Monday Early Morning Opinions @ 9:30 AM MDT - 1/01/2024

[ronscarpa]

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  Article: "The central Bank determines the entities covered by obtaining their remittances in dollars starting Tuesday" As we all know...Iraq decided to de-dollarize. They're no longer going to use the dollar. Quote: "Central Bank of Iraq specified the parties covered by obtaining their foreign transfers and cash and dollar currency starting from January 2nd..." They are definitely going to drastically reduce the use of the US dollar.

 

Frank26   Question: "What would be the punishment for using the dollar after the 1st?" First time a big fine. If you continue, a bigger fine and the third one, jail.

 

Goldilocks  Banking Announcement of the CBI in Iraq:  In an official statement from the CBI of Iraq, customers inside Iraq can receive the dollar with the permission of investors involved in the transaction.  Otherwise, all transactions are to be done in the Iraqi Dinar going forward in order to enhance confidence in the dinar.  This official statement is the new monetary policy that has been decided to begin on January the 2nd, 2024 per the Council of Ministries. See: CBI.iq 

 

 

[ronscarpa]

Here's the full article mentioned by Goldilocks above:

 

The Central Bank of Iraq reveals the mechanism for delivering incoming remittances in the US dollar currency - 12/31/2023

[Luigi1]

11 minutes ago, ronscarpa said:

Here's the full article mentioned by Goldilocks above:

 

The Central Bank of Iraq reveals the mechanism for delivering incoming remittances in the US dollar currency - 12/31/2023

 

Luigi's two cents worth....

USD is for official business for Iraqis businesses & companies doing int'l transactions.

The USD will be De-Dollarized for ordinary Iraqis dealing in black market, speculation, currency street vendors & other illegal activities...IMHO.