Monday, January 8, 2024
A meeting in Parliament tomorrow to set a date for the session to elect Al-Halbousi’s replacement, 9 JAN
A meeting in Parliament tomorrow to set a date for the session to elect Al-Halbousi’s replacement
Shafaq News/ An informed source revealed, on Monday, a meeting scheduled to be held tomorrow regarding the date of electing a new Speaker of the House of Representatives to succeed Muhammad Al-Halbousi.
The source explained to Shafaq News Agency, “The heads of the parliamentary blocs will hold a meeting tomorrow, Tuesday, in the Parliament building in the presence of the Presidency of the House of Representatives in order to agree on setting the date for holding the session to elect the new Speaker of Parliament.”
On Tuesday, November 14, 2023, the Federal Supreme Court, “the highest judicial authority in Iraq,” announced the termination of the membership of Parliament Speaker Muhammad Al-Halbousi, against the backdrop of a lawsuit filed against him by Representative Laith Al-Dulaimi, in which he accused him of forging his (Al-Dulaimi’s) resignation from membership in the House of Representatives. As a result, the Federal Court ruled to terminate their membership (Al-Halbousi and Al-Dulaimi).
shafaq.com
"HYPOTHETICAL BANK INTERACTION" BY FRANK26, 9 JAN
Frank26
[Hypothetical bank interaction]
I went to Chase Bank and they told me it's a scam. Remember [FireFly boot on the ground in Iraq] tells us JPMorgan is building 10 more banks [In Iraq]. So tell them when they say it's a scam - you are really ignorant. Don't you know about those 10 banks they're building right now? No. Hey, did you know know JPMorgan
will support the Iraqi dinar 100% and that's direct from the CEO Mr. Jamie Dimon...Did you know the US Treasury has millions of dinars in its foreign reserve? Scam huh?...Did you know as of January 1, 2024 there won't be a single American dollar used in Iraq any longer and only the Iraqi dinar which means it's going to have value? ...How in the world do you not know these facts about your bank? Or are you lying...Parliamentary Defense demands the liberation of Iraq’s economy from the American grip, 9 JAN
Parliamentary Defense demands the liberation of Iraq’s economy from the American grip
Information / Baghdad…
A member of the Parliamentary Security and Defense Committee, Waad Al-Qaddo, called on Monday for liberating Iraq’s economy from the American grip.
Al-Qaddo said in an interview with “Al-Ma’louma” that “America sought directly after 2003 to impose restrictions on Iraq’s economy and finances in various ways, the most important of which isrestricting the flow of oil sales money towards the Federal Reserve, from which it is transferred to the Central Bank in Baghdad, meaning that our financial wealth is like a hostage that is controlled by the Federal Reserve.” “at a distance.”
He added, “The American restrictions on Iraqi funds take multiple dimensions and are used from time to time as a pressure card on governments to achieve their agenda,” pointing out that “liberating our economy from the American grip is a priority that will give greater flexibility in avoiding pressure cards and prevent 5 direct risks that threaten the economy, including manipulation of the parallel market.” “It created confusion about the strength of the dinar and perpetuated the file of corruption created by the American administration.”
He pointed out that “the economy is a dangerous American card that must be paid attention to and strive to crystallize a basket of currencies that will get Baghdad out of the dollar tunnel and its effects.”
The American administration imposes a series of restrictions on the circulation of the dollar and how to deal with it in Iraq, in a blatant interference that has been taking place for many years.
almaalomah.me
"RV UPDATE" BY GOLDILOCKS, 9 JAN
GOLDILOCKS
"Morgan Stanley cut its outlook for the US currency to ‘Neutral’ from ‘Bullish’. However, it noted that seasonality and short positioning could potentially still drive further upside, Bloomberg News reported."We have a lot of the BRICS currency countries getting ready to trade with each other sidelining the dollar along the way. Some have already begun this process.
This will move the price of gold to make up the difference in the following use of the dollar along with inflation that will eat at its value.
It will require more gold to fill in the gaps and create more and more need to support the dollar through these new capital requirements of Basel 3 about to be implemented on January the 16th.
This will create a profound effect on all of the Global currencies that rely on the dollar in trade especially those who are trading now in their local currencies. As this year goes on, the need to utilize the worth of gold inside these currencies around the world will make the value of gold increase. It will enable the Global currencies to hold in reserve status more gold to support their currencies rather than the US dollar.
Over time, the use of gold will determine the new values our Global currencies will have. As these currencies formulate new values inside the markets and the banking system through use-case scenarios, we will develop standard protocols capable of leveling the playing field around the world.
© Goldilocks Live Mint Link Euromoney Link
The Sulaymaniyah Stock Exchange responds to the statement of the Sudanese advisor regarding the dollar exchange rate, 8 JAN
The Sulaymaniyah Stock Exchange responds to the statement of the Sudanese advisor regarding the dollar exchange rate
Shafaq News/ The official spokesman for the stock market in Sulaymaniyah, Kuran Jabbar, expected on Monday that the exchange rate of the US dollar in the parallel market would not come close to the government pricing.
Jabbar told Shafaq News Agency, “Everyone hopes that the dollar exchange rate will approach the government pricing, but there are reasons that prevent this from being achieved,” noting that “Mazhar Muhammad Saleh’s expectations were since the beginning of 2023, but we have seen the fluctuations that the dollar exchange rate has experienced.” During the past year.”
He added, “The main reason that makes us not expect the foreign currency exchange rate to be close to the government pricing is the banking system in which the Central Bank of Iraq deals,” noting that “merchants are now required to open bank accounts in Iraqi banks for the purpose of withdrawing the dollar at the government pricing in order to control On the volume of transactions in dollars, and this mechanism requires that there be a difference between the government exchange rate and what is in the market.”
He continued, “If the exchange rate stabilizes, it is possible that the dollar will be purchased on the black market, and thus the government will lose control over the foreign transactions of the process, in addition to not benefiting from taxes and fees regarding dollar transactions by companies in banks.” He stated, “Now there are 80% of merchants who have opened bank accounts in Iraqi banks at a time when a year and two months ago there was no bank account for any merchant in banks, and this system is what requires that there be a difference between the exchange rate and the pricing, but it is possible that it will stabilize.” The exchange rate if the dinar is dealt with in all commercial transactions in Iraq, as well as if other foreign currencies are dealt with.”
Jabbar expected that the price of the dollar would stabilize with a difference of 15 thousand dinars from the government price, but this needs time.”
The Iraqi Prime Minister’s advisor for financial affairs, Mazhar Muhammad Saleh, confirmed last Saturday that the dollar exchange rates in the parallel market will fall to 135,000 for every 100 dollars in the near future.
The media advisor to the Iraqi Prime Minister, Hisham al-Rikabi, had previously stated that the exchange rates of the US dollar against the Iraqi dinar would reach the official price soon, pointing out that the government’s battle with foreign currency speculators was nearing its end.
shafaq.com
"RV UDATE" BY PIMPY, 8 JAN
Pimpy
You'll see changes IMO after the end of the 1st quarter of this year. I might be wrong on that but I'm anticipating. With all the trading they're doing, the fact that they got rid of the dollar, that is going to cause the Iraqi dinar to increase in value to the point where they might have to change the exchange rate...But any major major changes like 12 to 1 that's not small. That's a big change in the exchange rate.
In 2003...for every 1 IQD you got back $1.53 of US money. That's what it was in 2003.
They're saying 12 to 1 [possibly revisit/consider the change in 2026]. If they implemented that tomorrow I would not have any dinar left over. I'll take 12 to 1. I can pay off my house as well as a lot of other debt and start all over debt free plus having pretty church of change to put toward my retirement. [Note: Use the free Dinar Guru Calculator at the top of this page to determine how much dollars that means to you.]
Community Comment "The bad part would be when you minus taxes on it." Yeah, it's going to be capital gains tax...Whenever you're dealing with foreign currencies as an investment you're dealing with capital gains. [NOTE: Speak to your tax professional at the appropriate time to determine the right tax for your unique situation.]Exporting more than 5 million barrels of Iraqi oil to America in a month, 8 JAN
Exporting more than 5 million barrels of Iraqi oil to America in a month
Shafaq News/ The US Energy Information Administration announced on Monday that Iraq’s oil exports to America amounted to more than 5 million barrels during last December.
A table published by the administration, viewed by Shafaq News Agency, showed that Iraq exported 5.611 million barrels of crude oil to America during the month of December, with an average of 181 thousand barrels per day, higher than the month of November, in which Iraqi oil exports to America amounted to 5.130 million. barrels and an average of 171 thousand barrels per day.
He added that Iraq exported crude oil to America during the first week of January at an average of 85,000 barrels per day, while it exported an average of 22,000 barrels per day in the second week, and exported an average of 380,000 barrels per day in the third week, indicating that exports in the fourth week reached an average of 239. One thousand barrels per day.
The US Energy Information Administration stated that “Iraq came in fifth place in its exports to America during the past month after Canada, Mexico, Saudi Arabia, and Brazil. It also came in second place in the Arab world after Saudi Arabia, whose exports to America amounted to 7 million barrels, indicating that Canada came in first place.” As the country that exports the most oil to America, followed by Mexico.
shafaq.com
"RV UPDATE" BY MILITIAMAN, 8 JAN
Militia Man
Article: "URGENT: The Baghdad Stock Exchange operates on the “NASDAQ” system, and foreigners and banks have become more investors"
This is a very good sign that Iraq is opening to the world...Take notice of what they say about what currency the shares will be denominated in.. The Iraqi dinar. Take even more notice that they are telling the world that the shares will be affected by the exchange rate. With the expectation of a rate change to be stronger than the dollar one could imagine the impact that is already having and how much more growth there will be. This is a very good sign of things to come. I am so ready...
The Central Bank of Iraq is giving out instructions for what they're doing and how they're doing it...I think you should be pretty excited because I know I am...
They've totally said they're going to cease using multi currencies. You go to the grocery store, you pay your bills inside the country you're going to be doing it in dinar. You're not going to be using the dollar. You're not going to use the yuan, yen or any of those things. You're going to be using one currency ...
The dollar exchange rate will stabilize with the broader launch of the budget...
The United States Treasury, the US Federal Reserve Bank, the Bank of International Settlements, World Trade Organization, the EU, many different entities have been working with Iraq to get her to go to an international standard. The stage is set for Iraq to be international... Everybody should know that and it's not just a simple Dinar Guru situation, it's actually the largest financial entities in the world are the ones that are giving us this information. I hope you take that to heart and pay attention to it.
All of this is coming together. There's no reason for any pessimism or snide remarks for anybody around in dinarland... There's shouldn't be any doubt anymore that this is a real process and it's underway...
Iraq is going to be interconnecting with international countries and they're going to be doing it by International standards and guess what they're not going to be doing that with a 1310 program, or I call it, a punishment rate..
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-militiaman-3-jan.html
Politician: Isolating Al-Halbousi stopped the project to divide Iraq, 8 JAN
Politician: Isolating Al-Halbousi stopped the project to divide Iraq
Information/Private..
The leader of the United Anbar Alliance, Abdul Wahab Al-Bilawi, on Monday, attributed the delay in choosing a replacement for the expelled Speaker of the House of Representatives, Muhammad Al-Halbousi, to the political parties conspiring with progress, while he stressed that the removal of the latter from the position of Speaker of Parliament stopped the project to divide Iraq.
Al-Bilawi said in an interview with the Maalouma Agency, “Al-Halbousi took advantage of some parties by forging and manipulating the results of the provincial council elections,” noting that “the complicity of some politicians prevented Al-Halbousi from being held accountable for the crime of fraud.”
He continued, “Most political forces refused to vote for a candidate who came forward in order not to participate in the forgery and numerous illegal cases,” noting that “the removal of Al-Halbousi from the position of Speaker of Parliament stopped the project to divide Iraq.”
Al-Bilawi added during his speech: “Postponing the vote on the speaker of a new parliament gave illusionary power to Al-Halbousi during the elections,” adding that “the delay in choosing a replacement for the expelled Speaker of the House of Representatives, Muhammad Al-Halbousi, is due to the political parties conspiring with the Taqadum Party.”
The representative of the coordinating framework, Thaer al-Jubouri, had confirmed in an interview with the “Maalouma” agency, that “the identity of the replacement for the expelled Speaker of the House of Representatives, Muhammad al-Halbousi, has been identified,” while he confirmed that there is a consensus among the political forces affiliated with the coordination framework to nominate Representative Mahmoud al-Mashhadani for the presidency of Parliament.
almaalomah.me
"RV UPDATE" BY TEXAS SNAKE, 8 JAN
Bearded PatriotUSA
Telegram post
1/7/23
Forwarded from Texas Snake:
Well the call confirmed what I had heard and was going to share. There are more rumors and tentative release dates than anyone can keep up with starting today thru the end of March but the folks I am hearing from are suggesting our notifications will occur between the 10th and 12th of this month with exchanges commencing somewhere between the 18th and 20th with a maximum initial cash distribution via debit card of 10k with balance due deposited in your new QFS Account within 10 to 15 business days after your exchange. Is there confirmation of this via official agencies, NO, but the exchange centers are preparing for the dates suggested to schedule appointments. Best I have at the moment…….
https://t.me/Bearded_PatriotsUSA/11616
-----
Telegram post
1/5/23
Forwarded from Texas Snake:
It is 2300 hours on the 4th of January and while I have no definite date or time I am encouraged based upon preparations dealing with exchange center preparations I have become privileged to learn about that our window drawers nearer and nearer. GOD Bless you folks for hangin’ in there.
https://t.me/Bearded_PatriotsUSA/11304
https://dinarevaluation.blogspot.com/2024/01/exchange-centers-by-texas-snake-6-jan.html
Tues. 2 Jan. 2024 Texas Snake:
- “The WF Banker is back in Texas and does not anticipate on returning to the West Coast until we have concluded our exchange process and his job in these five states has concluded. He seemed very positive it wouldn’t be that long a period before he could rejoin his family.”
Folks, as I have stated before the world economy cannot continue without the RV and the powers that be know this. On Fri. 23 Dec. I spoke with a banker contact. He was going to Los Angeles or San Francisco to spend the holiday with his family. He indicated that point it might be much later into January before we did anything.
So today (Thurs. 28 Dec.) since I hadn’t heard from him, I called and spoke to his Assistant. She said he’s planning to fly back into Texas tomorrow Fri. 29 Dec. He’s got these five stages he’s involved with. He’s training a number of Wells Fargo bankers on the procedures that they have to follow in order to do exchanges.
He said that everyone that goes through an exchange process will be getting some type of a new Credit Card/ Debit Card that hooks into the QFS system. At your exchange you will get at least one or two percent of whatever you’re going to exchange immediately put on that card. They will open a new account for you, or possibly multiple accounts.
If you have more than one currency and wish to open an account for each currency, they will do all that at your exchange meeting. Then it will be 10 to 20 days after that funding will actually appear in your new accounts. I think he said it was a $10,000 dollar debit card to leave the exchange process with so you have funding at least up to 10 grand to do certain things you may need to do.
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-texas-snake-4-jan.html
The National Bank Of Iraq Nationalizes The Salaries Of Kurdistan Employees And Grants Them Numerous Loans And Facilities, 8 JAN
The National Bank Of Iraq Nationalizes The Salaries Of Kurdistan Employees And Grants Them Numerous Loans And Facilities
January 7, 2024 Last updated: January 7, 2024 Independent/- The National Bank of Iraq announced joining the “My Account” initiative launched by the Kurdistan Government, and starting to localize the salaries of the region’s employees, stressing the provision of a safe and appropriate means of paying salaries and providing them with broad loans and financial facilities.
The bank said that its selection as one of the banks participating in the “My Account” initiative reflects the great confidence that the Kurdistan government places in the bank, thanks to its provision of high-quality banking services, its ability to comprehensively and deeply understand the needs of its individual and corporate clients, and its continuous endeavor to provide them with an unparalleled banking experience with its work.
Working hard to achieve sustainable development in the country by enhancing financial inclusion and supporting government directions in the digital transformation journey. He explained,
“The National Bank of Iraq is working within this initiative to cover the needs of government employees in the region by providing various services that include;
Loan services, savings account services, and the Zanakin account, in addition to using the banking application with all its features and enjoying the discount programs offered by the bank.”
In terms of loan services, the bank confirmed, “providing many credit facilities that meet the needs and aspirations of the customers of the (My Account) initiative with appropriate interest rates and easy payment terms, while providing savings accounts and a (Zanakin) account in the bank,” noting that “this gives employees the opportunity to plan For their future and achieving their financial goals in a sustainable way,
JUDY NOTES, 8 JAN
JUDY NOTES
- They have confirmed that on Sat. 6 Jan. the Secretary of the Treasury was in Reno finalizing the efforts to launch the final phase of the Pre-Revaluation process.
- From Swiss Business Partner Luciano Pardo: “Received from a contact in Italy: All RV liquidity releases (bondholders, tiers A, B, fines and penalties, CMKX, farm claims, prosperity packages) are expected to take place this weekend.
- Sat. evening 6 Jan. Charlie Ward: Intel for you Wolvie! The whole world is going asset backed on Wed. 10 Jan, all 210 countries. In America43 states are asset-backed, with 7 to go. Europe is gold backed already, including the UK. This is different to being a part of BRICS on a different operating system “QFS.” …Charlie Ward on Telegram Sat. 6 Jan.
- Midnight EST Sun. 7 Jan. to Mon. 8 the disclosure block will begin and last for a few weeks.
- Wolverine: “Everybody has the Green Light. I am leaning to it kicking off Mon. 8 Jan. Rumor was that the codes were already entered and ready to go. A Triple A Whale had 30,000 boxes. They dropped them off a few days ago at a bank, got them audited, apparently already has been paid and was under an NDA. The Dinar can be on Forex later today (Sunday 7 Jan.) and go international.
- Sat. 6 Jan. question from Wolverine to Isaac: Are you optimistic for you call on Tuesday?
Issac: Yes I am. Last thing they told me is we are close for advances on German Bonds. We will have a QFS Account you will manage all from there. It is like an account in a cloud and only you have the codes to move and do whatever you want. I can tell you that in several banks in Europe, private ones, the big Whales will put the money and amazing things will happen there. After German Bonds comes Dragon Bonds and then come the others: first Tier 3, then Tier4a, then Tier4b (Us, the Internet Group).
- On Mon. 8 Jan. the banks will have the codes and from there to Fri. 12 Jan. is the window.
- The call will begin on Monday, January 8. I don’t know that they have given specific time slots for each group of sellers. Guys, get ready for greatest transfer of wealth on the planet. Everything is as I received yesterday. Everything is better and better. We are waiting for the start of the new week. Waiting for Dinar to go international, which may be just about now.
- Thursday, January 11: Official public announcement from NESARA, GESARA.
- Wednesday, January 17: Official public announcement of the new US asset/gold-backed banknote.
- By Tuesday, January 30: countries around the world will be fully integrated into the quantum financial system.”
- “The final code will enter simultaneously into all Redemption Centers around the world.
- There are some Whales that got paid, I know I was on the live call when that happened. Incredible news again. Lots of movement in Reno. I know AAA High Level Whales who were traveling to Reno to get paid and some Whales have been paid.
- Get ready. I have absolutely faith in God. I am convinced, more than ever now, than things will start at the beginning of this new week.
- Let’s pray that this news does not change course. If something of value comes through, I will let you know.
- I wish I could tell you more, but it is confidential. What info I got was official. It is happening.”
- Thurs. 4 Jan. Bruce: Two sources say Tier4b (Us, the Internet Group) notification would happen any time between now and Monday 8 Jan. Late this afternoon one source said all RV releases started this weekend – Bond Holders, Tiers A,B, Fines and Penalties, CMKX, Farm Claims, Prosperity Packages, etc.
- For some time the Iraqi Dinar has been trading upward on the back screens of the Forex. By Jan. 1 2024 the new Dinar in-country Rate was revalued and being used within Iraq, while the fiat US Federal Dollar was outlawed in the country.
Al-Sudani Chairs The Fifth Meeting Of The Supreme Committee For Reconstruction And Investment, 8 JAN
Al-Sudani Chairs The Fifth Meeting Of The Supreme Committee For Reconstruction And Investment
Sunday 07, January 2024 18:07 | Economical Number of readings: 195
Baghdad / NINA / Today, Sunday, Prime Minister Muhammad Shiaa Al-Sudani chaired the fifth meeting of the Supreme Committee for Reconstruction and Investment, in which the topics on the agenda were discussed and decisions were taken regarding them.
A statement by the Prime Minister's Media Office explained that in order to solve the housing problem, which represents one of the priorities of the government program, it was approved to proceed with many housing projects in several governorates, in different categories that suit the segments of Iraqi society.
The meeting witnessed the approval of authorizing the Ministry of Construction, Housing and Municipalities to negotiate with the company executing the housing complex in Diwaniyah Governorate, for the purpose of terminating contractual obligations with the company and completing the completion of the project by the same company through the investment method, and presenting the results of the negotiation to the Supreme Investment Committee to take the appropriate decision.
It was also approved to Exempting the Ministry of Industry and Minerals from the declaration requirement stipulated in Council of Ministers Resolution No. (2450 of 2019), amended by Resolution (23774 of 2023), for the project to rehabilitate and develop the refined sulfur production line, which has been suspended since 2003, in the Mishraq field, for the benefit of Rafidi Iraq Trading Company. And general contracting./End https://ninanews.com/Website/News/Details?key=1099622
"RV UPDATE" BY TEXAS SNAKE, 8 JAN
Sun. 7 Jan. Texas Snake:
“Well the call confirmed what I had heard and was going to share. There are more rumors and tentative release dates than anyone can keep up with starting today thru the end of March,
Iraq Surpasses Saudi Arabia In Oil Exports To America, 8 JAN
Iraq Surpasses Saudi Arabia In Oil Exports To America
Energy Economy News _ Baghdad The US Energy Information Administration announced on Sunday that Iraq's oil exports to America decreased over the past week.
The administration said in a table seen by Al-Iqtisad News, “The average US imports of crude oil during the past week from nine major countries amounted to 5.909 million barrels per day, an increase of 1.37 million barrels per day compared to the previous week, which amounted to 4.872 million barrels per day.”
She added, "Iraq's oil exports to America amounted to 239,000 barrels per day last week, down by 141,000 barrels per day from the previous week, which averaged 380,000 barrels per day."
She pointed out that "most of America's oil revenues during the past week came from Canada at an average of 3,796 million barrels per day, followed by Mexico with an average of 952 million barrels per day, and oil revenues from Brazil amounted to an average of 305 thousand barrels per day, and then Libya at an average of 171 thousand barrels per day."
According to the administration, “the amount of American imports of crude oil, from Saudi Arabia, is at a rate of 139,000 barrels per day, from Colombia, at a rate of 129,000 barrels per day, from Nigeria, at a rate of 95,000 barrels per day, and from Ecuador, at a rate of 83,000 barrels per day, while no quantity of oil was imported.” Russia". 01/07/2024 - https://economy-news.net/content.php?id=39201
"RV UPDATE" BY MNT GOAT, 8 JAN
Mnt Goat
I am told they fully intend to have this parallel market on target and under control within January...if they can accomplish this target, we know what their next move will be... We don’t need to speculate...We know as a FACT!
The CBI is still closely monitoring the parallel rate...the parallel rate is expected to decline sometime in early January and at least match the CBI “official” rate. At that time the CBI will revalue the “official” rate to much closer to if not at 1000. Then again drive the parallel market to match it. This may take some time but I am being told they are talking weeks and not months... my CBI contact tells me we are almost here now and with the opening and spending of the 2024 budget and currency swaps with other neighboring countries for trade, it should finally break the parallel market and end it.
So, 2023 was an outstanding year for progress in the currency monetary reforms in Iraq. I could hardly believe that so much was done in such a short period of time, if you compare the other 20 years since the 2003 invasion. In today’s news we read multiple articles talking about all this progress and how they have so far managed to get the parallel rate from 160,000 to 145,000.
This is very close to the official CBI rate of 132,000, but not yet there as they expected. My CBI contact is telling me they still want to bring it closer and more stable. Currently there are still too many wide swings too often. It’s all very good signs but now there yet.
My CBI contact tells me they do need it closer and stable and when it does, they will trigger another CBI official rate revaluation. But this will still be the program rate not what we want.
We need to keep our eyes on the CBI “official” rate.
When this rate drops again, I was told they will move ahead on the project to delete the zeros. They want to accomplish this in the month of January and are optimistic they can. So, this is the very good news for today to kick off the new year.
https://dinarevaluation.blogspot.com/2024/01/we-need-to-keep-our-eyes-on-cbi.html
Central Bank Of Iran: Tehran And Moscow No Longer Need “SWIFT” In Their Dealings, 8 JAN
Central Bank Of Iran: Tehran And Moscow No Longer Need “SWIFT” In Their Dealings
January 7 21:13 Information/Continue...Deputy Governor of the Central Bank of Iran for International Affairs, Mohsen Karimi, announced on Sunday that Iran and Russia no longer need the “SWIFT” system in transactions between them. Mohsen Karimi said in a statement to Iranian television:
“Exporters from both countries have the possibility of exporting in their national currency,” adding:
“In this project, exporters and importers exchange their goods for riyals. As for the countries from which we import with riyals, it is possible to export to them with riyals as well.”
Karimi referred to the opening of a letter of credit between Iran and Russia, saying:
“We have linked the correspondence network between the two countries, which means that the banks of the two countries no longer need to communicate through Switzerland.
It is possible for the exporter to submit an invoice in riyals to the Russian side and receive the money from the Russian banks.” in Iran". Karimi added:
"Iranian businessmen will be able to conduct their economic transactions with Iraq and Afghanistan in riyals during the next six months."
For his part, the Minister of Trade of the Eurasian Economic Union, Alexandrovich Slinev, explained:
“A large volume of our trade is carried out in national currencies, and 8the performance of our central banks is improving,” according to what was reported by the “Mehr” agency. LINK
"RV UPDATE" BY BEARDED PATRIOT, 8 JAN
Bearded PatriotUSA
Telegram post
1/6/23
Kathleen Record
It appears to me that the news is a flood now. I can’t even keep up with all of it. Tressy, what is this about the 10 day countdown put out by Scavino and mentioned by today’s X22 report?
The TREK with Theresa Griffith
I didn’t hear that, but I just got an update and that lines up with the timeframe I was given for the roll out of NESARA benefits, including Debt Jubilee.
Kathleen Record
You mean this weekend maybe January 7th?
The gap between supply and demand ‘strills’ the Iraqi dinar. Two paths of low dollar prices, 8 JAN
The gap between supply and demand ‘strills’ the Iraqi dinar. Two paths of low dollar prices, 8 JAN
The former Director of the Bureau of Financial Supervision, Salah Nouri, today, Sunday, identified two paths through which the exchange rate of the US dollar against the Iraqi dinar can be reviewed.
Nouri told {Euphrates News}, “the exchange rate is determined between supply and demand,” noting that “the demand for dollars from traders for the purpose of import, which is very diverse due to the disruption of industry and agriculture, while the supply is sourced by the Central Bank through banks, banking offices and foreign transfers.”
He added, “The central bank has taken many measures in accordance with the agreement with the US Federal Bureau to legalize foreign transfers and eliminate dollar smuggling outside the controls and procedures of the Central Bank.”
However, “in any case, a gap between supply and demand remains, and demand is met by banks with their dollar balances, and this remains fluctuating up and down,” Nouri said.
The former director of the Bureau of Financial Supervision continued, “If the situation of traders adapts to the procedures of the Central Bank, the difference between the official exchange rate and the parallel market price will be small, but some traders complain about the complexity and slowness of the central bank’s procedures, which pushes them to demand from the parallel market.”
He pointed out that “the exchange rate is falling as a result of the central bank’s dealing with several import currencies with foreign and Arab banks.”
On February 7, the Council of Ministers announced the approval of the amendment of the dollar exchange rate to 1320 dinars per dollar.
About a year ago, specifically since the Central Bank began working on the electronic platform and the international financial transfer system “SWIFT” (SWIFT), dollar exchange rates in Iraq have not stabilized despite the government and the central bank’s attempts to control the exchange rate in parallel markets.
From.. Raghad Daham