Dollar remains steady,Yuan gains strength, 16 SEPT

Dollar remains steady,Yuan gains strength

Shafaq News / The dollar held steady in Asia on Friday, easing slightly from overnight gains against peers, while the yuan strengthened in the wake of some market-beating economic data out of China.

The dollar jumped overnight after U.S. retail sales received a boost from higher gasoline prices, increasing 0.6% in August versus an estimated 0.2% rise, while market participants reacted to the European Central Bank's 25-basis point hike.

The U.S. dollar index last stood somewhat lower at 105.25, but still near Thursday's six-month peak of 105.43.

The euro remained near Thursday's multi-month low of $1.0632 against the greenback.

The yuan and Australian and New Zealand dollars received a boost after a batch of economic data from China in the Asian morning came in better-than-expected for some key indicators, providing a rare lift in sentiment.

The offshore yuan rose over 0.3% against the dollar to around 7.262 after the release.

The Australian dollar , a proxy for China growth, strengthened 0.5% to $0.6473, while the New Zealand dollar last stood 0.3% higher at $0.5931.

Elsewhere, the euro was up 0.1% at $1.0652, just off a six-month low of $1.0632 against the dollar after the ECB hiked rates another 25 basis points at its monetary policy meeting on Thursday.

(Reuters)

https://shafaq.com/en/Economy/Dollar-remains-steady-Yuan-gains-strength

Everything is Signed Off & Done?💣Are you Ready?!🤔Iraq Dinar RV Updates |...

"RV UPDATE" BY ANGEL1, 16 SEPT

 Angel1

Monday Sudani makes announcements through the special meeting televised throughout the country.  He said a whole lot.  We’ll move along day by by…of what has happened since Monday, where we’re at now, where we’re gonna be and how close that finish line really is. Tuesday our friend US Secretary

 Elizabeth Rosenberg lands in Baghdad.  She is an international wizard.   She is brilliant…

International business, that’s why she was there.  Why is she there now?  Because everything is done except two things in country – that’s your new notes and your rate.  They have secured the border…Now they are focusing on international investment contracts/banking.

She had a special visitor.  Iran showed up… Agreements were accepted and inked by Mrs Rosenberg.  Those agreements are executed…Iran is no longer slowing us down.  Brilliant… Wednesday…4 meetings with Rosenberg. 

 Rosenberg also met with Sudani and GOI leaders…Budget, budget, budget…  Thursday, Kurdistan region showed up.  Meetings with Sudani.  Here’s the powerful thing.  Barzani is all smiles.  He is no longer concerned about salaries being paid because he believes parliament will make the necessary decisions for payments.

"It's settled." Iran confirms: Rail link with Iraq is intended for the transport of tourists and visitors, 16 SEPT

 "It's settled." Iran confirms: Rail link with Iraq is intended for the transport of tourists and visitors

Economy News - Baghdad

The Iranian ambassador to Baghdad, Mohammed Kazem Al Sadiq, confirmed on Friday that the railway link project between Iraq and Iran is intended for tourism and visitor transport.

Al-Sadiq said in an interview with the official Iraqi News Agency that "there is a serious will from the leaderships of Iraq and Iran to implement the railway link project, and the steps and operations of the launch of the rail link have begun."

He added, "The matter has been decided that the project will be for religious and natural tourism and the return and return of visitors and travelers between the two countries."

----

Next week, an “important decision” will be issued by the federal government, which calls for optimism

9/14/2023

The Prime Minister of the Kurdistan Regional Government of Iraq, Masrour Barzani, expressed on Thursday his optimism about reaching fruitful results after the visit of the region’s delegation to Baghdad.

Barzani said in an interview with reporters in Baghdad, "Next Sunday, the Iraqi Council of Ministers session will be held, and many of the topics that were discussed are likely to be subject to a final decision." 

He added, "I am optimistic and hope the results will be good." 

He continued, "We came to Baghdad to protect all the interests of the people of the Kurdistan Region in accordance with the constitution and to collect all financial dues. There was a discussion about the procedures so that we can, with the Prime Minister, provide support to the political parties to reach good results." 

He pointed out, "We are waiting for the Cabinet meeting to be held next week, and I am optimistic that we will produce good results."    LINK

JUDY NOTE, 16 SEPT

 Judy Note: Pray For The Children

What we think we know as of Fri. 15 Sept. 2023:

• As of Fri. 15 Sept. all US Banks were working for the US Treasury: When you go into a bank like Wells Fargo to exchange, you are not doing business with Wells Fargo. You are doing business with the US Treasury. They are contracting with that bank to use the space but the people don’t work for the bank they are contracted by the US Treasury.
• On Thurs. 14 Sept. the Panama Canal shut down and forty percent (40%) of the Global Supply Chain came to a halt. Hal Turner BULLETIN: The Panama Canal Has Stopped! – American Media Group (amg-news.com)

Global Currency Reset:

• The US Treasury Assistant Secretary made a comment per Rod Steele that everything is and has been signed off and should be approximately 96 hours from her return from Baghdad, Iraq. She returned today Fri. 15 Sept. X 96 hours = Tues. 19 Sept.
• Fri. 15 Sept. TNT: Tony was informed by his bank contacts that they were facing a heavy workload and by Mon. 18 Sept. we should be exchanging.
• Fri. 15 Sept. MarkZ: Lots of expectations for Sunday 17 Sept. and Mon. 18 Sept. during meetings with Iraq and the US Treasury on HCL agreements where they will be addressing the exchange rate of the dinar. Iraq wanted a worldwide announcement to the general public of a rate change somewhere around the 20th or 21st. That does not mean we are waiting until then. Groups are positioned and ready. People are all in place. Agreements are done. All we are waiting on is the switch to be pulled.
• Thurs. 14 Sept. Bruce: Three excellent sources said Tier4b (us, the Internet Group) should get notified Fri, Sat or Monday 15, 16 or 18 Sept. We are at a any day, any hour basis. Release to Bond Sellers should happen Fri, Sat or Monday 15, 16 or 18 Sept. Tier4bto be notified after Bond Holders – or by next Tues. 19 Sept. 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.
• As of Fri. 15 Sept. Banks were no longer independent, but working for the US Treasury: When you go into a bank to exchange like Wells Fargo you are not doing business with Wells Fargo. You are doing business with the US Treasury. They are contracting with that bank to use the space but the people don’t work for the bank they are contracted by the US Treasury.
• Our inside source, a brave individual deep within military intelligence circles(identity classified for obvious reasons), has dropped a piece of information that might just shake the very foundations of the global economy: 97 of the top 100 central banks are currently under transformation to become fully operational under the QFS + RTGS system. The remaining 82 smaller central banks are gearing up for this transition. On October 1st all BANKS have to be working with the QFS, THAT’S WHY WE THINK IT HAS TO BE DONE BEFORE SEPTEMBER 30.
• Fri. 15 Sept. Rubix Q: I have a friend who is a personal Dinar dealer in the United States. He is telling me that his vendor just got all of his dinar confiscated and is no longer allowed to sell. They are tightening the noose in Iraq and they are stopping people from taking it overseas. The US Treasury has caused a wave that is causing vendors to immediately stop. This tells me that’s it’s a wrap…the initiation process begun. When the brokers are told to stop selling it let’s you know we are an inch away…you won’t be able to double dip once you make your appt. Second, what you have is what you have…it has been said that when we are close that brokers/dealers will be restricted from selling. As far as BTC, it’s going to zero. XRP is the mother of all digital gold backed assets.
• DINAR REVALUATION CBI: The Central Bank and US Treasury are discussing implementing international compliance instructions in the banking system, 15 SEPT https://dinarevaluation.blogspot.com/2023/09/cbi-central-bank-and-us-treasury-are.html

Global Economic Crisis:

• Rep. Tom Emmer introduced a bill to ban the Federal Reserve from creating a Central Bank Digital Currency. A CBDC is nothing more than a CCP-style surveillance tool that can be weaponized to oppress the American way of life.
• As of Fri. 15 Sept. 97 of the top 100 Central Banks were under transformation to become fully operational under the QFS + RTGS system. The remaining 82 smaller Central Banks were gearing up for this transition.
• The Cabal didn’t see the QFS as a positive move: BREAKING: JPMorgan’s CEO Jamie Dimon Drops a Bombshell: A Dark Winter Is Coming for U.S. Banks and the Economy – American Media Group (amg-news.com)
• Bidenomics Is ‘Taking Away The American Dream’: https://www.oann.com/newsroom/liz-harrington-bidenomics-is-taking-away-the-american-dream/
• On Thurs. 14 Sept. the Panama Canal shut down and forty percent (40%) of the Global Supply Chain came to a halt. Hal Turner BULLETIN: The Panama Canal Has Stopped! – American Media Group (amg-news.com)
• Top currency economist points to accelerated pace of de-dollarization. The greenback’s decline has quickened tenfold since the outbreak of the Ukraine conflict, Stephen Jen says. https://www.rt.com/business/582946-us-dollar-dedollarization-accelerates/
• Fri. 15 Sept. Rubix Q on Telegram: Auto workers are now officially on strike outside the Ford assembly plant, which makes the Bronco and Ranger, in Wayne, Michigan. It’s not coming back just like Hollywood on strike. When they go on strike it’s a bye-bye. No jobs, no company so what happens to the economy. https://t.me/police_frequency/100798

Thurs. 14 Sept. Inside the Exclusive World of Redemption and Exchange Centers, Ben Fulford.

• If you have purchased currency from an authorized dealer in the US an email from powerhouses like Wells Fargo Bank or even Chase – both top tier 1 banks for Exchange + Redemption Centers – is on its way to your inbox.
• The US Treasury provides these email lists. No one can truly verify if they’re on this exclusive list. And thus, to ensure maximum reach, the Safelink website, the ultimate tool for exchange, will be spread like wildfire across major online platforms and chat forums.
• While estimates suggest there are 10 to 12 million individuals in the US holding foreign currency or securities, only a measly 3 to 4 million find their way to the Wells Fargo email list. The reason? Scores of people innocently bringing currencies home after vacations, dutiful military personnel from places like Iraq, charter flights operations, and many more reasons you wouldn’t suspect.
• Anyone longing for higher exchange rates via the Exchange or Redemption Center will be granted a unique personalized 800 number (not to be confused with the pedestrian ‘1800‘ numbers). This number, mind you, is one-time-use only.
• If anyone chooses to walk into a bank directly without this unique digital access, they’re effectively shooting themselves in the foot. The reason? Banks can only offer what’s known as the screen rate or the Forex rate, a measly sum compared to what one could obtain.
• Exchange rates in the US stand as fixed, unyielding monoliths – unless, of course, one possesses a particularly hefty amount.
• (Zim) Bonds? Now, they’re a different ballgame. The rates of exchange, the interest, the fees after working with banks – it’s all up for negotiation, pulling the strings behind closed doors.
• Your unique rendezvous at the Redemption or Exchange Center, however, comes with strings attached. No second helpings allowed! If you think you can dance twice at the same ball, think again. Should anyone attempt a sly double-dip, the repercussions will be swift and severe.
• A second appointment? Reserved for a different basket of currencies scheduled half a year later.
• The Redemption and Exchange Centers will be open for a brief window of 4 to 6 weeks.
• Private Bank teams, with their vast networks, swoop in, ensuring anyone with redemptions over $1 million is shepherded into trust setups, private banks, and an exclusive world of perks not available to the average Joe.
• Redemption Centers exist for the sole purpose of redeeming (Zim) bonds, and Exchange Centers designed for currency-only aficionados.
• The safety at these centers? Top-notch. I have a hunch the military might be lurking in the shadows, ensuring iron-clad security.

BY JUDY

An Understanding Looms On The Horizon Between Iraq And Iran To Use Currencies Other Than The Dollar In Commercial Transactions, 15 SEPT

 An Understanding Looms On The Horizon Between Iraq And Iran To Use Currencies Other Than The Dollar In Commercial Transactions

September 14, 2023  Baghdad/Al-Masala Al-Hadath: The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, confirmed that there is an understanding on the horizon with Iran to use a basket of foreign currencies other than the dollar to settle commercial transactions between Iraq and Iran.

Saleh said in statements followed by Al-Masala, that allowing an international means of payment other than the dollar and identifying trade flows in a transparent and highly governance manner with the Islamic Republic of Iran within the international trading system will undoubtedly contribute to the stability of the exchange market in Iraq, in addition to enhancing the stability of the external payments system in our country. It leads to high stability in trade and financial movements without negative monetary impacts on our national economy.

He added: Therefore, there is a high understanding on the horizon in using a basket of foreign currencies other than the dollar to settle commercial transactions with the neighboring country [Iran], without this constituting an international obstacle, and at the same time providing the desired monetary stability in our country, especially the foreign currency market.

He pointed out that it is clear that there is a correlation between trade with the Islamic Republic of Iran on the part of the Iraqi private sector and the need to have an international payment currency to settle trade exchange, at a time when there is a ban by the United States in the field of financial transfers that was imposed on Iran more than a decade ago. , and is subject to high degrees of stringency.

He continued: Such requirements led, over time, to dealing with commercial settlements in foreign currency, but from outside the official markets, especially in the demand for cash dollars on the local black market.

He concluded his speech by saying that it has become logical to find an alternative international monetary medium for trade settlements with the neighboring country instead of the United States currency. The alternative monetary medium is used in a transparent and clear manner before the international financial community and at the same time spares the local exchange market from the pressures of international restrictions, their complications and their effects on our country’s economy.

https://almasalah.com/archives/66534

IRAQ BREAKING NEWS US Treasury Meets w/PM in Baghdad BY SANDY INGRAM