The US Treasury appreciates the Iraqi Central Bank’s procedures for contracting with international auditing companies
On Wednesday, the US Treasury Department commended the Central Bank of Iraq for taking steps to ensure the accuracy and transparency of procedures by contracting with international auditing firms.
The Central Bank of Iraq’s media office released a statement announcing that Governor Ali Mohsen Al-Alaq had met with Elizabeth Rosenberg, the US Assistant Secretary of the Treasury, and her team.
The following is a clearer version of the statement: During the meeting, the two sides discussed their bilateral relations. They also talked about the Central Bank of Iraq’s actions to combat money laundering and terrorist financing. Additionally, the US Treasury confirmed its continued support and joint efforts to promote transparency and integrity, and to implement international compliance instructions in the Iraqi banking system.
During the meeting, both parties discussed following up on the outcomes and results of their previous meetings. The Central Bank of Iraq, the US Treasury Department, and the US Federal Bank were involved in these meetings. They also talked about the possibility of providing technical support in the field of financing foreign trade through secure banking channels. The mechanisms that enable the financing of legitimate foreign trade were also discussed. The parties agreed to conduct trade transactions using different currencies, including the euro, the Chinese yuan, and the Emirati dirham. Additionally, they decided to organize trade movement with the Republic of Turkey.
The US Treasury Department appreciated the efforts of the Central Bank of Iraq in contracting international auditing companies to ensure accuracy and transparency.
FIREFLY: Sudani traveling to meet USA president Biden on Sept 20th. This after meeting in New York for UN meeting.
Article: “Iraq announced to the world that its oil reserves have risen to nearly 6 billion barrels”
I think this is going to affect the monetary reform, exchange rate, the RV of the monetary reform phase. I think it has great potential. If it continues, to help the float reach the $3 to $4 cap area…
On Fri. 15 Sept. the US Debt Clock was set to reach 33 Trillion – that will take down Etherium, Bitcoin and CBDCs.
Global Currency Reset:
Wed. 13 Sept. MarkZ: I am continuing to hear very positive stuff. The consensus is from my Iraqi contact that they are looking for a worldwide announcement of a rate change somewhere around the 20th or 21st. That does not mean we are waiting until then. That means that is when it should be announced to the public. We should hear something before then based on what I am hearing right now. I don’t think I have ever heard this much hype before…It’s almost overwhelming….In a positive way. Groups are positioned and ready…agreements are done…people are all in place…The US Treasury is in Iraq……all we are waiting on is the switch pulled.
Wed. 13 Sept. TNT Superfantastic Conference Call: “It’s over. It’s done. It’s ready to go. Everyone has been told it’s happening thisweek. The US Treasury is in Iraq until Thurs. or Fri morning. Iraq has a new economic platform that is international. Some say tonight or tomorrow night.”
Tues. 12 Sept. Bruce: As of Tues. afternoon 12 Sept.
the Redemption Staff were in place andfully ready to take incoming calls for redemption appointments. Military personnel and Bond Holders have exchanged but do not yet have access to their funds.On Tues. 12 Sept. the US Treasury gave word to Redemption Centers that everything was signed off and ready to go.
Mon. 11 Sept. Hernán Robert Hbravo: It is reported in Iraq that everything is ready and agreed with the United States Treasury for the Revaluation of the DINAR currency.
All documentation was studied and agreed upon between the government of IRAQ and the US. The documentation was delivered on Mon. 11 Sept. 2023, to the United States Treasury for prompt signature.
Bank story from TNT Forum: A very close friend of my wife got an email Monday from WF Bank asking her about her dinar. Saying currency exchanges would increase and would be much more simple and quicker if she would like to exchange she could do it now with them. No rates.
On Exchanging:
Fallawasopy: The big account is with the Treasury. Holding account is with a big bank linked to QFS. You will receive a percentage in the holding account for about a week while the treasury confirms that the they have been paid by the other countries. Then you have full access to the big account. The holding account is the account that can receive from the Treasury. You transfer to other bank accounts from the holding account.
Welcome everybody to the big call tonight – it is Tuesday, September 12th , and you're tuned into and listening to the big call. Thanks for listening, everybody, wherever you're located all around the globe. We're gonna have a good call tonight - Looking forward to it. All right, we're rocking and rolling. Well, we don't have a whole lot to say. But I think ultimately, this is a good thing.
We got some information. We always get a big influx of information on Saturday for some reason. Saturday is actually a pretty good day. Sunday was light. Yesterday was a little bit light, and today was very light. But the trend is that for example, Sunday, there was a conference call, Zoom call from two to four in the afternoon, afford redemption centers. But we don't know exactly who was on it. And we don't know what was said it was kind of kept quiet. So that didn't get out to us.
But we have to believe it was pretty significant. Now the other thing that we have, that we got from redemption center is we talked to three of them primarily, but we got the fact that the staff went in today, Tuesday. At 12:30pm. That's half our afternoon 12:30pm. Today, to be fully ready, in case the numbers were released, and they could set appointments in the redemption center and do exchanges.
All right, one of our redemption center contacts indicated that he wouldn't be looking forward to seeing clients - meaning exchangers and zim people either later this afternoon or tomorrow. Well, later this afternoon did not manifest - that didn't work for us tomorrow is another story though. And I'll get to that in a minute.
The other thing that's really cool is we did hear - Remember when I talked to you guys, I believe last week about SKR’s sales keeping receipts for the military had been redeemed, if you will, meaning these receipts went all the way back SKR’s back 18 and 19 years and by the military primarily some other people as well. Had ponied these up with this one particular bank and they were notified to come in and get the - essentially get the exchange completed. And that was last week.
Well, we also found out that 80% of those STKR’s at the time, were military and 20% were non military. But okay, that's kind of cool. That's good. That showed us that in a sense the RV quote unquote, the revaluation of these currencies had occurred and that these guys weren't getting current rates on in that case it was on dinar you know on Iraqi dinar and Vietnamese Dong on those two currencies, because that's what the SKR’s were on. And they were numbers of these that I think we're done throughout the country. Good. We're on our way we're rolling.
Now. I think I told you guys about that last Thursday. Pretty sure - so then we also found out that last week, military had done their exchanges on the bases on military bases last week.
I thought well, that's interesting. That kind of goes along with the SKR’s. Right? Well these exchanges were done for the Iraqi dinar and Indonesian - no no - check that - and Afghanistan a Afghan or the Afghani because that's where the military has served over the last 20 years or so.
All right, and that's it Iraq and Afghanistan. Right. So they did do exchanges on the basis for those two currencies. Now, do they have access to those funds yet? I think they almost had what we would call in the meantime sort of SKR, the changes are done. they've got rates. They got it done but don't but they really do not have liquidity yet.
Similarly, the bond holders they ponied up their bonds. They've got buyers and sellers together. They've had tabletop meetings, and they've got those bonds handled. And they have rates on those bonds. They know what they're paying, they know how much their their gross is, etc, etc. But they haven't received access to their funds yet. So they're looking for that final email to give them access some of the bond sellers are looking for new credit debit cards coming from various banks.
Could be Wells could be HSBC, the German bonds that were done through Bank of America, they handled the German bonds. HSBC is handling the Chinese yellow dragon and Red Dragon and so on Dragon bonds. You see, and Wells Fargo is handling a lot of the other.
So there's so many different layers like at least 58 different types of bonds. I can't remember how many but it's a lot. So bondholders are waiting - that's tier three. We're waiting. I think the admirals people in tier 4A or tier 4B the Internet Group. Wells Fargo considers tier four tier four no distinction between a and b. So we're good with that, we're okay. We'll run with the Admiral no trouble. And that's what we're looking to have happened. Alright, let's see what else is meaningful to us.
Today, we received word through one of the redemption centers that the Treasury we're going to call this and restored Republic Treasury - gave word to the redemption centers probably by email but I don't know that absolutely. Probably by email that everything they gave us - They signed off on everything.
And every everything was ready to go.
That's meeting for our exchanges. It also means for the bondholders to be released what they need.
Now, we didn't get the numbers today. We don't know that they're coming tomorrow. But it seems likely that they would come tomorrow and our exchanges would either start tomorrow or Thursday.
I don't know what time to expect them tomorrow if they come at all.
We had heard they should have come in Monday or Tuesday which today's Tuesday at around one o'clock in the afternoon for later. That didn't happen.
And we believe that everything is done The final piece of information we got and I just got it a half hour before the start. the big call tonight was from another redemption centers and everything's ready to go.
Sooo if everything's ready to go. Are we there yet? Now, let me add one little caveat. Remember we talked about the Iraqi dinar value rate being put into the Gazette and we thought that it was going to go in Saturday. We had heard from Iraq. It was Saturday's printed version of the Gazette Last Saturday -didn't happen.
What about tomorrow? Wednesday is a normal printed gazette day where they can print the desert any day. They choose they normally go with Saturday and Wednesday.
Tomorrow's Wednesday. Is that a requirement for us to start having the rate of the Iraqi dinar right and I'll tell you this much. The Chinese elders and us want to see that.
We want to see that. Even though let's be honest. We have held up Iraq for years and getting this thing done. But you know what? This thing has gone back and forth, back and forth.
You know there's there's been things that Iraq has wanted done that we finally I say we the Chinese elders and and the people with our US Treasury have told them though, no more concessions. No more this you know let's do it. That you're done. you're done. This is it.
Now, to be fair to Iraq. And I hope they're listening. what we have heard is that there's been back and forth between our new treasury and Iraq about putting the Iraqi dinar rate up even higher for us.
Now. I don't know what the current screen rate is now. I knew what it was last week. And it should be scaling upward - the tendency is for that to trade UP And the same thing with the Vietnamese dong.
So, you know, are they at the rate that they want to be for those currencies and others. For us to get started?
That's another consideration. But every indication when somebody says everything signed off on our treasury signed off, means it's ready. And we get the quote unquote green light to begin. So if you sense a little bit of frustration on my part, you're sensing correctly, because I'm getting the feeling that everything is ready to go.
Like based on what we've been told by people in the redemption centers that are the leaders in those redemption centers. So I'm excited about this. and I'm hoping that the information that we have, because the whole thing is if our intel, All we need is for it to be right once And to get this party started. And to get those 800 numbers that are in those emails. on Wells Fargo servers to be released.
Once that happens games off or the other way to say it is it's game on - Because we've got the numbers. we call the 800 number we set our appointments and then we go in for, for a 40 minute period of exchange and redemption of Zim – Im glad I reminded myself the Zim is a non negotiable bond that is valued on par with the USN. or for that new US dollar if you want to look it on par means at the same value.
So there's no negotiation on the Zim. That's what's going to be so beautiful and amazing. If you have it, you know the size of the denominations, you know the inherent value in those bearer bonds.
Look at the note you'll see payable to the bearer. That's called a bearer bond. That's what they're acting as. That's what's so incredible about this opportunity. So don't sweat it. Now. The rates that we will be offered on dinar are very high. Very Very high. And the same thing is true on the dong.
They're way higher than we used to think they would be and the dinar is ridiculously higher.
I'm gonna say as many as as much as almost 10 times we thought it was going to be back in the old days 18 /19 years ago. So don't worry about it.
So where are we? We are dang close - and obviously, closer than we've ever been. We know SKR’s were taken care of last week. We know our military exchanged in the bases last week.
We know that leadership changes politically are taking place - indictments have been filed and I think that we're looking forward to this week, and hopefully tomorrow our notifications at least they knew us and putting us back on the gold standard and we're using that word now. Gold standard to put us back on that is supposed to take place Thursday, Friday of this week. 15 should be our completion or being back on the gold standard.
And then we'll see what else happens as a result of that.
We're looking at some disclosure announcements are referred to earlier starting believe the 22nd or 23rd That would be a week from this Friday or Saturday.
And that could be really interesting as that get started and that disclosure should be using the Emergency Alert System in conjunction with the emergency broadcast system on the books called the emergency wireless system.
One other thing I want to get out is that on the fourth of October they're doing full complete integration of cell phone, technology, internet and satellite television completely brought on to the starling satellite system.
So what's going to happen as I understand it as of yesterday, we will have outage of for one hour and 10 minutes.
Cell phone service outage of make sure you guys hear this correctly. And Judy, if you can't put this in, make sure it's correct.
Our cell phone service outage of the internet outage of satellite television for one hour and 10 minutes between 1pm October 4 and 2pm on the 4th - one hour and 10 minutes and that's eastern time I gave you - four East Eastern - we know that's when that disruption will occur. It's a Wednesday it's October 4 Wednesday, October 4.
Okay, now when that occurs and the services restored to us at 2:10pm in the afternoon of Wednesday the 4th we will be on 10 G not 5g G - 10 G satellite service through the Starlink system. The internet will be a screaming internet and our cell phones should work better. Everything should come up faster. There's a lot more things that will probably be available to us using this new system and it'd be worth losing an hour 10 minutes of service
During that time. Get out and walk. Go to the beach, whatever you can do without your phones, without your laptops, without your tablets for an hour and 10 minutes. Can you do it? They call university doing Did you be without that electronic device for an hour and 10 minutes on Wednesday before from 1pm to 1030 in the afternoon.
I bet you can do it that you can but that's really what I’ve heard - this is gonna happen.
Okay, we have some pretty reliable sources considering we know the people that are managing the starlike set Starlink satellite system easy for me to say.
So that's really everything. I think that's pertinent to us right now.
Obviously, we're looking forward to Med Bed's still hearing 8 to 10 days after exchanges that should become available.
I think this is the time we just need to hunker down and continue to be in faith for this forward to what should happen. I'm not saying it's definitely going to happen tomorrow. But based on the information that I've received over the last few days, it sure looks like it - I hope so guys, you know, I hope so. 19 years for me, being in the currencies is enough. 12 years on the big call. You're probably tired of listening to me – chuckle chuckle .
I know you're not tired of listening to Sue or Bob. But hopefully you're hanging or trying to have a good time with us. Because if you don't what Jesus did say, I have come that you might have life and have it more abundantly. We all want to be part of that abundant life on this earth. And we're about to bring that to humanity. So let's pray the call out..
The US Treasury appreciates the Iraqi Central Bank’s procedures for contracting with international auditing companies
On Wednesday, the US Treasury Department commended the Central Bank of Iraq for taking steps to ensure the accuracy and transparency of procedures by contracting with international auditing firms.
The Central Bank of Iraq’s media office released a statement announcing that Governor Ali Mohsen Al-Alaq had met with Elizabeth Rosenberg, the US Assistant Secretary of the Treasury, and her team.
The following is a clearer version of the statement: During the meeting, the two sides discussed their bilateral relations.
They also talked about the Central Bank of Iraq’s actions to combat money laundering and terrorist financing. Additionally, the US Treasury confirmed its continued support and joint efforts to promote transparency and integrity, and to implement international compliance instructions in the Iraqi banking system.
During the meeting, both parties discussed following up on the outcomes and results of their previous meetings. The Central Bank of Iraq, the US Treasury Department, and the US Federal Bank were involved in these meetings. They also talked about the possibility of providing technical support in the field of financing foreign trade through secure banking channels. The mechanisms that enable the financing of legitimate foreign trade were also discussed. The parties agreed to conduct trade transactions using different currencies, including the euro, the Chinese yuan, and the Emirati dirham. Additionally, they decided to organize trade movement with the Republic of Turkey.
The US Treasury Department appreciated the efforts of the Central Bank of Iraq in contracting international auditing companies to ensure accuracy and transparency.