Mountain Goat
On Thursday, the Central Bank of Iraq issued instructions to all licensed banks and non-bank financial institutions not to deal in dollars with 14 of the Iraqi banks. I can see that if these illegal dollar cash transactions continue the CBI will close down these banks. It’s coming and this will help tremendously in bringing down and keeping down the value of the dollar against the dinar. This may be the last step in the banking sector that needs to be addressed. The diversification of banking practices to make profits with products outside of currency exchange spreads, will come naturally once the free market economy kicks in. The 3 year budget is now open and the money is being dispersed to the districts for projects.
MarkZ
[via PDK]
From Iraq:
“The crisis of the rise of the dollar returns to the fore…and an upcoming parliamentary procedure”
We are starting to see this number…this parallel price of 1132 for the dinar against the dollar. It is not trending there yet but is part of what they have been doing the last few days…They are doing this in articles all the time. They list the rate one way…then in the same article its listed another. The important part is they are trying to get to the parallel rate. I have been told repeatedly that when they do they are ready for the big rate change. At least this is progress…This thing is going to take however long it’s going to take whether we like it or not…It’s going to happen guys.
Rumors are all over the place right now…that today is going to be huge and tomorrow will be great…I am hearing a lot about the 27th for a few days now…rumors that people have money …I just have not seen that economic receipt yet. But, I am seeing a lot of people under an NDA or being effectively “hushed” right now. That makes me feel warm and fuzzy…
I have been getting calls and messages all afternoon about chase banks…about systems being down, remodelings, closing branches, adding virtual branches >…all kinds of craziness. Rumors are flying and it's very interesting whats happening at Chase as they prepare for the brand new system…The official story is they are simply downsizing banking. More and more people are going electronic… they are automating as much as they can to save on labor. The unofficial story is a number of employees are telling folks they were told to expect a lot of new wealthy customers. We are gearing toward wealth management.
[via PDK]
From Iraq:
“The crisis of the rise of the dollar returns to the fore…and an upcoming parliamentary procedure”
We are starting to see this number…this parallel price of 1132 for the dinar against the dollar. It is not trending there yet but is part of what they have been doing the last few days…They are doing this in articles all the time. They list the rate one way…then in the same article its listed another. The important part is they are trying to get to the parallel rate. I have been told repeatedly that when they do they are ready for the big rate change. At least this is progress…This thing is going to take however long it’s going to take whether we like it or not…It’s going to happen guys.
Rumors are all over the place right now…that today is going to be huge and tomorrow will be great…I am hearing a lot about the 27th for a few days now…rumors that people have money …I just have not seen that economic receipt yet. But, I am seeing a lot of people under an NDA or being effectively “hushed” right now. That makes me feel warm and fuzzy…
I have been getting calls and messages all afternoon about chase banks…about systems being down, remodelings, closing branches, adding virtual branches >…all kinds of craziness. Rumors are flying and it's very interesting whats happening at Chase as they prepare for the brand new system…The official story is they are simply downsizing banking. More and more people are going electronic… they are automating as much as they can to save on labor. The unofficial story is a number of employees are telling folks they were told to expect a lot of new wealthy customers. We are gearing toward wealth management.
Nader From The Mid East
Since December 2021 they started to build the country. They started to fix their economy. They start to fix their private sector. They start to fix their banking system…international system …the dollar against the dinar…the dinar himself…He needs a lot of work. I told you before..whoever put the dinar down, that’s the person who’s gonna put the dinar back up…It’s not the CBI. It’s not the government of Iraq and it’s not government of the United States.
The government of the United States can help, yes. The government of Iraq can help, yes. The CBI can help, yes. The call is the Treasury. The call is on Forex. The call is on all this World Bank and all that stuff. It’s not on CBI…The CBI can only get better, do better a job and get stronger and get more money, more reserves, more goals, more things like that for the dinar to go up for these people to decide, ‘Okay, Iraq has this, this, this, this, the dinar is worth this much.’ …Iraq is doing a lot better, yes.
Since December 2021 they started to build the country. They started to fix their economy. They start to fix their private sector. They start to fix their banking system…international system …the dollar against the dinar…the dinar himself…He needs a lot of work. I told you before..whoever put the dinar down, that’s the person who’s gonna put the dinar back up…It’s not the CBI. It’s not the government of Iraq and it’s not government of the United States.
The government of the United States can help, yes. The government of Iraq can help, yes. The CBI can help, yes. The call is the Treasury. The call is on Forex. The call is on all this World Bank and all that stuff. It’s not on CBI…The CBI can only get better, do better a job and get stronger and get more money, more reserves, more goals, more things like that for the dinar to go up for these people to decide, ‘Okay, Iraq has this, this, this, this, the dinar is worth this much.’ …Iraq is doing a lot better, yes.
MilitiaMan (KTFA)
They’ve been having problems with the parallel market…but they’re going to actually try to resolve it…Right now the dollar and dinar are being used in the country…multi-currency practices aren’t supposed to happen. There’s legitimate reasons for them to be able to use the dollar…the dinar is the currency of choice from the central bank. It’s by law…
They’ve been having problems with the parallel market…but they’re going to actually try to resolve it…Right now the dollar and dinar are being used in the country…multi-currency practices aren’t supposed to happen. There’s legitimate reasons for them to be able to use the dollar…the dinar is the currency of choice from the central bank. It’s by law…
No comments:
Post a Comment