Sunday, July 14, 2024
The Governor of the Central Bank of Iraq made an unannounced visit to Washington regarding the Chinese yuan
The Governor of the Central Bank of Iraq made an unannounced visit to Washington regarding the Chinese yuan
Informed sources revealed, on Saturday, that the Governor of the Central Bank of Iraq, Ali Al-Alaq, is making an officially unannounced visit to the United States of America to discuss with officials in Washington regarding the US Federal Reserve’s decision to stop Baghdad’s dealings with the Chinese yuan.
The sources told Shafaq News Agency that Al-Alaq left for Washington last Tuesday to meet with officials at the Federal Reserve and the US Treasury.
She added that Al-Alaq is discussing with American officials the decision to stop Iraq's dealings with the Chinese yuan, indicating that the Governor of the Central Bank is also discussing during his visit the required obligations regarding Iraqi banks that are deprived of dealing with the dollar.
The visit of the Governor of the Central Bank of Iraq, Ali Al-Alaq, to Washington coincides with a major jump in the exchange rate of the dollar against the dinar, and more than two months after the visit of Prime Minister Muhammad Shia Al-Sudani to the United States.
https://www.shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D9%85%D8%B5%D8%A7%D8%AF%D8%B1-%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D8%A7%D8%AC%D8%B1%D9%89-%D8%B2%D9%8A%D8%A7%D8%B1%D8%A9-%D8%BA%D9%8A%D8%B1-%D9%85%D8%B9%D9%84%D9%86%D8%A9-%D9%84%D9%88%D8%A7%D8%B4%D9%86%D8%B7%D9%86-%D8%A8%D8%B4-%D9%86-%D8%A7%D9%84%D9%8A%D9%88%D8%A7%D9%86-%D8%A7%D9%84%D8%B5%D9%8A%D9%86%D9%8A
RV UPDATE BY TEXAS SNAKE, 14 JULY
TEXAS SNAKE
Very hopeful banker will provide me an anticipated redemption date in the morning.
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TEXAS SNAKE
Well folks it's not like we haven't heard this before but, I just got off a call from Hong Kong, London, NYC, Reno, and me.
They are indicating that certain bond holder groups are having funds disbursed to paymasters over this weekend and that we as currency holders should remain vigilante for notifications this coming week.
An FYI only as banker has not suggested same.
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TEXAS SNAKE
Texas Snake, [07/03/2024, 8:33:10 p. m.]
No guarantees but the latest from the banker is the skuttlebutt from above him is certain bond groups will be notified over this weekend and should that occur the currency notices will go out next Tuesday or Wednesday with appointment scheduling afterwards with exchanging beginning the week of the 15th of July.
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TEXAS SNAKE
Well one item that was confirmed during the call is that there were hundreds of ATM machines positioned all over the city and loaded with new lower denomination notes. They anticipate this weekend or during the Holy Week celebration.
Well folks there appears to be some degree of validity to this as I just heard from the UK banker putting me on alert.
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Sat. 29 June 2024 Texas Snake
“I have nothing to confirm the hour we will be notified about appointments to exchange or the dollar value of same, I do know the banker has had his staff on a one hour call to report to their assigned locations once the release has become authorized for the past three days, and that the rate in country was published in the Gazette today Sat. 29 June 2024. So folks we are extremely close. GOD Bless.”
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TEXAS SNAKE
As most know our Saturday is Iraq's Sunday. The new Budget was included in the latest Gazette but the rate was not given. I now have it from 3 different sources that Iraq is planning a nationwide celebration for this Sunday.
There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM's with the new currency will be opened. So this is my hoped for announcement for tomorrow. GOD Bless.....
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Just an FYI but I closed the room after the comments about Gurus and MarkZ, this room is for my connections with major international bankers and NYSE upper management as well as a WF banker involved with actual exchange centers his bank has prepared to do actual monetary exchanges of currencies.
I plan on advising once the exchange platform is about to begin so we will have an advance alert.
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-texas-snake-via-telegram.html
"THE MONETARY REFORM IS VERY LOUD" BY FRANK26
KTFA
FRANK26: "THE MONETARY REFORM IS VERY LOUD"......F26
Iraqi-American talks on the exchange rate of the dinar against the dollar
7/12/2024
Baghdad
Foreign Minister Fuad Hussein discussed today, Friday, July 12, 2024, during his visit to Washington with the US Under Secretary of the Treasury for Terrorism and Money Laundering, Brian Nelson, the dollar exchange rate and lifting US sanctions on 32 Iraqi banks.
A statement by the Iraqi Foreign Ministry, received by "Baghdad Today", said that Hussein - who heads the Ministerial Council for the Economy - discussed with the American official "the issues that the two parties are working on according to their previous reform agreements."
During the meeting, Hussein stressed, according to the statement, "the Iraqi government's commitment to moving forward with its reform and economic measures related to the Iraqi banking system and the energy sector."
He explained that "the government's policy seeks to achieve Iraqi energy independence through associated gas investment projects, and to develop the working mechanism of Iraqi banks in a manner consistent with international standards to ensure transparency and provide open data, which enables banks to provide the services needed by the Iraqi people."
The Foreign Minister called on "the American side to reconsider the sanctions imposed on about 32 Iraqi banks, as they were involved in the structural reform process."
Hussein pointed out that "the stability of the Iraqi dinar exchange rate against the US dollar represents a fundamental pillar for achieving economic, social and political stability in Iraq, which is what the government seeks to achieve," calling on the relevant American institutions to review it and build on it.
For his part, Nelson praised "the steps taken by the Iraqi government to support the Iraqi economy and address the challenges it faces."
He stressed that "the relevant American institutions understand the seriousness of the Iraqi government in modernizing the work mechanisms in Iraqi institutions," expressing "the American side's readiness to help Iraq address the obstacles that hinder its reforms, in a way that reflects positively on the Iraqi economy."
LINK
SUMMARY OF THE LATEST RV UPDATES OF MNT GOAT, 14 JULY
LATEST FROM MNT GOAT
I just want to conclude today by saying that everything is set to move ahead with the process of currency reform. We are just waiting. We know that the next step must be taken to move ahead and that is to revalue in-country only first just slightly over a dollar, then conduct the Project to Delete the Zeros as the currency swap out takes place.
The CBI told us then they plan to monitor for a short time for inflation and then move to reinstate the dinar back to FOREX and when doing so the IMF plans to place the dinar in a new peg as in a basket of currencies and float it. Today we witnessed a confession by former MP Ayoub Al-Rubaie who confirmed on Tuesday that Washington failed in Iraq by stalling this work.
Yes, we still also wait for the Oil and Gas law. In my last Newsletter dated 6/27 I presented an article explaining, once again, the issues preventing this law from moving ahead as quickly as they desire. So, knowing this could this actually be the reason why Biden is stalling.
Is this then Biden’s fault or Iraq? Remember Iraq did agree to “fully” implement their constitution and the US told them they will not reinstate their currency until it is implemented. But remember this was not the only issue and so let’s not now go off half-cocked once again with this foolish mindset that one event will trigger the RV. Just also remember once again all the intel guru lies about the budget and how they tried to convince everyone the new RV rate was in the budget. It was not and never will be. This was out of ignorance. Let’s not go down that road again…..please! 😊
https://dinarevaluation.blogspot.com/2024/07/latest-from-mnt-goat-everythinh-is-set.html
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...everything is set to move ahead with the process of currency reform. We are just waiting. We know that the next step must be taken to move ahead and that is to revalue in-country only first just slightly over a dollar, then conduct the Project to Delete the Zeros as the currency swap out takes place.
The CBI told us then they plan to monitor for a short time for inflation and then move to reinstate the dinar back to FOREX and when doing so the IMF plans to place the dinar in a new peg as in a basket of currencies and float it. ...this should have already been accomplished in June and is late. It is failure on the part of the US because the US is still stalling it.
In light of the strength of the official central exchange market, the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level...” Saleh...
financial advisor to the Prime Minister...is telling us...the parallel market versus the official rate are under control and no longer an issue for stability. It also tells me they have their inflation problem under control. This is amazing because my CBI contact told me this one of a few other issues was the reason why the Project to Delete the Zeros was not kicking off...
https://dinarevaluation.blogspot.com/2024/07/latest-from-mnt-goat.html
UN votes to end Iraq political mission, 25 NOV
UN votes to end Iraq political mission UNITED NATIONS — The U.N. Security Council voted unanimously Friday to end the U.N. political miss...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...