STATUS OF THE RV
I have to start off with my commentary today with some really good news, actually some WOW! WOW! WOW! news. I know WOW again. Is this getting boring yet? I hope not because there is much, much more to come in the near future.
😊 As usual I want to begin the news today with what I feel is one of the most important articles. In fact, I would definitely call it a “WOW!” article. The title is “TRADE BANK OF IRAQ ANNOUNCES THE IMMINENT OPENING OF A CASH DEPOSIT CENTER IN KARKH”
So why am I excited today when I read this article?
The article is telling us that the Trade Bank of Iraq announced on Monday, the imminent opening of the cash deposit center in the Karkh side. What is a “Cash Deposit Center”? And most importantly why establish these centers, which this one will not be the last.
The opening of this center is imminent based on the directives of the respected Prime Minister, Mohammed Shia Al-Sudani.
It was explained in the article that this center receives all cash deposits only for all customers,” indicating that “this is a new service that the bank will launch with the aim of providing the best services to customers, and to contribute to reducing the pressure of cash deposits on its other branches in Baghdad.”
Oh…. So where is all this cash coming from and why a sudden surge in citizens bringing cash to the bank?
But this cash center is not alone in receiving these cash deposits. It is only taking the pressure off the overwhelmed other banking institutions. Yes, this is really happening in Iraq and I have FULL confirmation it is now ongoing.
Remember I told you, and we read articles to prove it too, that the CBI needs to shrink the monetary mass by two-thirds (2/3).
How can they do this if the citizens didn’t trust the banks. Well now with the electronic banking effort and the transition to the digital banking it appears they are now beginning to bring in their hard currency to the banks for deposit.
The banks need some of this money for liquidity to loan out. Remember it all just becomes digits for now until they issue a smaller percentage of it in the newer lower denominations.
This article is yet another sign this is happening and will progress further as the weeks and months roll on. Why else would they set up bank branches for the sole purpose of taking in cash only? There must be a lot of it coming in. The CBI will have to retrieve close to 70 trillion dinars.
After talking to my CBI contact about this article I was told that this process is part of the Project to Delete the Zeros and her committee is now working with the banks to retrieve this hard currency.
They expect it mostly in dinars not dollars. The dollars the citizens can sell to the Black Market and get higher rates than the official rate. But it is the dinars the CBI wants.
The important part is coming to you today to explain all this is that the Project to Delete the Zeros has begun.
But we must not go off half cocked yet. Let’s just watch the steps that must be accomplished for the project to be successful. Remember there are the steps to this process and I outlined them in my blog. Did you have a chance to read it yet? Please go and review it.
If you really want to know the TRUTH about this RV you must first be grounded in the plan, know the FACTS and know what to expect and what is coming. Then guage the news to the plan to see where we stand in the process. This is the ONLY way you get around all these stupid intel guru rumors and lies...TO BE CONTINUED
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