad for them. FROM OTHER SOURCES: The Good Guys Are About To Change The Economic System. ARTICLE: Bix begins the conversation talking about the economy. The [CB] are destroying their old system & the good guys are preparing & ready to bring in the new system. Trump said Jamie Dimon endorsed him, he did this on purpose because when the system falls apart Dimon will most likely ask Trump to save him. The system will be moving back to sound money & the constitution, the control of the creation of currency will taken away from the [CB]. It will be bumpy so buckle up & get prepared.
  5. Here's an article of Dinarian interests... Who is holding up the RV? Treat as a rumor. Not verified. Your opine. Mnt Goat: Extensive Update. ARTICLE: In a conversation with my CBI contact on Saturday, I was told that if all goes well in the US elections, we can expect to see the preparation gearing to the reinstatement by the start of the project to delete the zeros & the swap out of the larger notes for the smaller denominations. I was told this is now planned to begin shortly after the voting is over & the winners are announced. I was told we might have to wait for the inauguration ceremony to conclude to see the reinstatement occur. I was also told that in reading many of the articles about the project to delete the zeros, that we see in the Iraqi news, to use a bit of discernment. Many of them are negative based, as we can see the Iranian influence in these stories. Many economists also ill-informed & still do not see the big picture or realize the extent of the process & why it must be done. She told me many still don’t even know the newer, lower denominations have been already printed & the coins stamped years ago. This is evident when you read or listen to their commentary. I was also told to watch for yet more articles in the news about the project to delete the zeros but to be aware that ONLY the ones coming from her committee on this subject matter can be trusted. As you know my contact works on the committee from the CBI & it has been given the task of ensuring a smooth process. I was also told that in late November or early December we will see the newer lower denominations & their pictures & features depicted on the CBI site. The ending of the currency auctions at the end of 2024 will also be signal to us that everything is moving correctly & we should see the IQD returned or reinstated back to FOREX in early 2025. I know there is lots of gab out in the Dinar Community & people are already questioning the information given to me from the CBI on this matter. I was told by my contact that this raging war in the middle east, extended to Iraq, could be an issue but so far Iraq is desperately trying to stay neutral. Is Deleting The Zeros Really Going To Happen? Just last week while in New York, the PM Al-Sudani told the world & I quote – “A stable Iraq in a sensitive region is beneficial to the world, which is what we have witnessed since October 7, as Iraq has maintained a great balance & calm & we have kept Iraq away from the arena of conflict.” From this Al-Sudani speech you can also see that he wants Iraq to stay out of this middle eastern conflict with Israel but the Iranian backed politicians keeps trying to pull Iraq into it. Yes, if they did get involved this would be VERY destabilizing for Iraq, something Al-Sudani does not want especially at this time since they have taken these financial reforms so far already & they are so close to the reinstatement. As of you may remember that PM Mohammed Shia al-Sudani came to New York last week to speak the UN General Council Meeting. Later he participated in a dialogue session held in New York after midnight on Wednesday, by the American Chamber of Commerce & Al-Monitor, in the presence of an elite group of investors, businessmen, representatives of American companies & the Iraqi-American Business Council. You might want to read the article titled “HIGHLIGHTS OF THE DIALOGUE SESSION ATTENDED BY AL-SUDANI IN NEW YORK” to get more information about his visit. PM Mohammed Shia al-Sudani confirmed from New York that the currency sale window will close at the end of this year, while revealing the government’s intention to establish a new bank that adopts the latest technologies. PM Mohammed Shia al-Sudani expressed, on Thursday, Iraq’s readiness to enter into a partnership with American companies in the oil industry sector, revealing at the same time his government’s intention to establish a new Iraqi bank. This came during his participation in New York. Really now,,,, can the news get any better? Finally the US is engaging Iraq & seriously taking on partnerships, especially in the energy sector. So we know if the US is invested in Iraq something is up. Who is holding up the RV? It just seems the ones asking the question don’t really want to hear the TRUTH answer. They want a simpler answer, a quick solution to a difficult issue. Let’s explore this today. In yet another article titled “WHY DOES THE US STILL CONTROL EVERY PENNY OF IRAQI OIL REVENUES?” we can now clearly see the corruption of the US upon Iraq. So, to answer this question of who is holding up the RV let’s look at the article. When I finished reading it I asked myself– Yes, why do they, if not for corruption? The facts of why they should no longer control Iraq’s money are outlined clearly in this article. I quote from the article – “Attempts by the UN to restore Iraq’s control over its finances have largely failed. In 2010, UNSC Resolution 1956 demanded the closure of the DFI by no later than 30 June 2011 & the transfer of all proceeds to the Iraqi government.” I am not making this stuff up. You can go read the article yourself. Also I need to point out yet another device the US is using to justify control over their funds thus the currency too, is the Executive Order EO 13303. I know most of you did hear about this EO every May when it come up for renewal. Since the signing of Executive Order 13303 (EO13303) by President George W Bush on 22 May 2003, all revenues from Iraq’s oil sales have been funneled directly into an account at the Federal Reserve Bank of New York. This flow of revenue will continue until this EO is ended. The RV can not & will not happen until this EO ends. EO13303, titled “Protection of the Development Fund for Iraq & Other Property in which Iraq Has an Interest,” has been renewed annually by every US president, including Joe Biden in 2024. This executive order essentially places control over Iraq’s oil revenues under the discretion of the US President, leaving Baghdad with limited control over its resources & earnings. Can it get any clearer that Iraq is not in control of the RV? Why would the US allow the RV to happen which would lead to a stream of income from the trading of the IQD on FOREX, if they want to maintain control over Iraq using blackmail methods to do it, thus using money to do it. Remember “money talks, bullshit walks”. Please read the section in this article on “BLACKMAILING IRAQ”. It will be an eye opener for sure for many of you. That “BLACKMAILING IRAQ” Section is below in red. BLACKMAILING IRAQ. Whenever Washington feels that Iraq is not compliant with US regional goals, these fund transfers can be delayed or reduced. In January 2020, for instance, after the Iraqi Parliament voted to expel US troops following the assassination of Iranian Quds Force General Qasem Soleimani & Iraqi Popular Mobilization Units (PMU) Deputy Commander Abu Mahdi al-Muhandis, the Trump administration threatened to freeze Iraq’s access to its oil revenues. Today, Iraq’s financial situation remains dire. Despite having oil revenues piling up in the Federal Reserve Bank of New York – estimated today at around $120 billion – Iraq is burdened with a growing debt that matches this amount. The country’s inability to control its own funds has prevented long-term reconstruction & development, forcing it to rely on international loans. Ironically, Iraq has also become one of the largest holders of UST bills, with investments totaling $41 billion in 2023. In addition to its economic challenges, Iraq has been drawn into the escalating regional conflict amid the ongoing Gaza war & the intensification of Israel’s aggression against Lebanon. Iraqi resistance forces have actively participated in military strikes against Israeli targets in solidarity with both Palestinian factions & Hezbollah. The involvement of Iraq in this conflict is not isolated. Iraqi factions have routinely targeted US military bases in Iraq & Syria – viewed as illegal foreign forces subjugating Iraq’s sovereignty – contributing to a broader escalation that has drawn in actors from across West Asia. These troops have vowed to continue their campaign against both US & Israeli targets, aligning their actions with the region’s Axis of Resistance. THE UN SHUTTERS DFI, BUT THE US REFUSES TO COMPLY Iraq ceased to be under occupation, at least formally, when it signed the “Strategic Cooperation Framework” agreement with the US in 2008, which says that American forces are present in Iraq only at the request of the Iraqi government. Attempts by the UN to restore Iraq’s control over its finances have largely failed. In 2010, UNSC Resolution 1956 demanded the closure of the DFI by no later than 30 June 2011 & the transfer of all proceeds to the Iraqi government. Despite these clear legal directives, the DFI account remains under US control at the Federal Reserve Bank of New York in defiance of the UN Security Council resolution. Worse yet, enduring US dominance over Iraq’s financial resources has deeply exacerbated the corruption & dysfunction plaguing the country. Ending the work of the UN International Advisory and Monitoring Board of the DFI was one way of obscuring the massive corruption & theft of resources by American & Iraqi actors. The unprecedented corruption that was spread throughout Iraq & its institutions can be laid at the doorstep of this policy. The gargantuan amounts of hard cash that are flown into the country monthly, the unaccounted-for astronomical sums that disappear from various ministries, & the Dollar exchange shops (banks) set up by political groups that thrived alongside the US occupation forces have turned Iraq into one of the most corrupt countries in the world. Iraq’s dependence on the US for access to its own oil revenues, combined with its growing debt has significant impacts on its sovereignty, while its involvement in the regional war also will have implications on its relations with the US. While Iraq may no longer be under formal occupation, the mechanisms of financial control established after the 2003 invasion persist. These controls not only limit Iraq’s economic development but also entangle it in broader geopolitical struggles. Today, both the US Administration of Joe Biden & the Iraqi government led by Mohammad Shia al-Sudani – which has not taken steps to free Iraq’s sovereign funds – can be considered in violation of United Nations Resolution 1956 issued in 2010. This control also includes control over their currency moving back to the currency exchanges. There is no sound legal basis for the hold up, other than the corruption of the US in prolonging the RV in the 1st place. Get it? Most of this corruption would not have taken deep roots if they had let the RV go through in 2012-2013 as planned by Dr Shababi. As I said& many others, the longer they wait for the RV, the harder it is going to be to uproot the corruption. Was this all intentional? Where exactly was a lot of this lost or stolen money going? Did the US politicians get “kickbacks” from Iran the longer they let this go on? Yes, I know this all sounds almost unbelievably corrupt, but I am sorry to say that through Obama & the Biden administrations this scheme did exist. The nuclear deal was just a distraction from the real corruption. Get it? Yet the US again acts as the bully & gets what it wants, even if it circumvents the sovereignty of Iraq. Did the US invade Iraq to free Iraq from the dictatorship of Saddam? It’s been over 20 years already & so where is all this freedom they promised? Remember two points: Having a constitution does no good unless you follow it; Do you see my point here? So, who is in control of the RV? if you can’t see by now that, everything I have been telling you is true & that namely the US through the UST has been holding up the RV, than I give up on you. So, to conclude every piece of forthcoming events told to me by my CBI contact so far have come to pass or are now underway. We have seen the consolidation of banks, the dissolving of some banks & in today’s news we read about the defunding of some. Is this not what the UST is in Iraq to do. We also witnessed many educational articles & videos presented to us, sponsored by the CBI, as we were told would happen. We were told prior to June that June would be the kick off of the process of the 3rd phase of the strategic projects for Financial Reforms & we witnessed the UST then get involved. I Have To Drill This Into Your Mind To Help You Understand What Is Going On In Iraq. Then we were told earlier that the project to delete the zeros, could not occur unless the US Treasury gave its assurances to complete the process once started, which meant to go all the way to the reinstatement (end of process). It could not do this at that time & then the UST finally stepped in & is now more forcefully & aggressively moving these reforms ahead. We seem to see only mostly the banking reforms but they are also working to help recommend procedures & regulations of the Iraqi Stock Market (ISX) & get it back on track too. These are also reforms in case you forgot. According to the UST these reforms are necessary to combat corruption. Just so you remember my contact also told us that Ali Al-Alaq was not leaving the CBI as the director & his resignation was NOT accepted. He really did not want to leave but used this tactic for pressure to get the GOI Finance Committee to listen to him & to appreciate his plan to get to the reinstatement. AL-SUDANI ISSUES BANKING DIRECTIVES, INCLUDING SUSPENDING CAPITAL INCREASES FOR BANKS SUBJECT TO US SANCTIONS A government source revealed, on Thursday, that PM Mohammed Shia al-Sudani issued directives related to financial & banking reforms, including not increasing the capital of banks subject to US sanctions.
  6. Here's an article of Dinarian interests... Treat as a rumor. Not verified. Your opine. Militia Man: PM Sudani Gives One Of Several Speeches Today. ARTICLE: PM Muhammad Shay al Sadani went to New York on Saturday, so he looks like he arrived. Of course, he’s had a subsequent speech today, just as you know. But ultimately he’s gonna have a couple of speeches. I think the first one you noticed probably in, in the news today, & that was with the future summit meeting of the UNGA, the UN General Assembly. I think it’s the 79th session in New York City. So there was going to be, obviously a lot of presidents will participate. What are they going to be talking about? Is strengthening cooperation, facing challenges & affirming commitments. So that’s basically what it sounds like. Sounds like Sudani is going to have a busy agenda. There’s going to be sideline meetings that will probably be ongoing, but I’m not sure exactly how those things pay out. So we’ll just watch the next couple of days for what we can glean from the summit or the assembly meeting & we’ll just go from there. The advisor to al Sudani, stated that the banking system in Iraq is rentier par excellence regardless of ownership, noting that it retails on oil resources & government liquidity directly & indirectly. He stresses that needs of comprehensive reform process to create these market institutions. So obviously, what are they going to do? They’re going to create an environment to go to a market economy. I think they’re probably going to have Ernst & young. I wouldn’t be surprised if they’re talking largely in the next few days about the privatisation of the two largest state banks, but they haven’t done that yet. But they’ve implied they’ve got some things going on. basically what’s happening is going to enable the banking market to be integrated with the international financial & banking system & become attractive to large scale global banks. The PM, Shia al Sadani, announced last Thursday a former formation of a higher committee to deal with the work of iraqi banks in accordance with international & financial requirements, while he was also directing private banks to build balanced relations with financial institutions, Arab banks & investors. So obviously there’s a relationship with these two largest banks of going into a market economy. Al Sudani was in this assembly last year & it was in September, and he was talking about being effectively the saviour of the international financial system. They were subsequently in Davos a few months later. They were talking about restoring confidence to the international financial system. The whole Davos meetings were on restoring confidence & Iraq was a big part of that. Well he has done a lot of achievements. But it’s fascinating that you see the likes of the CBI Gov Alak, as Sudani is in New York, he starts talking & it says here that Alak is stating that we are constantly reviewing the deletion of the zeros from the Dinar & there are no restrictions on our balances in America. So obviously it says that the CBI has reduced reliance on the US Dollar in commercial transactions, according to the Gov of the CBI Ali Alak, Ali Alak adding that the project to remove the zeros in Iraq is under continuous review & study at the bank. It says the CBI has created new mechanisms to cover the accounts of local banks with their senders in other currencies such as the Chinese Yuan, the Indian Rupee the Euro, the UAE, Durham. In addition to the USD, which has reduced reliance on the us currency in commercial transactions for the clients of these banks. As the CBI seeks to withdraw excess liquidity in the economy, that puts pressure on the ER & to prevent the exported currency from growing in undesirable manners. So it’s fascinating to see that he’s back beating the drum about the deletion of the zeroes. It says, what are they going to do? They reduce exposure to external crisis by maintaining liquidity in foreign currency to absorb shocks in times of crisis. If you remember, a while back, significant commentary was coming from the WB about be prepared for shocks, because what’s going to be shocking for some people is to realise that the CBI digital currencies is definitely in the air & it’s probably not going away. CBI has a level of reserves that enables it to achieve this stability & provides with sufficient flexibility to meet the demand for foreign currencies to meet the requirements of the balance of payments & other obligations. They’re talking about imports, etc covering that amount of money. They’re talking about the on the level of foreign reserves adequacy. How much do they have? The foreign reserves of the CBI cover about 83.62% of the broad money supply. It says that is covering the cost of importing 15 months worth of goods, while global standards only 20%, effectively six months. So they’re pushing double, almost triple of what is normal. They have gold reserves, etc. They have the non oil revenues they’re working on in Kurdistan region & They were having meetings in Kurdistan about maximising non oil revenues. The CBI responded to the global economic challenges, such as rising energy & raw material prices, by adjusting some monetary policies in line with international situations to enhance confidence in the iraqi Dinar. Again, they’re still talking about enhanced confidence in iraqi Dinar & prevent a sharp decline in its value. The CBI raised interest rates to counter inflationary pressures resulting from challenges in global prices & domestic demand & issued new instructions to Iraqi banks to control cash liquidity. The CBI has increased its holdings of foreign exchange reserves & gold to strengthen the country’s financial position & financial stability. He goes on to say that this is enhancing the spread of digital banks & online financial services. These activities According to applicable procedures in all currencies except the Dollar. But he says there’s no restrictions on our US accounts taking into account the application of international standards to combat money laundering, terrorist financing in foreign transfers. They’re also looking to address these challenges that we are working to improve & expand our digital infrastructure. In this context, the CBI has initiated the establishment of international electronic payment company to encourage the banking & non banking sectors & public institutions to develop their infrastructure. So basically the CBI is putting out licence controls for digital banks in Iraq. And they started that in May of this year. They’re obviously working towards that end to get everybody up to speed with digital banks. That it’s going to take out some risks & it should be good for combating cybersecurity & things of that nature. So they’re talking about that they agree with the IMF regarding reforming the public finance situation, their policies in achieving its primary goal. The stability of the general price level through controlling liquidity levels. So the CBI is working with the IMF. Question was asked, will removing zeros from the Dinar destabilise the financial situation in Iraq? The process of removing the zeros from a currency means replacing the old currency with a new one. In order to simplify the accounting process between consumers, it is often resorted to by countries that suffer from high inflation & have become unable to deal with paper currencies of very low value. The project to remove the zeroes in Iraq is under continuous review and study at the CBI, taking into consideration the existence of a volume of issued currency that exceeded 100 trillion Dinars after. At one time in 2004, it was 6 trillion this year, following the exchange of the currency that was undesirable & of poor quality. So they’re talking about back in 2004 that they’ve obviously made changes &d they’re just a reflection of how the process works. There’s directing financial resources towards infrastructure & economic development projects & improving the ability to finance development projects. It also would be helpful for reducing pressure on foreign reserves, which has a positive impact on the stability of the currency & the country’s ability to cover its imports & maintain financial economic stability. No restrictions on our balances in America reiterates it. Number of bank cards has increased to about almost 20 million cards, Alak said, adding the project to delete the zeros in Iraq, subject to continuous review & study at the bank. The CBI responded to global economic challenges such as rising energy, raw material prices, amending some monetary policies in line with an international situation to enhance confidence in the Dinar & prevent sharp decline in its value. It says the CBI increased it’s holding in the foreign reserves & gold. Regarding the crisis of rising ER, he explained that the CBI has established new mechanisms to cover the accounts of local banks with their senders in other currencies such as the chinese Yuan, the indian Rupee, the Euro, the Durham, in addition to the Dollar, which has again reduced reliance on the us currency & commercial transactions for customers of these banks. Basically the CBI seeks to withdraw excess liquidity in the economy. Digital banks follow the logic, get rid of the cash economy that puts pressure on the ER & prevent exported currency from growing undesirably. it’s basically talking about CBI is working in cooperation with public & private institutions to organise awareness campaigns aimed at increasing public knowledge of the benefits of using bank cards & electronic payment systems or methods to enhance confidence again in the banking system. He says that there’s a number of bank cards increased in 2023 to 19.75 million cards & the number of bank accounts increased to 13.3 million accounts. He stresses that the bank is working to encourage financial innovation by supporting the development of services such as electronic wallets. That sounds like CBI digital currency is coming or tokenized currency or tokenized monies. Banking applications & opening digital banks & is currently working to launch a national financial inclusion strategy that includes solutions to most of these challenges, in addition to financial awareness programmes targeting various segments of iraqi society. They reiterated again regarding the process of delete the zeros from the currency. He stressed that the process of deleting the zeroes from the currency means replacing a new currency with old currency to simplify the accounting process. So instead of having bags & bags of notes, you’re going to have smaller amounts. Basically, he’s indicating that the project of deleting the zeros in Iraq subject to continuous review, taking into account existence of issued currency volume. it basically is stating the book accounts process the government still suffer from due to the circumstance the country went through. The zeros will benefit them in their monetary reform & they don’t worry about high inflation & all that kind of thing. CBI Gov Alak once again says the activities of sanctioned iraqi banks continue in all currencies except the Dollar. He says that amending some monetary policies in line with international situation to enhance confidence in the iraqi Dinar & prevent a sharp decline in its value. The CBI has increased its holdings of foreign exchange & gold reserves. We already know that foreign exchange reserves are the tool used by all central banks to maintain the stability of the local currency ER against foreign currencies, as well as to reduce the exposure to external crises by maintaining liquidity in foreign currency to absorb shocks. PM Shia al Sadani says we support investments that aim to diversify the economy away from oil. He says the support for investment is aimed at diversifying the economy away from oil, with a focus to provide a better private sector, providing job opportunities. Calling for strengthening international cooperation in the fields, on land, maritime, cybersecurity, outer space security. I thought that was fascinating, to ensure comprehensive security, that one of his talks was at the future summit on the sidelines. What are they doing? They’re just looking at from now through 2028, their whole premise is comprehensive strategic reforms. He gives about ten or eight to ten bullet points. He’s calling for strengthening international cooperation in the areas of land, maritime, cyber, outer space security to ensure comprehensive security. Science & technology are the basis of sustainable development & we are working to transition to that digital economy & provide an integrated database to support decision making. International cooperation is essential to ensure that countries have access to necessary tools, capabilities, benefit from artificial intelligence. This is somewhat new for Iraq, but the bottom line is artificial intelligence is going to be used to some degree in many countries around the world. They’re putting in their regulations, to manage it, to do it with integrity. The Kurdistan Regional oil industry group Apicor, called the continuation of the Erbil Baghdad meetings to resume the export of Kurdistan region’s oil. Because they’re losing about $20 billion in revenue. 20 billion US Dollar in revenue. That’s a lot of money. United Nations General assembly today, it says they’re calling on the legal or the federal government to coordinate with Kurdistan regional government & international companies to resolve the outstanding problems & resume the export of Kurdistan oil as soon as possible. It says that their exports via Turkey may resume by the end of this year. It says the estimated losses caused by the Halton Kurdistan regional exports were at about $20 billion lose. The company is actually expected to come back online & start making about $24 million a month, which is they’ve been punished for not adhering to contracts. So ultimately, the goal is to get these guys back online & up and running & oil flowing. So the non oil revenue streams, even though that that’s going to be another revenue stream, but it’s going to to benefit the country overall. Now they have OPEC issues as far as how much they can pump, but they took things offline & then that the cyan port area & then they just, they probably, I’m pretty sure they started pumping out of the south, in the Basra area to cover that. So the bank of international teams with JPMorgan & ups to transform cross border payments. Iraq is going to be a digital currency & so is the United States currency. They’re going to more cashless societies. They’re not getting rid of it all. They’re not just stopping tomorrow, but they’re going to have just less cash because it’s going to be necessary. Because, again, most people are still using cards, as we do here in our country. A lot of people still use cash. Of course, we all have cash in our wallets, but to the same extent that we had 25 years ago, I don’t think that’s the case. The BIS leads this project & it’s called Agora. It’s a blockchain based initiative for efficient cross border payments. Well, cross border payments, JPMorgan Chase has already done deals or done clearing with digital currency & the Buna platform with the Arab Monetary Fund. Iraq is part of the Arab Monetary Fund & he left to go there & now he’s back doing the project to delete the zeroes from it. Okay, so major banks like JPMorgan UBS joined to enhance global financial transactions. The BIS is positioning itself at the forefront of financial innovation, aiming to revolutionise cross border payments with major global financial institutions & credit card companies. Signing on to its blockchain based project, the BIS (Benk of International Settlements ) is working to build a new infrastructure for international transactions as the financial world evolves. The role of the BIS in leading this shift is crucial. The BIS is based in Switzerland, serves as the bank for central banks, facilitating monetary transactions between these institutions & functioning as a research hub. Its primary objective is to foster international & financial systems cooperation. Monetary cooperation, ensuring stability across global financial systems. With its in house innovations, the BIS has consistently explored & developed cutting edge solutions to improve functioning of the world’s financial infrastructure. So the project Agora has driven participation from some of the world’s largest financial players, including like JPMorgan Chase, Deutsche Bank, UBS Group AG, as well as global credit cards like Visa, Mastercard. Dinar with MoneyGram, digital payments, with all these people & all these certain banks. So there’s about 41 companies alongside central banks from the jurisdictions in the US, the Euro, Japan, England. They highlight the scope & potential impact of the project. Agora, meaning market in Greek, seeks to create a unified platform where tokenized assets can be traded using digital currencies issued by the participating central banks. The significance of this platform lies in the use of central bank backed digital currencies, allowing for nearly risk free cross border transactions, which would significantly reduce the inefficiencies & delays associated with cross border payments. Presently, cash remains the only complete safe form of money. But it lacks a digital counterpart. Agora aims to bridge this gap by offering secure digital solution. It says central banks play a critical role in this project by Agora, by issuing digital currencies that will be used on the platform. These central banks backed digital currencies, often referred to as cbdcs, represent a digital form of the world’s most important reserve currencies, including the us Dollar, the Euro & the Yen. So they’ve already tested these things & they did that with the Dollar & they did it also with the jordanian currency. Well, they basically tested the Buna platform that’s going to be cross border payments when all this shipping comes into the port. A development road project, all the regular borders, the trade from Saudi Arabia, from Jordan, from every country that borders Iraq. I believe there’s about six. There’s a relationship to JP Morgane & the Dinar & there’s a relationship to JPMorgan and XRP & Ripple, People can make payments with tokenized currencies & they can use XRP to pay mortgages now. So this is something that’s going to be a next wave of the future. As the project progresses, Agora has the potential to revolutionise how cross border transactions are conducted, offering a secure, risk free platform for trading tokenized assets using central bank digital currencies. So Iraq is going to be embracing it so the bank of international Settlements is the central bank for central banks & other major banks are becoming involved with these cbdcs, as you guys know about now. But JP Morgan & ripple this last week made payments through XRP. JPMorgan Chase has officially announced that it’s now accepting XRP for both credit card & mortgage payments. This move is part of their broader strategy to integrate blockchain technology & digital currencies into their services. Well, in addition to JPMorgan Chase, other businesses & platforms are accepting XRP as payment. This includes companies facilitated by FCF pay, a blockchain payments processor which allows payments with XRP, bitcoin, ethereum & other cryptocurrencies at participating merchants. But in conclusion, with this, JPMorgan’s Chase’s decision to accept XRP for mortgage payments & credit card transactions makes a significant milestone in the integration of cryptocurrencies into traditional banking. This move not only enhances the efficiency of financial transactions, but also opens up new possibilities for the real estate market & beyond. It says XRP paired with the iraqi Dinar triggers speculation of XRP’s rising prominence. So here it’s now September, late 2024. So people were paying attention to XRP in relationship to the Dinars. If anyone need liquidity from somewhere, they can go in & get it all over the world digitally & fractions of a second. XRP will probably be that technology, part of it in every single transaction around the world, 365 days, seven days a week, 24/7 no blackouts. They’re going to slice the pie. It’s a very small slice of that pie. Cheaper for everybody to use it. It’s faster than for everybody to use it. Therefore, the cost comes down, its efficiency is higher & it looks to be safe. It says XRP news Ripple partner. Ripple’s partner, SBI holdings confirms participation in the BIS project Agora. Direct relationship to XRP & this project? Ripple’s partner, SBI holdings reveals participation in the project Agora cross border payment Unified ledger initiative by the BIS highlights Ripple partner, SBI holdings has confirmed participation in the project Agora led by the BIS. XRP community believes Ripple’s technology aligns with the Agora project & XRP on the 19th, real close, jumped about 2%. Okay, so that’s pretty good positive news. Project Agora is an initiative jointly led by the BIS & central banks. Could be the CBI, of course. Improve the functionality of cross border transactions through tokenization. The central banks are bank de France, bank of Japan, the bank of Korea, the bank of Mexico, the Swiss national bank, the bank of England, the Federal Reserve bank of New York. This project, we hope to improve the functionality of the financial system while restoring confidence to the financial system. Maintaining the two tiered structure of the central bank. Money & private bank deposits provide new solutions that utilise smart contracts programmability, thereby providing high convenient services & cross border transactions. So basically the community is just having acceptance to this ripple. It says here that the CEO, Brad Garlinghouse, says his company is seeking adoption in traditional finance.
  7. Here's a rags to riches to bust story of Dinarian interests... How many shots at wealth does a person generally get in their lifetime? Treat as a rumor. Not verified. Your opine. TNT: All Dinarians Should Read This…..So It Will NOT Happen To You! ARTICLE: Lotto Winner Loses It All. I had the pleasure of meeting a very charming senior in the last few weeks. It’s my friend's mother & this lady is in her 70’s. She won 5 million Dollars in the year 2000. I saw a copy of the cheque on the fridge at her son’s house. I did a double take because I’ve never seen a cheque that large. Of course me being a Dinarian & riding this crazy ride along with all of the others, I have been fortunate enough over the past 5 years to have been educated by people like Tony etc & I have done my research about this kind of thing. All of us have been told the statistics & I do realize that all of this waiting has been hard, although the real challenge comes after our blessing arrives. My friend told me the story of how his mother had won the lottery & how she had come to “lose it all”. I was fascinated because although we hear about it, I had never met someone in this unique situation. This is her story in a nutshell: She won 5 million Dollars & was not financially educated in any formal way. She made her decisions quickly & without professional help. Her son told me she wanted to “show them all” who she was & rub it in their face, whoever “they” are. She gave $500,000 to her sister & then $600,000 to each son. She was down 1.7 million to start & it gets dramatically worse from there. Her sons accepted the gift & my friend was in a not great marriage & of course since he had just received $600,000 from his mother that was not his own lotto winning or an inheritance, his wife when she divorced him was entitled to half. The other son burned through his quickly as he also had no formal education or did not seek professional help. My friend however did the wise thing & invested his remaining $300,000, he still has it 15 years later & it’s making him money daily. I repeat, it’s invested professionally & it makes him a return daily! This lady bought a brand new house, hired an interior designer & of course the new performance car, fully loaded. She spent 30-40 THOUSAND per month at the casino because they were “so nice to her”, no kidding! She brought her sister for company & of course her sister didn’t spend any of her $500,000. She had an addiction to scratch tickets & lotto tickets even though she had already won. She handed out $50 tips at the grocery store to the cashiers etc., had the life she always wanted & she sure made a big splash doing it. It didn’t take long for the money to run out & her to be in a worse situation then when she won the money. I sat & listened in sheer amazement! I gave her a ride home that night because the battery on her car was going & she didn’t have the money for a new one, imagine that! Her son was taking it to be fixed the next day for her & footing the bill. I drove her home & she went on & on about her house etc. I drove up & although it’s a beautiful place it was overgrown & unkept, no money for maintenance, the neighbours must be thrilled. She invited me in & was proud to show me all of her treasures. My heart truly went out to her as there she was & now it’s all gone & the house will be going soon, too. I looked at her & gently asked if she had to do it all over, what would she do different? She looked down & thought about it, looked up at me & said she would have got some help. Everyone was my friend, she said, until the money ran out. I wished her good night & got in my car & thanked God for that experience in person & up close. It’s real, it happens & it will happen to some of you. I told her son about this investment & he has some currency, I know she will be looked after but it sure makes you think. How many shots at wealth does a person generally get in their lifetime? I’m thinking not too many. The sad thing about it, is how much she gambled away looking for money & “the win” again. Folks, when this blessing arrives, your ship came in & this for most of us this will be the one shot you get at wealth. Don’t waste it! There are several lessons to be learned from this story. Be wise, move with caution & be deliberate with your actions. I truly hope by sharing this story, it can help at least one person, my eyes have sure been opened!
  8. Here's one Guru's thoughts on the RV-RI. Remember...This is just one Guru's opine. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: The RV Of The IQD. All RV. ARTICLE: How on Earth can we still be here? And by “here”, I mean on this journey. This journey to a place no one has ever been. To a destination that doesn’t exist on any map. At least not on a map that we can purchase. Certainly not at our pay grade anyway. Nope. Whatever is (or isn’t) going on here, either in front of or behind the scenes, is rated GCRCO (Global Currency Reset Committee Only). Yep, like it or not, the GCR Committee has cranked up the Parental Controls to full on “No Peeking – No Speaking” mode. Strictly a “need to know” basis & apparently, there must be a bit of confusion because for some strange reason, they’re under the impression we don’t need to know. Oh, if they only knew how wrong they are, I just know they’d change their minds. Well, I’d like to think so anyway. As we eek into the supposed final stretch of this far too long, get rich not all that quickly, not quite overnight journey, all of the so-called “Sources” have basically clammed up. Shut down, zipped their lips, gone the way of the NDA & I must admit; the silence is deafening. And if left unchecked, a bit disheartening as well. Sure, we continue to hear that everything’s done, the Bank’s are on RED alert, security is in place and this thing could pop at any minute. One minute it won’t be & the next minute, it will be. That “suddenly”, without notice, all of a sudden everything will change. That those of us fortunate enough to be aware of the GCR/RV opportunity will go from the “have not’s” to the “have plenty’s.” But just how often can we continue to hear that same ol’ stuff & still believe it. Have we all been duped? Including the Banks! They’ve been hearing it for years, just like we have. At some point even those of us with the strongest of foundations wouldn’t be frowned upon for at some point questioning our own thoughts. Our own beliefs. Our own foundations. Yes, we did our due diligence, our own research. Otherwise why on Earth would we still be involved. But that alone can only be relied on for so long. When I first jumped on board, even though we didn’t know it at the time, things were oh so much easier. And by easier, I mean there were quite a few less “thing’s” we had to keep our eyes on. Back then the name of the game was RV. Simple as that. The RV of the IQD. All RV… all Iraq… all the time. That was it. Even the VND was just a faint rumor at best. Nothing worth paying any attention to. All they had to do was oust Maliki, keep Sadr from following through on his dastardly deeds, let Shabibi take the reins, release them from the “Program” rate, pop their “deenar” up to the new rate & BOOM, we were done. Pretty simple, huh? And when we saw the 1st hint of the sanctions against Iraq being lifted late in 2010, we just knew we were there. Next thing would be the removal of Iraq from the OFAC List. Add them to the WTO. Presto change-o, post it in the Gazette, declare their newfangled currency Internationally tradeable & we were done. On the bus & off to the Bank we would go. But hang on there Dinarland, not so fast. Best to keep your hands, feet, as well as your camel in the corral. At least until this ride comes to a complete stop. Turns out there were still a couple more steps to complete before we reached the Station. That was confirmed at the end of June, 2011, when all of Shabibi’s promises went down the drain & we all hunkered down in the knowing that this thing was likely to drag out just a bit further. Sure, we’d heard rumors of another train runnin’ down the tracks. Luckily it was a different train, on a different set of tracks. Something called The Marshall Plan. But no worries. Once again, just another rumor. A rumor that we were assured wouldn’t affect us. Stay focused, it’s nothing we need to pay attention to. After all, rumors were our bread & butter. We lived on ’em… we thrived on ’em. We’d already heard plenty of stuff from the “Sandbox” & all the Contractors in the “Green Zone” getting paid the “RV Rate”, so we were quite accustomed to rumors that never panning out. Good or bad. Still we were told to fold our trays & return our seats to an upright position because we’d be landing very soon. And although the plane was continually circling, it was bound to land at some point in the very near future. I mean a plane’s fuel tank is only so large, so logically it can only remain in the air for so long. Problem is they somehow forgot to mention the plane was continually being refueled by a Tanker circling very nearby. The rumors of another set of tracks began to increase, getting louder with every “Chug” of the train. Those “tracks”, although they were initially running parallel to our track to prosperity, to paying it forward, to living the lives we all dreamed of, surely would never affect our track to the RV. Or would they. Unfortunately we can all see now just how that original “plan” worked out. It didn’t. And it was at that point that most of us began to pay more attention to all those GCR rumors & to the impact they could possibly have on us reaching our goal of a simple RV of the IQD any time soon. Maybe there was more to this thing after all. While some of us might have originally taken this leap of faith, risking our entire everything, our future’s, our relationships with family & friends, even our own sanity by jumping on board the Insane Train, with little to not a whole lot of prior research, that would be completely understandable. After all, I would have to believe that when many of us first became aware of this here RV thing, we only had two weeks before it was going to “POP” & it could take a week or more just to receive our currency. So it was kind of a now or never, believe or don’t believe, get in at your own risk kind of thing. And so we jumped in, phone’s always on, alarm clocks set for two weeks, readier than ready. But as the months & weeks continued to tick by, we began to do more & more of our own due diligence. Anything to prove, even if only to ourselves, that this thing was indeed real. And was really going to happen. I dug deep & when I began to discover names like Haliburton being granted huge contracts, Citibank being offered the first Bank Charter, China signing contracts to build thousands of homes & a huge laundry list of “biggies” all chomping at the bit to get a piece of Iraq, for reasons both known& unknown, I was convinced that this thing was real. If “they” were so eager to pay to play, I knew I really wanted to be a part of it as well. Never having to look back & wonder “What if?” As time went by, I also began to realize that although the original intention of this whole RV deal was indeed a “behind the scenes”, get rich quick scheme for the “Big Boys Club” as it were, that wasn’t going to stop me from wanting a piece of the pie as well. In fact, it only added to my motivation. Upon seeing that their plan wasn’t working out as they’d hoped, yet they weren’t in any hurry to “cash out” & walk away, further convinced me to stay. Oh no, they were in it for the long haul. Therefore, so was I. Right to the bitter end. As long as I still held one note, I’d be in it to win it. If at some point I came to the realization that I no longer believed in what I’ve spent the past “far too long” believing in, then chances are very good I’d already be hanging out with Elvis, outside some random building somewhere East of the Las Vegas Strip wondering how I could’ve been so wrong. Questioning every thought I ever had pertaining to the validity of this RV/GCR thing. But I’m not hangin’ with The King. Not yet anyway. Nope, I’m still right here, right now. And hopefully I’ll continue to be until I reach the finish line. Wherever & whenever that may be. Okay, so yes, maybe the Banks have been told to be ready so they don’t have to get ready to be ready for going on, I don’t even know how many years now. So long in fact that I’ve basically lost count, which is a good thing. And while I’d like to think that’s all part of their “Boy who cried wolf until he was old enough to be put into an Assisted Living facility” Plan, chances are there was no plan after all & they are simply “wingin’ it”, making up the rules as they go along. Up against something so huge that there is absolutely no way to put a “date” on this moving target. And it has nothing to do with us whatsoever. And while they might have timelines, deadlines & “windows”, not a one of them are cast in stone. Therefore, they can all be stepped over, crossed & broken as needed. I have the distinct feeling they flip their own script quite often. Either way, I don’t think we’re ever going to know for sure. In the old days I wanted nothing more than to know (after the fact) what was truly going on behind the scenes this entire time. When we thought they were “zigging”, were they actually “zagging” & were they ever truly in control of the situation or was it just uncontrolled chaos at its finest. Mellowing with wisdom gained through time and research, at this point I’m much more content to leave the unknown alone, looking forward to the future as opposed to deciphering the past. Any thoughts of Dinarland & this journey will happily be left in my rear-view mirror. And might I add, not a minute too soon. & there’s no time like the present to get started. They always said it would get crazy near the end. Well, the crazy part has been going on for over a decade, so I’m not too sure about when the crazy part actually started. Or when it will officially end. They also mentioned that as we got closer, everything would go quiet. Not a peep, not a sound. I’m not so sure they thought that “sound of silence” would be NDA induced but whatever. I tend to believe that’s our current stage. It seems as if lips are zipped & not a word can be heard from in front of, nor from behind the scenes. Which, when you think about it, as agonizing as it may be, makes total cents. Ooops, I mean sense. So, if at all possible, please do your best to enjoy the silence. I know it’s not easy but relish the unknown. The middle ground between the not yet & the RV/GCR, between back screens & Teller screens, between the pit of rumors & the summit of fruition. This is the dimension of imagination, the place we’ve dreamed of reaching for far too long. The time when all of our thoughts, our beliefs, our faith in our own due diligence will truly be tested like never before. It is an area which I affectionately call, The Unknown Zone.
  9. Here's some rumors of Dinarian interests... Ray, Bruce, MZ, Pimpy & F26 believe the RV process has started. There is supposed to be an in-country rate yet nobody can tell us the ER. If there was a real actual in-country ER, it would go viral instantaneously. You can't keep something this huge hidden from the public eye. IMHO. Treat as rumors. Not verified. Your opine. RayRen98: SOURCES ARE SAYING “ATTEMPTS” AT THE RATE CHANGE HAVE BEEN MADE EVERY DAY THIS WEEK SO FAR…TECHNICAL ISSUES ARE BEING BLAMED…TIME WILL TELL… Bruce The Goose: We are just waiting for the in-country rate to go international. You will be pleased with the new ER. MarkZ via PDK: Waiting For The Go. Everything is done & they are waiting for a “go”….I am hearing the same thing from the banks and group leaders. Hearing the same thing from Iraq…and from military contacts over here…the same thing from all contacts…I will take as a positive. Pimpy: They’re Still Listed As Trading 1 To 1 On FOREX. ARTICLE: The IQD is not officially trading on the Forex right now because it’s part of their punishment, but it’s listed there because they had a pairing at one time just like the [Venezuela] Bolivar…Once they’ve been paired before, even though they’re in trouble and they might not be officially trading on the Forex, they’re still listed as trading 1 to 1. That doesn’t mean that’s what’s happening, it’s like a placeholder. Think of it as a book-marker. They’re not officially trading at 1 to 1…A book-marker, that’s all it is…When the time comes and they start trading on the Forex again…they’re already set up and can start trading right away. That’s the same with all currency exchange websites.
  10. Here's an article of Dinarian interests... Iraqi Dinar Expected to Undergo a Revaluation. Treat as a rumor. Not verified. Your opine. Ariel: Iraqi Dinar Expected to Undergo a Revaluation. ARTICLE: What does the parallel rate reaching parity with the official price set by the CBI mean? The reason you all have not seen a reinstatement of the IQD on the Forex Market is because the black market rate was artificially suppressing the value of the national currency due to the speculation in that area. This means in the parallel market, the exchange rate for the IQD against the USD is often higher than the official rate set by the central bank. This discrepancy is driven by supply and demand dynamics, where limited access to foreign currency through official channels forces businesses & individuals to seek Dollars in the parallel market at a premium. Now that there is basically only one set price across the board. No one is going to have enough incentive in any market to resort to using the rate in the black market due to the lack of currency in the local Iraqi markets. Now businesses can actually be more transparent. More secure. More reliable to not only the local market but the international market as well. This will give confidence in businesses across the world to do business with Iraq. Which of course by default will increase investment in their country. Thus giving the Iraqi Dinar more value as time goes on making it a premier country to do business with on every level. Traders in the parallel market were hoarding foreign currency, anticipating further depreciation of the IQD. This speculative activity was exacerbating the disparity between the parallel and official rates. But now this has come to an end. Now the citizens will have more of a reason to stop hoarding currency & bring it to the banks so the new currency can be issued. Which of course will need an exchange rate to accompany the new buying power that will come with the volume of new currency needed in order to maintain & eventually move past the current rate due to all the new business contracts. This is like a cosmic alignment that took place that was centuries in the making. You have no idea how close we are to now seeing the new exchange rate. This was the very thing that caused such a long wait. Now that it is a foregone conclusion. Many of the projects that were stalled in Iraq can move forward. Which makes the approval of the Budget more exciting than ever before since anyone has been in this investment. But another notable thing to this equation is the fact that America is now a Tier+1/Tier-0 country. Which means the international transactions speed of trade on a international & local level will be instantaneous. The timing of this couldn’t have been more perfect. “On February 15, 2023, the Securities and Exchange Commission adopted rule amendments to shorten the standard settlement cycle for most broker-dealer transactions from “T+2” to “T+1,” subject to certain exceptions. The compliance date for the rule amendments is May 28, 2024, at which point the standard settlement cycle will be T+1. The SEC’s Office of Investor Education and Advocacy (OIEA) is issuing this Investor Bulletin to explain the new “T+1” settlement cycle & how it will affect certain transactions you place with your brokerage firm.” Jansen Fancher @jansenfancher
  11. Here's two articles of Dinarian interests... -Iraq weighs rate change. -Calls for new Iraqi elections. -Sudani ties to Iran becomes an issue. Treat as rumors. Not verified. Your opine. TNT via VictorD: "The Iraqi Government Is Currently Weighing The Question Of Changing The Currency So That The Official Cost Of A USD will be 1.32 Iraqi Dinars instead of 1,320 Dinars. ARTICLE: Implementing such a decision is likely to significantly increase Al Sudani’s popularity." According to this....$1 USD would equal 1.32 Dinar which would make the value of the Dinar about 75 cents. Tishwash: Iraq’s Ruling Coalition May Call For Early Elections. ARTICLE: A poll by the nongovernmental Iraq Statistics Organization found Prime Minister Mohammed Shia’ Al Sudani to have an approval rate of 51%, the highest of any Iraqi official. Iraq’s ruling coalition plans to call for early elections in an attempt to overthrow Prime Minister Mohammed Shia’ Al Sudani. Al Sudani belongs to the Coordination Framework, an alliance of Shiite parties loyal to Iran. But after assuming the premiership, Al Sudani changed his approach toward the parties & came to disagree with many of their political positions.
  12. Here's Some Articles & videos of Dinarian & VN Dong interests... IQD & VN Dong Updates. Treat as rumors. Not verified. Your opine. Militia Man: Success Of G7 Iraq Economic Development Talks. ARTICLE: Romanowski US Ambassador to Iraq had her G7 meeting…She’s taken photo op with the G7 supporting the reforms of Iraq. That’s powerful stuff. Article quote: “…during the coming year the Iraq economic contact group will further cooperation to support the development of the economic & financial sector in Iraq including prime minister Al-Sudani’s policies to enhance the value of the Dinar…This is a clear announcement of the new policies regarding the Dinar during the transitional period...” That’s a drop the mic you guys. Phenomenal…In other words if you’re going to enhance the value of the Dinar something is going to change. From Other Sources: IQD & VN Dong Updates. TIDBITS: Breaking News: CBI’s Floating Plan & Monday Notification For Tier 4B. Vietnam Dong: Vietnam Dong $2 To $3 Realistic Rate Dong Rate Update. See videos at source...Google key words in title.
  13. Here's an article of Dinarian interests... This is for your entertainment, only. We know they just changed the value. A partial RV in some parts of Iraq. Treat as a rumor. Not verified. Your opine. Bruce The Goose: We Know They Just Changed The Value. ARTICLE: We’re getting word that the ATM machines are filled with the lower denomination bills like ours starting with I think tens. I don’t think singles & 5’s but 10 Dinar notes 20, 50 & 100s. I think those are all available in the actual ATM machines. Now they have been working for I think, maybe since Thanksgiving, maybe a little bit before that in the airport locations in Baghdad & at the border location where ever the ATM’s are at the border. Okay, so those are rockin' & rollin'. They (ATMs) are working now & they are in use. I don’t I do not believe they’re all in use all over country yet. But I think that is about to change. Let’s talk about other things. Like for example currency dealers, one in particular got information that they would be changing their currency rates after midnight tomorrow night, which is Wednesday night after midnight. That will be good because obviously a lot of the currency we know just change the value that they studied recently are going way up in value & they removed / pulled from the sale, they won’t be for sale anymore – no one will be able to afford It – some currencies will just change in value & have slight increase – but most of the ones we know about are going way up in value & they will no longer be for sale – as of midnight tomorrow night, Wednesday night. Okay. Should be getting a hint – should be getting a hint right about now.
  14. Here's an article of Dinarian intersts... US-Iraq Citizen Says RV-RI Just Happened In Country. The new ER is $3.81. Treat as a rumor. Not verified. Your opine. TNT: KaseyKo1: ARTICLE: The place where I’m living, one of their security guards is from Kurdistan. The girl at the front desk that works closely with him, had mentioned a short time ago that she had been given one dinar. Well, when I started to mention to her that the rate was getting ready to change, she stopped me & said, “Oh, we’ve already been advised & the rate was 3.81. Woo-hoo!!! I just wanted to pass this encouragement along. The way she made it sound, the change should be happening within days. KaseyKo1: Here’s an update to my previous “story”. It seems the newbie security guard we have is ONLY temporary. The Kurdistanian guard – wait for it! – just left at the starting of this week to go back to Kurdistan for 30 days. I have to wonder if he’s going back to do an exchange in his country. He apparently has a dual citizenship with the US. So the question is when will he be paid in Kurdistan? Great news, I think anyway.
  15. Luigi found this article of Dinarian interests... See video at source. Treat as a rumor. Not verified. Your opine. Nader From The Middle East: Video: RV. It's happening key kip our heads up & see.
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