...If they lift 3-zeros that's still not enough because that would be at a 1 to 1. They need this thing to float...IMO I think the Iraqi dinar will at least come out at 1 to 1 because that's what they say. Then I believe deep IMO they are going to float this currency.
That's when it's going to get tough on you. You're going to be so tempted to go to the bank and exchange everything you've got at 1 to 1. Wouldn't you like to exchange at 2 to 1? 3 to 1?...I believe 1 to 1 is their goal but the hard part is for you to decide if you want to exchange at a higher exchange rate... [Post 2 of 2]
Question: "What do you think the rate should be?" You have to understand this is a Middle Eastern currency. Do you think it should have the value it has now? Of course not...Saudi Arabia what's your exchange rate to the dollar? $3 plus. UAE what's your exchange rate to the dollar ? $3 plus. Saudi Arabia...what's your exchange rate to the American dollar? $3 plus. Do you get my point? [Post 1 of 2....stay tuned]
I have a dear friend who used to be military...but still works indirectly. Therefore consider my friend to have contractual agreements. These contractual agreements are with Iraq and Vietnam. My friend calls me and say, 'Frank, I'm ready to expand...but my financial people are telling me wait..
.There is a major financial change that is about to occur and we think it would be wise for you to just wait. You see Iraq has a lot of dong in their reserves and Vietnam Central Bank has a lot of Iraqi dinar in their reserves.' Something is happening.
Sun. 3 Sept. Wolverine: “Some Bond Holders report they have been notified to set their appointments. I just received confirmation that the Green Light comes from Iraq. When the rates go international it’s GO TIME BABY.”
Judy Note: We have been told in the past that Tier4b (us, the Internet Group) would be notified to set our exchange/redemption appointments within 72 hours of Bond Holder notification.
Sun. 3 Sept. Texas Snake: The reports remain very positive, but the release still appears to be with Iraq and release of value in their budget, which is anticipated to be this week.
Fri. 1 Sept. MarkZ: I have some group leaders telling me that they know the exact timing, they are not telling me the date, but they seem as content as the Cheshire cat! Bond people were still expecting contracts at any time.
On Fri. night 25 Aug. a couple of humanitarian projects received full funding. Banks were saying there would be a free flow of money after the Labor Day banking holiday on Tues. 5 Sept. Redemption Center folk were told not to take a Labor Day vacation and to be available on Sun. 3 Sept.
Fri. 1 Sept. TNT: Iraq announced a rate change to 1000. Sometime over the weekend we’ll have an RV.
Amiel Alston Sharing from a friend: Saw this today, very exciting. Stacy G shares her recent conversation with a Wealth Management firm. Very encouraging news: “Today I’m getting my brakes done and noticed a Wells Fargo Financial Advisor building across the street. So, yup I went over there. I asked about their services and a wealth manager took me into a booth as the other rooms and offices were full. I explained I have foreign currencies and which kind. I asked what they provide. I was given a quick dissertation and told to make an appt as soon as I have the money. He knew about the coming currency revaluation. He said it is imminent and recommended I set up a team of their provisional wealth managers. Lol. He said the Zim bonds are considered fractional currency due to the high amount and will pay out in the billions. His words. We shall see. The Dong, Dinar, Bolivars and Zim agro cheques will all be worth larger values than people understand. I am definitely glad I went in. They know. They know we know. They are ready.”
On Fri. 1 Sept. the Quantum Financial System was fully integrated.
BRICS-Pay has just been announced for merchants and end customers worldwide! So far, it still looks like a normal payment service provider. It only gets interesting when your own new gold-backed currency is added
Wolverine claimed that on Fri. 18 Aug. Wells Fargo Bank received the cash release codes and the global launch of the funds took place across the Planet, marking the beginning of the registered global asset redemption program.
The Global Currency Reset appeared to be announced on Tues. 22 Aug. 2023 when the BRICS Summit launched BRICS Pay, a decentralized multicurrency digital international payments system. https://www.brics-pay.com/.
Charlie Ward: “Months ago everything was completed for the Global Currency Reset, it just hasn’t been announced. The BRICS nations, BRICS bank and QFS have been fully trading in gold-backed digital currency for 8-9 months.”
RV Highlights on Telegram Sat. 2 Sept:very important Redemption instructions:
Step 1 – We must wait for the SafeLink website. This website can be passed along to anyone. There is no harm, there is no fault if it is shared and seen by those who are not invested in global currencies.
Step 2 – When you receive that notification, you will go to the SafeLink website. It will ask you a series of questions based on public knowledge/information in the public domain about you, where it will confirm your identity. It may ask you for an address that you have been associated in the past… or certain people who are part of your family, area code, zip code, or the vehicle you drove, etc. with general multiple choice answers.
Step 3: You’ll be given an 800 number to a call center that works for the US Treasury. You’ll call this & provid the zip code of wherever you want to go to your appointment. Many of the redemption centers are in the US predominantly. On the call, you will be asked what currency/bonds you have and you will only tell them the names of the currency/ bonds you are holding. *They won’t ask how much*. Don’t reveal how much either. If you have Zim bonds / notes, you will need to go to redemption center. If you have any of the other currencies you can be helped at any top tier bank. Once you give them your information, they will give you a number to make your appointment at a facility. and as I understand that, that number is only for you. And you may have to sign a draft NDA, just so you don’t tell other people about it.
(Note: The SafeLink website/800 numbers/instructions will be sent via email to all TETELESTAI Package subscribers. It will also be posted on the main blog for non-subscribers. ~ Dinar Chronicles)
Biometrics authentication and identification:
THIS is the BIG reason you must visit the Redemption Center. 30% (or more) of the people you see are not who they say they are.
Biometrics allows a person to be identified and authenticated based on recognizable, verifiable, unique, and specific data.
Biometric authenticationcompares data for the person’s characteristics to that person’s biometric “template” to determine resemblance.
The reference modelis first stored. The data stored is then compared to the person’s biometric data to be authenticated. In this mode, the question is: “Are you, indeed, Mr or Mrs X?”
Biometric identification consists of determining the identity of a person. The aim is to capture an item of biometric data from this person. It can be a photo of their face, a record of their voice, or an image of their fingerprint.
This data is then comparedto the biometric dataof several other persons kept in a database. In this mode, the question is simple: “Who are you?”
Economy |Today Baghdad today – Baghdad Today, Sunday (September 3, 2023), economist Nabil Al-Marsoumi revealed 5 differences between the center and the region that may plague the new draft oil law.
Al-Marsoumi said, in a clarification received by “Baghdad Today”, that “there are several differences between the center and the region that may plague the new draft oil law.”
He added, “The first difference is represented by Article 5 of the new draft oil and gas law, which stipulates that the Federal Council shall be established under the chairmanship of the Prime Minister or whomever he authorizes, and includes in its membership each of the Federal Minister of Oil, the Federal Minister of Finance, the Federal Minister of Planning, the Governor of the Central Bank, the Minister of Natural Resources in the region, and the governors of Three oil-producing provinces that are not organized into a region and three experts.
He explained, “Decisions are taken by majority, while the region believes that the Federal Council for Oil and Gas should include in its membership both the federal government (ministers of oil, finance and planning) and the regional government (ministers of natural resources, finance and planning) and governors of oil-producing governorates that are not organized in a region. The presidency is in The council is rotating and decisions are taken unanimously.
Al-Marsoumi continued: “As for t he second difference, it concerns (Article 8 First), which stipulates that the Federal Ministry of Oil shall manage the oil and gas-producing fields throughout Iraq in coordination with the region and the producing provinces. As for the vision of the region, it is summarized as follows: The federal government manages the oil and gas extracted from the fields.
The current (which was extracted, developed, and commercially produced before the constitution expired in 2005) with the regional government and the producing governorates that are not organized in a region. commercial production after the expiry of the constitution).
And he added, “While the third disagreement is about Article 11 of the new draft oil law, as it states that the Federal Council is the one that gives approval to oil licensing contracts, while the region sees that it is the competent authority on exploration, development and production contracts or any other contracts with the contractor that The choice falls on him and does not require the approval of the Federal Council.
He pointed out that “the fourth difference is in Article 16 of the draft law, which stipulates that the ministry is the supreme authority responsible for the obligations of the contractors, while the region believes that the competent authority in the region is responsible for the obligations of the contractors in the contracting areas within the region,
and the fifth difference is in the article 24 of the draft law that the main pipelines are owned by the federal government, while the region says that the federal government, the regional government, and the producing provinces establish and own pipelines to transport oil and gas.
He concluded by saying that “the sixth difference is that the new draft oil law did not include any article indicating the marketing of oil and the party responsible for it, but as is currently in force and confirmed by the Federal Court, the Ministry of Oil represented by SOMO is the only party responsible for marketing all Iraqi oil regardless of Its production site, while the region sees that the Federal Council sets marketing and sales policies, and the sale process is carried out by marketing companies belonging to the regional government or producing governorates that are not organized in a region. LINK
Iraq is ready to go international. What we're hoping and praying for is they show us an Article VIII compliant exchange rate and show us their new currency they're going to be using in the near future.
I think those new small category notes that were printed back in 2018 need to get exposed to the world...
It hasn't been their job to tell us everything. It's because we're outsiders. It's their country and they keep it to themselves as best as they possibly can.
We should be able to understand that that's a big component of this whole process...
What's this business about this 1132 that Alaq mentioned? Alaq is the central bank governor...He said the official exchange rate for the Iraqi currency is 1132...A lot of people are going, 'Well that's not true!'. The fact remains...he said it...as the official rate of the Iraq dinar but it's not on their website.
I'm not making it up. I'm not giving you accusations...it's proved...
Iraq’s Economy Is “Fragile”… “Shocking” International Figures, So What About Their Accuracy?
Reports Economy News With the impact of fluctuations in currency exchange rates and the reduction in oil production following the interruption of exports through the Turkish Kirkuk-Ceyhan oil pipeline, estimates indicate a contraction in the non-oil real GDP in Iraq by a high rate of up to 9% on an annual basis in the last quarter of this year. Compared to its counterpart in 2022, which means undermining the effects of growth achieved in the first three quarters of this year, according to estimates by the World Bank, which believes that the country’s economy has become “fragile”.
In this regard, the economist and financial expert Abd al-Rahman al-Shaikhli believes in statements to Al-Araby Al-Jadeed that the estimates of the World Bank are “shocking” because they contain true and certain information, and they sound the alarm for Iraq’s economic future, but he believes, at the same time, that they contain some “Exaggeration”.
For example, the figures announced in the bank’s latest reports indicate that the total public debt is equivalent to 76 billion dollars, distributed among 55 billion internal debts and 21 billion external debts, while the debts Iraq can pay easily, because it has a high domestic product, especially since Debt constitutes between 30% and 35% of oil production revenues only.
Al-Sheikhli also confirmed to Al-Araby Al-Jadeed that the Iraqi economy is “fragile,” as described by the World Bank report, due to dependence on oil resources and the worsening rentier situation, with the decline in other sources of resources in the public budget, which made the economy rentier par excellence, adding to that the lack of economic relationship.
The rationale between the volume of expenditures from financial allocations and the quantity and quality of the achievements achieved from government projects in light of corruption devouring huge amounts, with the low level of service and development achievements achieved within the framework of the annual budgets of the state, with the increase in the percentage of poverty and unemployment and the high volume of debt borne by the national economy, and all of these, In his opinion, reasons made the economy weak.
Commenting on the causes of fragility, political analyst Haidar al-Moussawi believes to The New Arab that the most prominent of them is the spread of financial corruption in all sectors of life, and the state’s tendency to rely entirely on the oil sector, which feeds 98% of the GDP and is considered the basis for the continuation of economic life, “attributing the economic deterioration to Poor management,
the lack of development and reform programs, effective economic plans, the absence of a real vision to raise the general level of the country, and the lack of solid tools that contribute to alleviating the burdens of citizens and the economy,
while “the governments have not taken any effective measures to revitalize the industrial and agricultural sectors to be synonymous with the energy sector,” thus avoiding the country from an economic disaster in the future.
A number of International Fund experts had met with Iraqi officials in Jordan between May 24 and 31, and they discussed economic developments and general policy plans for the country’s economy in the coming period, stressing at the conclusion of the meeting, in a detailed statement, that “the momentum of the growth of the Iraqi economy witnessed It has slowed down in recent months, after the country recovered last year to the pre-coronavirus situation.
The World Bank followed that occasion by asserting that “the Iraqi economy is fragile,” noting that the central bank’s auction caused the redirection of hard currency to the parallel market, which led to a decrease in the value of the dinar against the dollar, and thus led to a significant increase in food prices.
According to the World Bank report issued entitled “Iraq’s Recovery is in Danger” dated August 20, there are renewed pressures, “as it suffers from stagnant non-oil gross domestic product, industries and agricultural activities, accompanied by high inflation rates, while Iraq lacks under its government The current situation calls for wide-ranging structural reforms that will enhance its economy and diversify its public treasury revenues, rather than relying solely on oil.
In this context, the World Bank expressed its reservations about the recent general budget, as it criticized the large increase in the volume of public expenditures by 59% compared to the year 2022, representing 74.3% of total expenditures, which will lead to a large fiscal deficit of $ 39.7 billion, representing 14.3% of the volume of expenditures. General imports, more than half of the recent record reserves accumulated in the wake of the oil price boom.
According to a report issued by the “International Center for Development Studies” in London last Wednesday, Iraq loses annually at least $5 billion as a result of its import of oil derivatives despite having the second largest oil reserves in the “OPEC” organization, noting that Iraq has the capabilities to refine 1116 tons of oil. One million barrels per day, while its current production does not exceed 950,000 barrels, while the return of the Baiji refinery to work would raise refining capacity to 1,260 million barrels, which would meet the country’s consumer needs for petroleum products.