They are protecting the dinar and they’re protecting the exchange rate from any speculation, fluctuation, lies, profiteering from any Iranian thief. This is amazing. This is 304…They just blew the door wide open to bring forth the new exchange rate, the budget, the HCL, the lower denoms, the coins, the future of Iraq…
[Iraq boots-on-the-ground report]
FIREFLY: All the corrupt people in Iraq are trying to blame the USA for the issues. They’re saying it’s the USA ‘s fault. However the problem, just like Alaq told us, is in the local merchants that are refusing to get on the dinar platform and still use the dollar and smuggling of dollars outside of Iraq by false companies, by citizens we know is the corrupt that are getting caught. We know this.
This week I had an interesting conversation with my CBI contact in Iraq. I was told to expect yet another “official” rate change of the dinar from the 1320 rate. I was told the new measures were trying to get as close to 1000 rate as possible. I asked about a more specific number, but I could not get a commitment on the actual range. However, I was told that the measures to be taken in the coming weeks should move the dinar within this range.
What is the plan once this new rate range is met? I was told that the CBI could then go ahead with the project to delete the zeros. We know that when this new rate is rolled out the CBI will then drop three zeros from the currency. It was my feeling that they are heading to around an 1166 from 1320 rate so we are not that far to go and these new measures should take them to the rate they need.
In today’s news the CBI tells us that on Thursday (August 3, 2023),
the Central Bank of Iraq revealed new decisions that will be issued next week to reduce the price of the dollar in Iraq…We know this is the fourth time the CBI told us they were implementing a package of currency reforms…
MilitiaMan (KTFA)
Article Quote: “The Deputy Governor of the bank…promised yesterday other decisions will be issued next week that may contribute significantly to reducing the dollar exchange rate.”
They’re talking about reducing the dollar exchange rate. They can do it in the official sense or they could be considering that to be in the parallel market sense. IMV…the quote for the black market or the parallel market…were fake. Basically the corrupt were cheating the corrupt and some of them were complaining…there’s something happening next week.
Article Quote: “…the printing of the Iraqi currency will not be random...there’s no fear of any increase in the monetary mass.“
…What they’re talking about is education. They’re telling people educational items…So if they do print a currency…it’s going to do it for a purpose...If they increase the supply of currency on the street it’s going to devalue the currency. What they’re stating is there’s no fear of an increase in the monetary mass therefor there would be no reduction in the value of the dinar.
..they keep reiterating next week which may contribute significantly to reducing the exchange rate of the dollar…
Nader From The Mid East
We’re waiting for next week. We see what’s going to happen. I hope we go to 1000 because once it goes to 1000 I’m sure they’re gonna remove the zeros and it’s be 1 to 1. I hope so. I hope this was gonna happen. That’s what everybody think is going to happen. But it’s tough. It’s not easy…
MarkZ
[via PDK]
Question: …do you think there will be an interim rate change in Iraq to between 1000 and 700 before they drop the three zeroes and get us to better than 1:1?
MarkZ Answer: If you had asked that a few weeks ago I would have said yes. But asking that today-I think they are going to skip that step…but we will see.
CBI has the budget. Banks have until Sunday to “synch up” with the Central Bank of Iraq.
Action on Sunday will drive the Dinar rate DOWN to 1,300 to 1 US Dollar. This will match the rate on the street and the budget.
CBI will then “revalue” to 1,000 to 1. Target date is Wednesday.
CBI will then “drop the 3 zeros” to 1-$1 with the US dollar, at which point the Dinar will be tradable and “floating” on the Forex. It will NOT float down.
Political hurdles have been cleared.
“Health crisis” of a major figure was an assassination attempt. Failed.
No moves left.
First major figure to “leave the stage” on Thursday 10 Aug.
This is the plan as of todaySat. 5 Aug, as I understand it from separate sources. We’ll see. All we can do is wait and hope that events unfold along these lines. Enjoy your weekend. Watch some sports and pray this in.
TNT Candy Kisses:The Iraqi Parliamentary Finance Committee stated on Sat. 5 Aug. that the Iraqi budget (that contained the new Iraqi Dinar Rate) would be implemented sometime this week. Clare: And finally – 50 days after its approval, the budget enters into force.
Sat. 5 Aug. Bearded Patriot
We have good news and not so good news. I will start with the “Not so good news”
The Iraqis have decided NOT to publish the new rate into the Gazette this Saturday. In order for me to explain why….I will be crossing the line of agreement of information (even though you have the right to know). So, I won’t be able to explain why in detail to you. Please try to understand.
There’s a definite and final BACKWALL that was established by all participating countries. This slight delay will help some countries that were not ready for the RV, therefore giving them the time to complete their efforts so they too will be a part of this RV.
THE GOOD NEWS is that due to the slight delay, this will allow other countries, including but not limited to Iraq, Dong, Dinar and all other participating countries for their currency values to “INCREASE” before we move forward.
I can tell you that this will be completed before the end of August.
Please forgive me for missing this date of RV. ALL SIGNS, INDICATIONS AND COMMUNICATIONS were there and I had so much confidence that it was happening. LET ME BE VERY CLEAR, there was NEVER EVER ANY INTENTION OR PURPOSEFUL MISDIRECTION TAKEN ON MY PART TO HURT OR HARM ANYONE AT ANYTIME REGARDING THE TIMING OF THIS EVENT. (I can just hear the trolls already!)
Although this is a setback….it’s not the end by far. We will still have the RV, it will be just a couple of weeks from now.
Judy Note: Word has been receivedthat the Iraqi Parliament had received the new budget with the new Iraqi Dinar Rate in it and planned that new rate would be implementedthis week; the Iraqi Dinar would be revalued at a 1:1 with the USD and then begin trading up on the Forex onWed. 9 Aug–the same datethat 25,000 US Navy and Marines, six Maritime Commands and seven Fleets would begin a large scale exercise on Global conflict that covered 22 Time Zones across the world – and would endon Fri. 18 Aug.
The next day after the Dinar revalued on Thurs. 10 Aug. a “major figure will leave the stage.”
Last Friday the BRICS nations set the Back Wall for the RV at Sat. 12 Aug.
On the Banking side, Bank of America was closing US branches in August. Banks had until Sun. 6 Aug. to synch up with the Central Bank of Iraq and it’s new Iraqi Dinar Rate; Wells Fargo customers were reporting that their deposits were disappearing from their accounts, plus on Mon. 7 Aug. the World’s largest bank, the United Bank of Switzerland American Group, was making sweeping changes to restructure the bank.
So, on Monday Representative Baqir Al-Saadi expected that the dollar exchange rate against the dinar will continue to decline in the coming days.
Al-Saadi said, that common external-internal factors were behind the rise in the exchange rates of the dollar in the parallel market in Iraq in recent weeks, in a way that raised public concern.
In today’s news the CBI tells us that on Thursday (August 3, 2023), the Central Bank of Iraq revealed new decisions that will be issued next week to reduce the price of the dollar in Iraq to be continued.
We know this is the fourth time the CBI told us they were implementing a package of currency reforms.
On Thursday, the Central Bank identified three categories of exchange companies for selling the dollar to travelers, and while it revealed a proposal regarding the entry of imported goods through the border crossings, it indicated that there are new decisions that will be issued next week that may contribute to lowering the price of the dollar.
This week I had an interesting conversation with my CBI contact in Iraq.
I was told to expect yet another “official” rate change of the dinar from the 1320 rate.
I was told the new measures were trying to get as close to 1000 rate as possible.
I asked about a more specific number, but I could not get a commitment on the actual range.
However, I was told that the measures to be taken in the coming weeks should move the dinar within this range.
What is the plan once this new rate range is met?
I was told that the CBI could then go ahead with the project to delete the zeros.
We know that when this new rate is rolled out the CBI will then drop three zeros from the currency.