"RV UPDATE" BY CLARE & SANDY INGRAM, 14 NOV

 Clare 

 Article: "An Iraqi-American agreement to enhance Iraqi bank balances in dollars, yuan, and Indian rupees" Quote: “In light of the recent meetings of the Central Bank with the American side, the number of banks that can directly strengthen their balance in US dollars has become ten banks, five through Citi Bank, and five other banks other than the first. Through JP Morgan Bank."

Article:  "A government source reveals the outcomes of the meeting between the Central Bank and the American side"  Quote:  "It was agreed to enhance the advance balance of five Iraqi banks in their accounts in dollars with Jordanian banks and transfers via (JP Morgan), noting that the problems related to the rejected transfers were resolved..."

 Article:  "Intensive Iraqi-American meetings in the Emirates result in important decisions regarding external transfers of the dollar”  

Quote: "The official Iraqi News Agency quoted a government source as saying that intensive meetings took place during the past few days in Abu Dhabi between a delegation from the Central Bank of Iraq and the American side responsible for foreign transfer operations to cover imports, indicating that the negotiations culminated in a number of decisions and mechanisms that contribute to facilitating procedures. Regarding external transfers related to imports through the foreign currency sales window."

 Sandy Ingram 

 Iraq has the same mattress banking issue as Zimbabwe.  Iraq has introduced the POS (Point of Sale) digital currency and is literally taking cash off the table.  In addition Iraq will eliminate the US dollar from all public transactions beginning January 1 2024. 

 Iraq is gaining control over its currency.  What we as investors must figure out is how can we participate in this money transfer to digital without actually traveling to the Middle East which is nowhere near safe..