...the dinar, when reinstated, will NOT come out at the low program rate and then float slowly to something we want to see to exchange.
Instead, it will be placed back on FOREX and by the time you hear about it, it may very well already be over $4. Remember at some point the IMF will cap it out and let it settle down. I heard this could be at about $9...
Clare
Article: "Al-Sudani and Fouad Hussein alongside world leaders in New York" Quote: "The Iraqi delegation will participate in the meetings of the United Nations General Assembly, headed by Prime Minister Muhammad Shiaa al-Sudani and Foreign Minister Fuad Hussein, and they will meet there with many world leaders, according to Foreign Ministry spokesman Ahmed al-Sahhaf."
Article: "Announcement of a tender for supplying, installing and operating counting and sorting machines and currency packing machines"
Quote: "The Central Bank of Iraq announces the conduct of a public and private tender to equip, install and operate machines for counting and sorting Iraqi and foreign currency (dollars and euros), number (30) and currency packing machines, number (4) machines for the Central Bank of Iraq / Kurdistan Region Branch / Erbil."
An Economist Explains The Reasons For Continuing To Sell Oil In Dollars
Information / Baghdad...Economic expert Safwan Qusay explained, on Tuesday, the reasons for continuing to sell oil in the dollar currency instead of dealing directly with countries to obtain revenues without going through the US Federal Bank.
Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..
Qusay told Al-Maalouma, “Oil in all countries of the world is sold in dollars, and this matter came through the agreement after World War II to make oil sales in dollars, and this connection is still in effect to this day.”
He added, "If Iraq wants to sell oil to China in the yuan instead of the dollar, this means that Iraq sells in dollars and then converts it to the Chinese currency in order to move away from the US Federal Bank."
He stated, "There are many corrupt people who may be encouraged to own this money if they deal with the Chinese currency, so it is better to continue dealing with countries in the dollar currency because there is oversight from the Federal Reserve over this currency, in addition to ensuring that billions do not go into the hands of corrupt people under different titles." . LINK
Parliamentary Finance Calls For Controlling The Runaway Dollar
Information / Baghdad.. On Tuesday, Member of the Parliamentary Finance Committee, Khalil Dusky, called on the Central Bank to take urgent measures to dry up the sources of dollar smuggling and control the black market.
Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..
Dosky said in an interview with the Maalouma Agency, “Merchants’ failure to adhere to the electronic platform and resorting to the black market led to an increase in the price of the dollar in local markets.”
He added, "The only solution is to force merchants to adhere to the platform and control the black market."
Dosky pointed out that “there is a reluctance among traders to enter the electronic platform to buy the dollar.”
The Iraqi dinar has been going through an unenviable situation for nearly 20 years. After one dinar was worth 3 and a half dollars during the past century, it reached more than 1,550 to one US dollar, which caused the Iraqi economy to worsen. LINK
The US Treasury Assistant Secretary: Everything has been signed off and it should be approximately 96 hours from her return from Baghdad, Iraq. She returned Fri. 15 Sept. + 96 hours = Tues. 19 Sept.
Mon. 18 Sept. TNT Call: “The Iraqi Prime Minister said that on Wed. 29 Sept. he will speak before the UN to announce that it’s going.”
Mon. 18 Sept. MarkZ: “Over the last 15-20 years I have been told that when we see the HCL (hydrocarbon law) finished and executed we would be days from the rate change. So, I am super excited about the progress over the weekend and it certainly lines up with what my sources are saying. I am hearing anywhere from the 20th of September to the8th or 10th of October for everything in the RV to be completed. This means they want to have finished all the Bond Groups and having everyone paid out by then – which means they have to start much sooner. So for me, this means anything after Wed. 20 Sept.this week is fair game. I have a number of bond contacts that are post RV bond deals. They were late to the game…late in the line….. and should be exchanging later on-possible a few weeks after the RV. They got a notice that they will have full funding of their bonds in a week or two. I find that interesting because that means the RV would have to happen soon – maybe around the time we are thinking of the 20th and 21st.”
Mon. 18 Sept. MarkZ on Zim: I am told on the Zim for each 100 T Zim you keep 40-50 million for your own pocket and the additional goes for your project.
Mon. 18 Sept. Bearded Patriot: MarkZ stated that it’s from today till the 8th or 10th of October when they wanted all tiers to be paid out and completed. This means that Tier4, us, must start pretty much immediately!
Shari Ray: An Inside Source said that 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 Sept. 30.
Sat. 16 Sept. Texas Snake: “Well folks has been a time since I last posted but heard from my source just now that he anticipates the redemption schedule will be revealed to him very shortly and he will advise ASAP after he hears. He anticipates his exchange centers to be open and operational this coming week if no other obstacles present themselves. Everything I’ve read indicates this has to be CONCLUDED by month’s end. GOD Bless.”
Sun. 17 Sept.:This week despite a false alert from the buyer on Tues. 12 Sept, confirming the start – we had to wait until the download of QFS funds by Australia had ended, and the preparation for receipt of funds by the Central Bank of IRAQ to be finalized. Thereafter, the start of operations was to take place last Wednesday evening or Thursday morning. However, the president of QFS, USA informed the official Buyer they were only waiting for contracts to begin operations. This morning, all official American financial institutions were informed that the start should be between today (Sun. 17 Sept.) and tomorrow (Mon. 18 Sept). Since then, other confirmations have come in to corroborate this is now happening between Sunday night and Monday. David A. (4A) 2:22 PM EDT Sun. 17 Sept.: The Bank just called to say it is going to start tonight or tomorrowMon. 18 Sept.
Fri. 15 Sept. Militia Man: “We’re in such a good space I can’t contain the excitement because what we’ve seen in the last 96 hours. There’s nothing but powerful information from Al-Sudani, we have the US Treasury Assistant showing up…big companies…Stellar Energy…Total…Barzani being tickled pink because they’ve signed agreements. We have a change of pace.”
Thurs. 14 Sept. Bruce: Three excellent sources said Tier4b (Us, the Internet Group) should get notified by Mon. 18 Sept. We are at a any day, any hour basis. Release to Bond Sellers should also happen by Mon. 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.
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.
An Inside Source: 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.
Timeline
On Fri.1 Sept. 2023 full integration of the Quantum Financial System took place after the US National Debt of close to $33 Trillion was paid off. This triggered the Global Currency Reset.
Fri. 8 Sept. monies were moving for the Global Currency Reset. In Zurich, Yellow Dragon Bonds were paid out, while in Reno the Admiral put in the Redemption Codes and gave the Green Light.
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.
Tues. 19 Sept. RV expected to occur.
Sun. 1 Oct. all banks have to be working with the new Quantum Financial System.
On Wed. 1 Nov. Currency Exchanges and Zim Bond Redemptions were to be completed, at which time the US Federal Dollar would be considered worthless
Tier 1 Bank: Tier 1 banks are those that hold the highest assets. They include: include: HSBC, Wells Fargo, Chase, Bank of America.
RV Tiers:
T1 = Governments T2 = Military, those who put this together, groups T3 = Humanitarian Organizations/Groups and SKR groups T4 = Internet group – those who follow what is going on with the RV T4A = Individuals with SKRs, now part of T3 T4B – Individuals, Internet Group T5 = Public SKR: Stands for Safe Keeping
Economic experts warn Iraq against staying with the US Federal Reserve
Ali Al-Zubaidi is a researcher in political and media affairs. The Iraqi economy is currently experiencing a new shock as the dollar exchange rate in local markets has significantly risen. The parallel exchange rate has reached 1,540 dinars to the dollar, while the official exchange rate is only 1,320 dinars.
The recent rise in the exchange rate can be attributed to the sanctions imposed by the US Treasury Department on 14 banks. The Wall Street Journal reported about these sanctions a few weeks ago. It is noteworthy that earlier, four Iraqi banks were also subjected to similar sanctions after they were found guilty of money laundering.
According to a recent report by an American newspaper, several banks including Al-Mashshar, Al-Qartas, Al-Tif, Elaf, and Erbil, as well as the International Islamic Bank, the Trans-Iraq Bank, Mosul, Al-Rajeh, Sumer, Al-Thiqah, and Or, along with Al-Alam and Zain Iraq banks, have been banned from transferring US currency to Iran. The ban is part of a larger campaign aimed at preventing the transfer of US currency to Iran.
The recent US sanctions have caused a fresh wave of concern among Iraqis. This comes after several unsuccessful attempts by the government, during the tenure of Prime Minister Muhammad Shia al-Sudani, to bridge the gap between the parallel exchange rate and the official rate. The economic crises and setbacks faced by the American economy over the past few years have only added to the worries of the Iraqis.
It is important to note that the global economy is diversifying with the emergence of new currencies, including the Brexit currency, the euro, the Chinese yuan, and the Russian ruble. The introduction of the Brexit currency is anticipated in the financial markets next year once the legal procedures are completed. Recently, a meeting was held in South Africa where the number of members increased to over 24. These members include promising economies such as China, Russia, India, South Africa, Iran, Saudi Arabia, the Emirates, as well as some countries in the Americas like Brazil and Venezuela. It is expected that the number of members will continue to rise.
According to several researchers in economic affairs, there is a possibility that the Iraqi government will take measures to prevent banks from falling into the trap of the US Treasury’s sanctions, particularly those imposed on some banks from time to time.
It is important to note that Iraq has over 100 billion dollars in reserves in the United States. This highlights the need for the government to enhance its sovereignty over the 70+ private banks in the country.
The measures taken by the government may prevent America from imposing any further sanctions. Previously, America had imposed sanctions on 14 banks which caused a shortage of US dollars in the local market. The financial liquidity in the local market is still being managed in ways that are outdated and not modern.
It is important for the Central Bank to impose binding conditions on the development of banking in order to avoid any imposition of American guardianship through accusations of money laundering.