Tuesday, September 5, 2023
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY & FRANK26, 5 SEPT
[Iraq boots-on-the-ground report]
FIREFLY
EYES: My Banker...says let me send you some emails...This Vietnam contract is real and a change is coming. He tells me once that change occurs within 24/hours the Vietnamese dong will also change to be economically fair to both Iraq and Vietnam.
He says Vietnam has a lot of Iraqi dinars in reserves and Iraq has a lot of dongs in their reserves. They will not take advantage of each other...When a financial change occurs it will affect both the VND and IQD. This is a unilateral financial agreement...
Frank26 (KTFA)
…They wanted from 2003 to now to come up with a fair number. My number would be $4.25. But…I’m not going to be greedy. As soon as I see that $3+ just like the rest of the Middle Eastern countries I’ll jump on that man! Not all of it. That’s the beauty.
Even if you only have 1 million dinars, exchange half and hold on to the other half. Calculate. You’re going to need a team..lawyers…advisers…your pastors…your family…seek council, make right decisions. Because…you can only make this decision one time…
Question:
“When the rate is released in Iraq will it go international at the same time?”
Instantly it’s everywhere. It will be national news. If there’s a man on the moon, he’ll read about it. If Hillary is on Mars, she’ll know about it. Everybody, instantly. You’ll wake up one morning and everybody will be talking about it. Everybody will be saying, ‘You were right!’ That’s when it’s going to get tough on you.
Deputy: 10 countries expressed their desire to invest in the path of Iraqi development, 5 SEPT
Deputy: 10 countries expressed their desire to invest in the path of Iraqi development
Coffee with MarkZ 09/05/2023
"RV UPDATE" BY MARKZ, 5 SEPT
MarkZ
[via PDK] My Iraqi contacts are hesitantly excited with expectations for this week. There are more and more confirmations that the government is using that 1132 rate with contractors right now.
I feel pretty confident the CBI is starting to make moves. They have said before they would stabilize at that rate and then give us the big change we are looking for. We just need to wait and see what pops out of all this. The chatter is overwhelming right now that things have finished..
There is certainly a lot of chatter saying it could be this week. The rumors are thick that the money is moving and started over this weekend. But, I cannot find anybody with that money in their pockets yet. I have received a lot of messages from a lot of people in positions and places that are saying “we are done” and it’s happening now…
I guess we will find out throughout the day today and by tomorrow if things have moved or not...I do have a physical get together with one of my contacts later today. I am pretty excited about that one.
The WTO is big and it’s been percolating in the back since January. My sources told me years ago that when we saw them join the WTO- then it was done. They would have to be fully international for that.
..with the extended holiday this week between now and Thursday the indicators seem to be really coming together. We see that 1132 rate all the time behind the scenes...but the CBI has a different rate that is published.
Parliament Holds The Central Bank Responsible For Manipulating The Price Of The Dollar, 5 SEPT
Parliament Holds The Central Bank Responsible For Manipulating The Price Of The Dollar
Policy 05/09/2023 the number of readings: 276 Baghdad-Iraq today: The Parliamentary Finance Committee attributed the continued rise in the dollar exchange rate to the complex procedures included in the electronic window, while indicating the existence of collusion by some central bank employees by passing large sums of money to a group of merchants.
Committee member Mueen Al-Kazemi said in a press interview, “The Parliamentary Finance diagnosed, during its meeting with the bank's governor, the existence of errors in the procedures of the electronic window to buy the dollar, and the matter caused the reluctance of a significant proportion of merchants to register and request foreign currency, which led to a scarcity of supply.”
In the market and the rise in the exchange rate,” noting that “the procedures adopted by the bank are complex and have caused the reluctance of many merchants and to avoid registering in the electronic dollar purchase window.”
Al-Kazemi added, "Some exchange rate speculators are working to publish unreal prices under the stock exchange title and broadcast them within (WhatsApp) groups and other sites, and this led to price conflicts and created a greater interest than the demand for buying or selling.”
And he explained, “The American sanctions also prevent the issuance of remittances to some merchants wishing to import from neighboring countries such as Iran, Lebanon and Syria, and this measure prompted merchants to use illegal methods in order to transfer their money to facilitate the task” of importing goods and merchandise,” pointing out that “the complicity of some employees in the central bank with a group of merchants, especially in the currency auction, it caused the passage of sums of money that are not parallel to the volume of goods that are imported.
And Al-Kazemi continued, “The Finance Committee has put in place some procedures and agreed with the bank’s governor regarding them, as they are likely to contribute to reducing the price, including granting an amount of 3 thousand dollars to citizens who wish to travel.”
Directly away from the exploitation of tourism companies and offices for their requests and benefits through their passports, with the committee's monitoring of the bank regarding the implementation of all observations that were identified during the hosting of the bank's governor.”
Al-Kazemi stated, "The Iraqi government has entered a battle between its desire to implement a sober banking system, and ending the power of speculators and currency smugglers." LINK
š REVAL HUB INSIGHTS – Iraq REER & Currency Framework Update š®š¶š± #IQD #dinaresgurus
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