URGENT: The Dollar Crisis Has Returned.

[Luigi1]

Here's some disturbing articles of Dinarian interests...

CBI is losing control of the ER Parallel Markets.

Speculators are raising the price of the Dollar.

Speculation, regional wars & UST policies are blamed.

The Dollar crisis has returned.

There can be no RV-RI at this time due to stability issues.

Long reads but are worth your while.

Treat as rumors.  Not verified.  Your opine.

 

 

 

Tlm724 Administrator Bondlady’s Corner:                   Fasten Your Seatbelts...It's Going To Be A Bumpy Ride.

ARTICLE:  Experts: The Dollar Price Will Remain Volatile As Long As The Economy Is Not Stimulated.

Volatility has returned once again to dominate the Dollar ER on local stock exchanges in Iraq, after a period of “semi-stability” that dominated the market during the recent period.

 

The market witnessed a “limited” increase yesterday, Monday, as the ER of the USD reached 154 Iraqi Dinars compared to 100 Sollars in Baghdad & 153 Dinars in Erbil in the Kurdistan Region.

Experts & specialists believe that what is happening is a temporary exploitation by some speculators who took advantage of the regional tensions in the region to benefit from buying & selling in the parallel market.

 

The PM’s Advisor for Financial & Economic Affairs, Dr. Mazhar Muhammad Saleh, said in an interview with Al-Sabah newspaper, which is affiliated with the Independent: “The issue is related to regional security tensions, which give colorful or ambiguous information that affects the decisions of speculators in the secondary exchange market when buying & selling, which prompts them to hedge.”

 

One or two points above the current market trading prices or trading prices in such cases that people are accustomed to.” He added: “ A behavior practiced by speculative forces to achieve emergency or fateful profits under the pretext of misfortune & fear,

because the decisions of this market are based on various information as inputs that influence the decisions of those dealing in it.

 

Therefore, these markets are considered among the most sensitive financial markets & live in their daily speculation on news, rumors & conflicting information.” To determine prices, which is a cost that disappears when the influencer disappears.”

 

For his part, the rapporteur of the Parliamentary Finance Committee for the fourth session, Dr. Ahmed Al-Saffar, stated that “the exchange rate of the Dollar against the Dinar will not stabilize as long as Iraq remains a country that does not have a productive apparatus, as the country depends for most of its needs on imports, which in turn depends mainly on the Dollar.”.

 

He stressed that  “this price will remain fluctuating and changing according to political events & the forces of supply and demand.” He pointed out that  “this small change during these two days may be due to the attack on the American bases in Iraq, Syria & Jordan & the threat of the American side to carry out a military operation,” & added: “Therefore, the CBI & the government cannot control the stability of the ER if they do not resort to revitalizing the Iraqi economy & moving the apparatus.” “Productive.”

 

 

For his part, economic affairs expert, Nabil Jabbar Al-Ali, pointed out that “there are now no major changes in ER that could affect the market & its desires.” He pointed out that “what is happening now in the local market falls within the framework of the natural fluctuation of prices & there is not a large percentage of rise & fall that can be pointed out, so I believe that the issue has not departed from the normal situation.”

Experts believe that stabilizing the dollar exchange rate in Iraq requires:

     -revitalizing the Iraqi economy,

     -increasing production, 

     -reducing dependence on imports & regional stability.

 

 

 

 

From Other Sources:                   CBI: Sanctions On Al-Huda Bank Due To Its Activities In 2022.

 ARTICLE:  The CBI revealed that the US Treasury Department has imposed sanctions on Al-Huda Bank of Iraq, attributing the reason to its activities in 2022.

 The CBI stated that the bank did not participate in the foreign currency buying & selling window during the year 2023, stressing that it continues to provide its banking services without dealing in USD & is allowed to deal in other foreign currencies.

   

 

 

From Other Sources:                    Al-Sudani Stresses The Importance Of Completing The Procedures For Converting To Electronic Payment.

ARTICLE:  PM Muhammad Shiaa Al-Sudani directed, on Sunday, to expedite the procedures for switching to electronic payment, stressing that  beneficiaries of electronic payment will not be burdened with any additional financial burdens or added commissions in daily transactions & simple regular payments.

 

 The Sudanese media office said in a statement received by Al-Maalouma that, “This Sunday morning, the PM chaired a meeting devoted to completing government procedures for switching to electronic payment, in the presence of the Governor of the CBI, the PM's advisors for strategic, economic & banking affairs & the Director General of Payments at the bank.” CBI & directors of a number of government banks.

 

 

 

From Other Sources:                               The CBI Increases The Daily & Monthly Limits For Prepaid Cards (Document).

ARTICLE:  The CBI issued new instructions regarding prepaid cards, including raising the daily & monthly limits inside Iraq while keeping the same limits outside Iraq.

 

 Deputy Governor of the CBI, Ammar Khalaf, said, according to a document obtained by Shafaq News Agency, “The controls on prepaid card limits will be as follows:

1st: The limits & ceilings for prepaid cards.  The maximum limit is (10) million Iraqi Dinars & the ceilings for monthly refilling of the card are (10) million Iraqi Dinars.  It is the responsibility of banks & electronic payment service providers to refuse any refilling operations that exceed the maximum balance limit.

2nd: Local financial transactions inside Iraq. The ceiling for withdrawals via automated teller machine (ATM) machines inside Iraq is two million Dinars per day, or what is determined by the entity that owns the ATM, provided that it does not exceed the total monthly card balance & the limits for payment operations are through electronic payment gateways. Local online shopping & purchases through point-of-sale (POS) devices are included in the card’s monthly balance.

 

Khalaf added,  “Banks & electronic payment service providers have the freedom to set and set a financial ceiling for payment & purchase transactions made through the aforementioned channels, not to exceed the total monthly card ceiling.”

 

[Stabstones]

4 minutes ago, Luigi1 said:

Here's some disturbing articles of Dinarian interests...

CBI is losing control of the ER Parallel Markets.

Speculators are raising the price of the Dollar.

Speculation, regional wars & UST policies are blamed.

The Dollar crisis has returned.

There can be no RV-RI at this time due to stability issues.

Long reads but are worth your while.

Treat as rumors.  Not verified.  Your opine.

 

 

 

Tlm724 Administrator Bondlady’s Corner:                   Fasten Your Seatbelts...It's Going To Be A Bumpy Ride.

ARTICLE:  Experts: The Dollar Price Will Remain Volatile As Long As The Economy Is Not Stimulated.

Volatility has returned once again to dominate the Dollar ER on local stock exchanges in Iraq, after a period of “semi-stability” that dominated the market during the recent period.

 

The market witnessed a “limited” increase yesterday, Monday, as the ER of the USD reached 154 Iraqi Dinars compared to 100 Sollars in Baghdad & 153 Dinars in Erbil in the Kurdistan Region.

Experts & specialists believe that what is happening is a temporary exploitation by some speculators who took advantage of the regional tensions in the region to benefit from buying & selling in the parallel market.

 

The PM’s Advisor for Financial & Economic Affairs, Dr. Mazhar Muhammad Saleh, said in an interview with Al-Sabah newspaper, which is affiliated with the Independent: “The issue is related to regional security tensions, which give colorful or ambiguous information that affects the decisions of speculators in the secondary exchange market when buying & selling, which prompts them to hedge.”

 

One or two points above the current market trading prices or trading prices in such cases that people are accustomed to.” He added: “ A behavior practiced by speculative forces to achieve emergency or fateful profits under the pretext of misfortune & fear,

because the decisions of this market are based on various information as inputs that influence the decisions of those dealing in it.

 

Therefore, these markets are considered among the most sensitive financial markets & live in their daily speculation on news, rumors & conflicting information.” To determine prices, which is a cost that disappears when the influencer disappears.”

 

For his part, the rapporteur of the Parliamentary Finance Committee for the fourth session, Dr. Ahmed Al-Saffar, stated that “the exchange rate of the Dollar against the Dinar will not stabilize as long as Iraq remains a country that does not have a productive apparatus, as the country depends for most of its needs on imports, which in turn depends mainly on the Dollar.”.

 

He stressed that  “this price will remain fluctuating and changing according to political events & the forces of supply and demand.” He pointed out that  “this small change during these two days may be due to the attack on the American bases in Iraq, Syria & Jordan & the threat of the American side to carry out a military operation,” & added: “Therefore, the CBI & the government cannot control the stability of the ER if they do not resort to revitalizing the Iraqi economy & moving the apparatus.” “Productive.”

 

 

For his part, economic affairs expert, Nabil Jabbar Al-Ali, pointed out that “there are now no major changes in ER that could affect the market & its desires.” He pointed out that “what is happening now in the local market falls within the framework of the natural fluctuation of prices & there is not a large percentage of rise & fall that can be pointed out, so I believe that the issue has not departed from the normal situation.”

Experts believe that stabilizing the dollar exchange rate in Iraq requires:

     -revitalizing the Iraqi economy,

     -increasing production, 

     -reducing dependence on imports & regional stability.

 

 

 

 

From Other Sources:                   CBI: Sanctions On Al-Huda Bank Due To Its Activities In 2022.

 ARTICLE:  The CBI revealed that the US Treasury Department has imposed sanctions on Al-Huda Bank of Iraq, attributing the reason to its activities in 2022.

 The CBI stated that the bank did not participate in the foreign currency buying & selling window during the year 2023, stressing that it continues to provide its banking services without dealing in USD & is allowed to deal in other foreign currencies.

   

 

 

From Other Sources:                    Al-Sudani Stresses The Importance Of Completing The Procedures For Converting To Electronic Payment.

ARTICLE:  PM Muhammad Shiaa Al-Sudani directed, on Sunday, to expedite the procedures for switching to electronic payment, stressing that  beneficiaries of electronic payment will not be burdened with any additional financial burdens or added commissions in daily transactions & simple regular payments.

 

 The Sudanese media office said in a statement received by Al-Maalouma that, “This Sunday morning, the PM chaired a meeting devoted to completing government procedures for switching to electronic payment, in the presence of the Governor of the CBI, the PM's advisors for strategic, economic & banking affairs & the Director General of Payments at the bank.” CBI & directors of a number of government banks.

 

 

 

From Other Sources:                               The CBI Increases The Daily & Monthly Limits For Prepaid Cards (Document).

ARTICLE:  The CBI issued new instructions regarding prepaid cards, including raising the daily & monthly limits inside Iraq while keeping the same limits outside Iraq.

 

 Deputy Governor of the CBI, Ammar Khalaf, said, according to a document obtained by Shafaq News Agency, “The controls on prepaid card limits will be as follows:

1st: The limits & ceilings for prepaid cards.  The maximum limit is (10) million Iraqi Dinars & the ceilings for monthly refilling of the card are (10) million Iraqi Dinars.  It is the responsibility of banks & electronic payment service providers to refuse any refilling operations that exceed the maximum balance limit.

2nd: Local financial transactions inside Iraq. The ceiling for withdrawals via automated teller machine (ATM) machines inside Iraq is two million Dinars per day, or what is determined by the entity that owns the ATM, provided that it does not exceed the total monthly card balance & the limits for payment operations are through electronic payment gateways. Local online shopping & purchases through point-of-sale (POS) devices are included in the card’s monthly balance.

 

Khalaf added,  “Banks & electronic payment service providers have the freedom to set and set a financial ceiling for payment & purchase transactions made through the aforementioned channels, not to exceed the total monthly card ceiling.”

 

They can't control the black market..

[Luigi1]

Just now, Stabstones said:

They can't control the black market..

 

Yup.   Who benefits from the Black market & CBI currency auctions?   Iran.

This is exactly how Iran is financing the Houthies, Hamas & Hezbollah.

[ronscarpa]

42 minutes ago, Luigi1 said:

Here's some disturbing articles of Dinarian interests...

CBI is losing control of the ER Parallel Markets. / Speculators are raising the price of the Dollar. / Speculation, regional wars & UST policies are blamed. / The Dollar crisis has returned. / There can be no RV-RI at this time due to stability issues. / Long reads but are worth your while.

 

Thanks Luigi for posting these good articles. Blessings - RON 

[Luigi1]

Could MZ & Terry K be the same person....he says the RV is done...just not announced...

 

 

 

Some highlights by PDK-Not verbatim:

THREAD:  

Mod:  GOOD EVENING EVERYONE! HOPE YOU ALL HAD A GOOD DAY!

Member:  Hi,Y’all! MarkZ, Mods and fellow yellow brick road followers…. Are we ready?

Member: So the funds that get traunched- do we still get 1% prior to getting launched?

MZ: The only funds I hear that will give 1% & be traunched are the historic bonds. I am not hearing that at all on currencies. Unless you are a mega whale. So unless you spent hundreds of thousands on currency. Do not worry about it.

Member: Whats a traunch?

Member: Smaller payments over time….not all at once.

MZ: I have had a couple more bond folks tell me they are now under NDA’s today.  GAGGED.

Member: I think your bond people being under an NDA is a good sign.

MZ: “UST takes actions to protect Iraqi financial system from abuse.” They are spinning this to try to look like they are protecting Iraqis. They are referring to Al Huda Iraqi bank that they claim is a funnel for terrorists. In a nutshell selling USD to Iranian interests…so they shut it down.  I found this interesting.

Member: That’s the pot calling the kettle black.

MZ: Bank story today.  “ My brother went to a Canadian bank in Canada today. While establishing his new bank account the manager & a teller in training asked him if he had (could not understand that word) & he replied he had a number of de-valued currencies & asked if they were aware of the RV we are waiting on. She replied “”Yes, I am & I cannot say anything more as I am under an NDA by the bank”  GAGGED.

MZ: Very quietly –behind the scenes –Abbot Downing has died at Wells Fargo. It is now just Wells Fargo advisors. There has been a lot of changes. We are getting a number of reports from credible people that they are now under an NDA (GAGGED) & very aware they are about to see a massive change because of revaluations.

MZ: “Russia plans new system as Dollar based mechanism is dangerous & unreliable”  This came out of Moscow yesterday.

Member: Went to bank today to make a large cash withdrawal. They did not have enough money to cover & sent me to 2 branches. She said droves of people are coming in & taking out large sums of cash.

Member: Mark have you heard anything on Columbia & paying Pentecostal churches?

Member:  Phil just said this afternoon to watch next 48 to 72 hours. RV already done, but not announced.

Member: Mark, today, I asked Teller @ TD drive-up 'When are you going to give us our beautiful new currency? said, I wish I knew! But as soon as I know, you'll be the 1st to know!

Member: Do we get emails for sure to let us know when this goes?

Member: You will get emails if you subscribe to the dinar sites……The news will be posted everywhere. From Mark, Frank, TNT, Brucethe Goose, ect….you will not miss it.

Member: Newbies, gotta tell ya… BE PATIENT. Keep the calm, live your life. Carry on & be hopeful.

Member: Your watching amazing progress happening...more than ever...hang in there...Our Worldwide RAINBOW is AHEAD.

Member: Good night all & sweet RV dreams.

 

 

[Luigi1]

5 minutes ago, ronscarpa said:

 

Thanks Luigi for posting these good articles. Blessings - RON 

 

I hope I'm wrong & CBI does have full control of the parallel markets & this RV goes.

[MommaMia]

3 minutes ago, Luigi1 said:

Could MZ & Terry K be the same person....he says the RV is done...just not announced...

 

 

 

Some highlights by PDK-Not verbatim:

THREAD:  

Mod:  GOOD EVENING EVERYONE! HOPE YOU ALL HAD A GOOD DAY!

Member:  Hi,Y’all! MarkZ, Mods and fellow yellow brick road followers…. Are we ready?

Member: So the funds that get traunched- do we still get 1% prior to getting launched?

MZ: The only funds I hear that will give 1% & be traunched are the historic bonds. I am not hearing that at all on currencies. Unless you are a mega whale. So unless you spent hundreds of thousands on currency. Do not worry about it.

Member: Whats a traunch?

Member: Smaller payments over time….not all at once.

MZ: I have had a couple more bond folks tell me they are now under NDA’s today.  GAGGED.

Member: I think your bond people being under an NDA is a good sign.

MZ: “UST takes actions to protect Iraqi financial system from abuse.” They are spinning this to try to look like they are protecting Iraqis. They are referring to Al Huda Iraqi bank that they claim is a funnel for terrorists. In a nutshell selling USD to Iranian interests…so they shut it down.  I found this interesting.

Member: That’s the pot calling the kettle black.

MZ: Bank story today.  “ My brother went to a Canadian bank in Canada today. While establishing his new bank account the manager & a teller in training asked him if he had (could not understand that word) & he replied he had a number of de-valued currencies & asked if they were aware of the RV we are waiting on. She replied “”Yes, I am & I cannot say anything more as I am under an NDA by the bank”  GAGGED.

MZ: Very quietly –behind the scenes –Abbot Downing has died at Wells Fargo. It is now just Wells Fargo advisors. There has been a lot of changes. We are getting a number of reports from credible people that they are now under an NDA (GAGGED) & very aware they are about to see a massive change because of revaluations.

MZ: “Russia plans new system as Dollar based mechanism is dangerous & unreliable”  This came out of Moscow yesterday.

Member: Went to bank today to make a large cash withdrawal. They did not have enough money to cover & sent me to 2 branches. She said droves of people are coming in & taking out large sums of cash.

Member: Mark have you heard anything on Columbia & paying Pentecostal churches?

Member:  Phil just said this afternoon to watch next 48 to 72 hours. RV already done, but not announced.

Member: Mark, today, I asked Teller @ TD drive-up 'When are you going to give us our beautiful new currency? said, I wish I knew! But as soon as I know, you'll be the 1st to know!

Member: Do we get emails for sure to let us know when this goes?

Member: You will get emails if you subscribe to the dinar sites……The news will be posted everywhere. From Mark, Frank, TNT, Brucethe Goose, ect….you will not miss it.

Member: Newbies, gotta tell ya… BE PATIENT. Keep the calm, live your life. Carry on & be hopeful.

Member: Your watching amazing progress happening...more than ever...hang in there...Our Worldwide RAINBOW is AHEAD.

Member: Good night all & sweet RV dreams.

 

 

Dreams is what it is. 

[edbeach]

You say CBI is loosing control of ER They never had control of the ER parallel market The us dollar has had control all along. The PM says they have control now don't believe it he just trying to convince everyone the ER now in control. Look at the rate  bouncing all around proves my point.

[Luigi1]

1 minute ago, edbeach said:

You say CBI is loosing control of ER They never had control of the ER parallel market The us dollar has had control all along. The PM says they have control now don't believe it he just trying to convince everyone the ER now in control. Look at the rate  bouncing all around proves my point.

 

To be fair...CBI policies had some control for a few months.

Instability, wars in the region, UST policies & corruption may have a lot to do with it. 

The blame falls not entirely upon the CBI.   

Some things are simply out of CBI's control.   IMHO.

[edbeach]

Here we go again from this MK z with more of his lies and more of his Bull Shite.

[edbeach]

Thats because Iran is controlling more & more with Iraq including the CBI. I have never trusted this CBI governor still feel he working for Iran 

[edbeach]

Luigi I remember when he was previously the CBI governor under Maliki and was was told how most of the Banks were under influence of Iran & crooked. He ignored this in favor of Maliki & Iran knowing they were stealing funds for Iran at the time. which has never stoppped.

[Luigi1]

6 minutes ago, edbeach said:

Luigi I remember when he was previously the CBI governor under Maliki and was was told how most of the Banks were under influence of Iran & crooked. He ignored this in favor of Maliki & Iran knowing they were stealing funds for Iran at the time. which has never stoppped.

 

 Yes.  That has already been established & we can all agree on Iran's influence on GOI, CBI & the Iraq economy.

[BETTYBOOP]

Not meaning to be negative but I seriously think unless there is some sort of miracle we can wave bye bye to this year  The whole region / world is way too unstable IMHO

Edited January 30 by BETTYBOOP

[edbeach]

Plus its getting worse with Iran as they put more of their people in place in Iraq. Before you know it they will take over Iraq as soon as we leave and there goes the RV/RI 

[BETTYBOOP]

@edbeach  Iget where you are coming from but I don't think the USA AND THE UN would allow that after the fight they had for the oil. They would end up going back in and taking them on again 

[BETTYBOOP]

AND if they need to do that they will wipe out IRAN in the process. Then control their behaviour from there on

[Luigi1]

1 minute ago, BETTYBOOP said:

@edbeach  Iget where you are coming from but I don't think the USA AND THE UN would allow that after the fight they had for the oil. They would end up going back in and taking them on again 

 

Agree.   Too much blood & treasure lost by the US, UK & the coalition to allow this to go by the wayside.   Go RV.

[BETTYBOOP]

@Luigi1in saying all that , it would be rather nice if Kim clement was right....." when it seems worse than ISIS..., then it will revalue"

[fioranosportscars]

https://www.iraqinews.com/iraq/remittances-of-currency-abroad-rise-in-cbis-auction/

[NWGUY]

I think this is all smoke and mirrors myself.   They are getting everyone focused on this parallel market stuff, while in the meantime they are working on their dinar value.  Once they revalue their currency, the parallel market should just disappear.   It would make sense to discourage investors, so at the end of the day they can revalue.   I don't think they are as dumb as they make themselves look.  I think they are way smarter than that, or at least I hope they are for our sake!   I am probably wrong, but this is my hope!  

[Luigi1]

33 minutes ago, fioranosportscars said:

https://www.iraqinews.com/iraq/remittances-of-currency-abroad-rise-in-cbis-auction/

 

 Yup. 

I opined on that yesterday.

It seems like the currency auctions have re-started & CBI is hiding the windfalls in overseas banks.

[Longtimelurker]

Let's watch the exposure of the central banks.. this has to happen before reset and right around the time of the collapse..

[cutter73]

Birthday is Sunday...So much for this month.  I do believe some is smoke and mirror; @NWGUY but dang...come on already.  LOL...  But this 💩show could go on for another year...ugh

[BETTYBOOP]

12 minutes ago, cutter73 said:

Birthday is Sunday...So much for this month.  I do believe some is smoke and mirror; @NWGUY but dang...come on already.  LOL...  But this 💩show could go on for another year...ugh

If all the 3 letter agencies and the coalition can't get all these fools in the M E and Russia under control this could rumble on another 10 years