Iraqi Dinar✅ Good News for the Iraqi Dinar-Hold Your Dinar-Iraqi Dinar N...

"RV UPDATE" BY WALKINGSTICK, 24 DEC

 Walkingstick  

Have we not been saying to you over and over again look for it in the beginning, in the middle or at the end of a quarter...Iraq is on a fiscal calendar year.  January 1st to December the 31st. This is the end of a quarter.  It is all about the accounting.  It's all about the numbers.

 They were mopping up excessive liquidity.  That's the 3-zeros of the Iraqi dinar and the American dollar.  Even the dinar is a liquidity that had to be mopped up to collect the 3-zeros.  They have accomplished that enough, now they are collecting the American dollar from their market.

 As the days go by and we walk toward the 1st of this year IMO so far the monetary reform is keeping its word on their intent of adding value and introducing a new monetary system called the lower denominations.

The intent of the government of Iraq and the board of directors of the CBI is to eventually float.  We see this information in the art

They have told them [Iraqi citizens] a change is coming.  Do you need another clue?  Come January 1st what are the citizens supposed to do?

  What are they supposed to use?  Should they continue to use a worthless currency?  Should they continue to live in misery, poverty, when they were promised other things?  Iraq will be another Dubai.  What more can the CBI do after the first?  Reinstate and float.  That will make the Iraqi citizens very happy...  

 Why only [spend] 20% [of their budget] in 11 months?  IOO they're waiting for a new exchange rate.  They're going to use their currency...

pressure will be reduced on the citizens by adding value to their currency...Stop using the dollar on January 1, 2024 because the monetary reform education is the key and we're telling you what we are doing. 

 IMO they are telling them all so they will understand where the monetary reform process is at at this moment.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-walkingstick-16-dec.html

They have told them [Iraqi citizens] a change is coming.   Do you need another clue?  Come January 1st what are the citizens supposed to do?  What are they supposed to use? 

 Should they continue to use a worthless currency?  Should they continue to live in misery, poverty, when they were promised other things?  Iraq will be another Dubai.  What more can the CBI do after the first?  Reinstate and float.  That will make the Iraqi citizens very happy... 

 Why only [spend] 20% [of their budget] in 11 months?  IOO they're waiting for a new exchange rate.  They're going to use their currency...pressure will be reduced on the citizens by adding value to their currency...Stop using the dollar on January 1, 2024 because the monetary reform education is the key and we're telling you what we are doing.  IMO they are telling them all so they will understand where the monetary reform process is at at this moment.

 Why only [spend] 20% [of their budget] in 11 months?  IOO they're waiting for a new exchange rate.  They're going to use their currency ...pressure will be reduced on the citizens by adding value to their currency...

Stop using the dollar on January 1, 2024 because the monetary reform education is the key and we're telling you what we are doing.  IMO they are telling them all so they will understand where the monetary reform process is at at this moment.

 The 1st of January is when no other currency will be used by Iraqi citizens inside the country except their own currency.  Don't you think that's a clue!  They are pretty much telling you without telling you.  Can you pick up on this intent?  You don't have to be a detective to pick up on a clue like this!

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-walkingstick-14-dec.html

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-walkingstick-15-dec.html

The Sudanese financial advisor reveals a surprise regarding the dollar: Watch for the decline, 24 DEC

  The Sudanese financial advisor reveals a surprise regarding the dollar: Watch for the decline

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the dollar exchange rates in the parallel market began to approach the official price set at 1,320 dinars per dollar after the recent measures taken by the Central Bank and the Iraqi government.

Saleh said in a press interview, “The high capabilities of Iraq’s currency reserves and the good management of directing them to finance foreign trade have resulted in a significant improvement in the exchange rate in the parallel market over the past period.”

He added, "The dollar exchange rates in the parallel market have begun to approach the official price, for reasons including the regularity of foreign trade for the private sector through the compliance platform, the Iraqi banks showing great flexibility in dealing with it to secure foreign transfers, and Iraq's openness to cash transfers, including electronic payment cards and importing foreign currency into...

The country regulates the financing of foreign trade in various currencies, including the euro and the UAE dirham.

He pointed out that "the measures taken by the Central Bank and the Iraqi government and the large cash reserves created a flexible market for foreign currency that contained the fluctuations of the parallel market," adding that "the dollar exchange rates continue to decline and are approaching the official price." link

"RENO BANK STORY" BY FRANK26, 24 DEC

 Frank26

  [Reno NV Bank Story] 

  FRANK:  The reason I share these with you is because the pattern is changing...  

BANK STORY WOMAN:  I called the branch office...of Chase.  I could tell I was talking to a lower level employee but I decided to continue with my questioning.  I asked, the clerk if they did foreign currency exchange and she said yes, ma'am we do.  Then I asked her if the bank would be exchanging the Iraqi dinar and dong...She said not at this time ma'am... 

 FRANK:  'Not at this time'. That is a pinch of hope, no doubt.  

BANK STORY WOMAN:  I asked, do you have any idea when they might be exchanging?  She said we never know.  Not once did she tell me it was a scam.  She was encouraging me.  She did say we would have to have an account to exchange.

Iraqi Dinar🔥CBI Decided To Establish A Company For Electronic Payments I...

Integrity commission recovers 2bn dinars from ex-officials' inflated funds, 24 DEC

 Integrity commission recovers 2bn dinars from ex-officials' inflated funds

Shafaq News / The Iraqi Integrity Commission disclosed on Sunday the retrieval of over two billion dinars into the state treasury from high-ranking officials, one of whom was an advisor to the former Prime Minister, on charges of illicit gains and the notorious "theft of the century."

The commission, in a statement, detailed that it received 1.3 billion dinars from the accused, who served as the former Prime Minister's technical advisor, constituting part of the inflation and illicit gains in their assets.

Additionally, they succeeded in returning 775 million dinars, representing the value of a bribe received by the detained accused, the office manager of the Baghdad governor, from a foreign company.

This was in exchange for awarding project contracts to specific companies. Also, they retrieved a sum nearing 25 million dinars from the rental revenues of properties belonging to the detained accused, the wife of the former General Director of the Tax Authority.

https://shafaq.com/en/Iraq-News/Integrity-commission-recovers-2bn-dinars-from-ex-officials-inflated-funds

"ANALYSIS OF IRAQ NEWS" BY FRANK26, 24 DEC

 Frank26:  US DOLLAR ONLY USED IN 3 OFFICIAL WAYS INSIDE OF IRAQ"..........F26

 Banks await the arrival of dollar shipments

12/20/2023  Baghdad: Shukran Al-Fatlawi

Iraq is awaiting dollar shipments imported by government and private banks after the recent agreements between the Central Bank and the American side. It is hoped that they will contribute to curbing and reducing exchange rates in the parallel market.

Although government sales are made at a price of 132 thousand dinars per hundred dollars, prices in the parallel market currently range between 153 thousand and 155 thousand per hundred dollars.

The head of the Association of Private Banks, Wadih Al-Handal, said: “The recent measures of the Central Bank of Iraq and the government, with regard to facilitating trade financing using new currencies, represented by the euro, the dirham, the Chinese yuan, and the Indian rupee, are a step that contributes to reducing the exchange rate of the dollar in the parallel market,” noting that “

The regulation of trade financing carried out by the government and the central bank through the entry of other goods into the platform will lead to an increase in trade financing.”

He confirmed in a statement to “Al-Sabah” that “private banks are taking great steps in expanding international relations with international banks, which facilitates the financing of Iraqi trade with countries around the world,” explaining that “the Prime Minister’s great support for the private sector is considered the beginning of reforming the Iraqi economy.”

Especially since the private sector is an important partner for the government, in providing services and jobs and reducing poverty.”

For his part, economic expert Dr. Mustafa Hantoush explained to “Al-Sabah”: The Central Bank used Instructions No. 4 of 2011 regarding the import of currency by banks licensed in the country that have the right to carry out this process to enhance capital
or for the purposes of addressing monetary crises.

He added that the US Federal Bank had earlier reduced the dollar payments that were delivered to the Central Bank due to money laundering and the seizure of the dollar by some countries close to Iraq, but the Central Bank agreed with the US Treasury on a successful and correct step to support local banks by establishing relationships with foreign banks.

And the gradual transition of operations to enhance the balance of its accounts, which is consistent with what the bank previously announced in its plan to gradually reduce dependence on the electronic platform until it ends its work next year.
Hantoush stated that there are banking transactions and deposits received in dollars, and related operations were carried out in dinars with the approval of the Central Bank, because the depositor requests dollars or transfers coming from abroad that are deposited in bank accounts, and there is no payment in dollars except in dinars, which requires strengthening capital, (A NEW EXCHANGE RATE WITH VALUE -F26)   and according to this process, the Central Bank Al-Iraqi agreed with the US Treasury on a successful step in this regard. (#1 TOLD AKI & WS, & THEN WE TOLD YOU, FAMILY -F26)

He continued that the American side deals as a merchant, concerned with the issue of profit, by imposing a reduction in the supply of the dollar, but on the other hand, when it sees its banks and companies making a profit, it agrees to most of the procedures, and it is a theory that it follows in managing the world economically.

It is noteworthy that a government source revealed that government and private banks imported $255 million within two weeks, and that a number of other requests to import the dollar are on their way to being audited and implemented, with other amounts expected to arrive within the next few days.

In turn, Imad Al-Muhammadawi, who is interested in economic affairs, told Al-Sabah: The steps taken by the Central Bank, represented by approaching banks to finance small merchants from Turkey in the euro, are extremely important as it reduces the burden and crises of using the dollar in commercial transactions.   LINK