During this time-frame we had some key components that were needed to be sorted. We've been talking about this for a while - the 23, 24, 25 tripartite budget has not been spending any money, hasn't allocated any money...that's going to be resolved.
This U.N. assembly goes on for quite a few days...it goes all the way out to the 23rd and then a final day on the 26th. Iraq is going to showcase themselves this next Friday.
Al Sudani going to New York for a week to cut deals? Maybe. We'll see how that turns out...
Everything we've been seeing...is showing Iraq is going to have a big week.
Al Sudani is set to arrive in New York on the 18th. I would imagine there's going to be sideline deals. If you look at the lineup from the U.N...Iraq is slated [to speak] on Friday the 22nd...Iraq is coming out to the world and we're going to be a part of it. I'm really excited to see it...
Conflicting expectations for dollar prices…and talk of a “big shock”
2023-09-20 23:19
Conflicting expectations for dollar prices...and talk of a big shockShafaq News/ The visit of the Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, to the United States of America is important in terms of its timing, which coincides with the crisis of the rise in the dollar exchange rate, amid high hopes that Iraqis have for the possibility of finding solutions to this issue.
Al-Sudani left for New York to participate in the meetings of the United Nations General Assembly, at its seventy-eighth session, and met on the sidelines of his participation in the meetings with US Secretary of State Anthony Blinken, who was issued an official invitation by US President Joe Biden to visit the White House.
This comes at a time when the dollar exchange rates in Iraqi local markets are witnessing unstable jumps until they approached 160 thousand dinars per 100 dollars, for internal and external reasons, as attributed by specialists.
In this context, a member of the Iraqi House of Representatives, Firas Al-Muslimaoui, says, “The House of Representatives hosted the Governor of the Central Bank following the rise in the dollar exchange rate, and he explained that the reasons for the rise are due to internal and external factors.”
Internal factors
Al-Muslimaoui explained to Shafaq News Agency, “Internal factors include those related to merchants escaping taxes and purchasing dollars from the black market, and among them are administrative obstacles, some of which require those who take dollars to register a company.”
He added, “The Central Bank sought to address these obstacles, and decided to allow individuals, not companies, to buy dollars if they supply goods, provided that they are committed to ensuring that the goods are of the country’s need, real, and have official receipts.”
The third factor, according to Al-Muslimaoui, is that “the Central Bank submitted a proposal to the Prime Minister to reconsider the tax rate imposed on existing goods and reduce it, to encourage the merchant to buy through official methods.”
He continues, “The fourth factor is smuggling. There is security work and large gangs have been arrested for smuggling dollars out of Iraq.”
External factors
The representative points out that “external factors are related to the US Treasury policy, and these are outside the management of the Central Bank, so it is expected that the dollar exchange rate will be one of the issues that the Prime Minister will discuss in his current visit.”
At the conclusion of his speech, Al-Muslimaoui expected that “the dollar exchange rate will witness a gradual decline over the next few days, in a way that does not affect the Iraqi market.”
Continuous rise
On the other hand, the researcher in financial affairs, Ahmed Fouad Shukri, believes that “the dollar will continue to rise due to the government not taking real measures to curb its rise, but rather was content with some preventive or precautionary measures.”
Shukri explained to Shafaq News Agency, “The government banned dealing in the dollar within the local market, and it succeeded to a certain extent, but a large percentage of Iraq’s imports come from neighboring countries that are subject to American sanctions, such as Syria and a number of Turkish and Iranian companies that are completely banned from dealing in the dollar, and they did not The government has so far established a specific mechanism for trade exchange with these countries, and for the purchase and payment processes.”
He points out that “there are other factors that the government did not pay attention to, including the country’s high budget, which leads to fears and bad and negative expectations, high inflation, and Iraq’s foreign debts. These are all factors that contribute to the decline of the currency locally against foreign currencies in general, and since Iraq is linked to… In dollars, this rise will certainly happen.”
He continues, “In addition to the main and largest reason, which is the American sanctions that led to the rise of the dollar in the recent period, there are sanctions that may be more severe and may affect the Central Bank of Iraq, through which a major shock could be exposed, and also with regard to financial transfers that have become confined to the hands of the American Federal Reserve, which “The risks to the Iraqi government have increased significantly.”
Iraqi Prime Minister meets NATO Secretary-General to discuss cooperation and security
Shafaq News/ On Wednesday, Iraqi Prime Minister Mohammad Shia Al-Sudani held a meeting with the NATO Secretary-General, Jens Stoltenberg, in New York on the sidelines of the 78th session of the United Nations General Assembly.
During the meeting, Prime Minister Al-Sudani invited Secretary-General Stoltenberg to visit Iraq, emphasizing the desire for enhanced cooperation.
Al-Sudani expressed his appreciation for NATO's support during the war against ISIS. He noted that NATO's direct participation in military operations and providing advice and training to Iraqi security forces had contributed significantly to the country's stability.
Prime Minister Al-Sudani emphasized the importance of cooperation in exchanging information and tracking the sources of terrorist financing, given the global reach of terrorism networks. He also discussed challenges related to drug trafficking and smuggling.
Al-Sudani highlighted that the Iraqi government is currently reviewing its relationship with the Global Coalition in light of the readiness of the Iraqi security forces. This review process has led to the formation of a bilateral committee, multiple dialogues, and a recent visit by a delegation from the Ministry of Defense to Washington to discuss the development and training of Iraqi forces.
Secretary-General Stoltenberg expressed his gratitude to the Prime Minister for the steps taken by the Iraqi government in pursuing reforms and for the crucial role played by Iraqi security forces in defeating ISIS and countering threats within Iraq and to NATO countries.
Stoltenberg emphasized NATO's "respect" for Iraq's sovereignty and its commitment to expanding cooperation, including providing advice and training to Iraqi security forces, which could encompass formations within the Ministry of Interior.
Judy Note:At any time the Emergency Broadcast System was expected to activate and replace programming on TV, radio and Internet. On Fri. 22 Sept. the Quantum Financial System will take over the Global Financial System where The People will have complete control over their monies. Banks will no longer be independent, but will be working for the US and other countries’ treasuries. Global Currency Reset exchanges and Zim Bond redemption were expected to start within the next couple of days and be completed by Tues. 10 Oct;The Cabal’s South African government was broke and shut down.
As of Wed. 20 Sept. South Africa was officially a Failed State. The Cabal government has run out of money.
Global Currency Reset:
Wed. 20 Sept.
September 22nd: The Day the World’s Banking System Will NEVER Be the Same! | Alternative | Before It’s News (beforeitsnews.com)Fri. 22 Sept. is the dawn of the Financial Reset. In 2020 they started the Quantum Financial System as an asset-backed digital currency system that would replace the SWIFT system. On the QFS it takes nano seconds to transfer monies across the World. Once the transaction transfers into the QFS System it can’t be changed until it reaches it’s destination. In other words, no banker can access your monies. No data can be compromised. You will be notified when new monies enters your account. All problems that would interfere with the system have been solved. 192 data centers were planned across the World. You will have a new ID and password. Our accounts are totally under our control. No one can access the account but you. 24 orbiting satellites handle the QFS system. We will be our own bankers. No one else will handle our account. No nation a part of the system will go to war ever again.
Tues. 19 Sept. MarkZ: From everything I am hearing – I think the window opens Wed. 20 Sept. and would be completed by Tues. 10 Oct. Rumors were that some Bond people have been paid and were liquid.
Sat. 16 Sept. Texas Snake: “My source 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.”
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 were required to be working with the QFS.
Goldilocks: We are going to see several announcements going forward regarding Quantum Technologies joining together in ways they have never done so before. Global Companies will be able to join digital networks allowing them to exchange goods and services and money at the push of a button within seconds. My understanding is that Protocol 20 is up and running. The test net portion of it will begin at 10:00 a.m. CST.
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.
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.
Zimbabwe’s government banned the use of foreign currencies as legal tender in 2019. Mnangagwa said at the time that the country’s economy was “at the mercy of US dollar pricing, which has been a root cause of inflation.” The country was forced, however, to reverse the ban in June 2022 to rein in inflation. https://www.reuters.com/article/zimbabwe-economy-idUSL8N23V2BJ
Zimbabwe’s gold-backed digital currency comes a year after the country launched gold coins on July 25, 2022 to stabilize its rapidly devaluing currency.
In May 2023 Zimbabwe released a gold-backed digital currency for peer-to-peer and peer-to-business transactions as well as to act as a store of value as the country’s currency continues to lose ground against major currencies.
“Holders of physical gold coins, at their discretion, will be able to exchange or convert, through the banking system… into gold-backed digital tokens,” the Reserve Bank of Zimbabwe said in a statement inviting individual and corporate entities to use the digital currency that can be bought either in Zimbabwean dollars or foreign currency.
Zimbabwe now joins other African states like Nigeria, Ghana and South Africa that have introduced digital currencies, even as several others have plans in the works.
The gold-backed digital currency is backed by a certain amount of gold, which helps keep its value stable, this currency is tied to the market value of the gold – unlike a fiat currency.
The Zimbabwe gold-backed digital currency will be used as legal tender and a store of value alongside the Zimbabwean dollar and bond notes.
Users can buy and sell it using Zimbabwean dollars and other foreign currencies.
Ideally, backing a digital currency with gold involves having a certain measure of gold reserves and depends on the current market value of gold.
The Royal Bank of Zimbabwe is $835,000,082,302,000,000 strong (13 metric tons of in ground gold estimated to yield $14 billion per annum by RBZ going forward) Central Bank Zimbabwe.
Historically, there have been major policies around currencies as legal tender in Zimbabwe, including the 2009 adoption of the US dollar after hyperinflation decimated the value of the local currency (the very reason the 2008 to 2009 Zim Dollars with its high amounts were printed – the country experienced hyperinflation that ended in 2009 where people lost all their money and savings).
In 2009 the Zimbabwe dollar was demonetized (struck off as legal tender) as the use of multi-currencies takes precedence.
Recent developments are part of a wider strategy towards an ongoing re-dollarisation process (for the same reason as Iraq is re-dinarization).
Zimbabwe is now in a process to get all the 2008 to 2009 Zim Promisary Notes (Bond) of the streets.
Now you know why Zimbabwe is re-dollarizing (reviving) their own currency, and why they pegged their Zim dollar to gold recently.
Hold on to your 2008 / 2009 Zim dollars (Bonds), the hammer will soon drop!
