The de-dollarization of the country is happening before our eyes. If they're telling you they're restricting all transactions to the local currency the dollar in the country is going away...
The parallel market or black illegal market once they fix this is going to be see you later, bye.
Article quote: "All state contracts inside Iraq shall be in Iraq dinars.
" I don't know what else to say.
Alaq the central bank governor he's posting some things on the CBI website that's pretty powerful...24 pages of instructions talking about international banking...He also put a piece out specifically talking about a new system of external transfers...This particular piece is phenomenal because he's working with the Central Bank of Iraq and the United States Federal Bank...They're talking about different currencies.
..UAE dirham, Turkish lira, European euro, Indian rupee...He's been knocking it out of the park.
Optimism and challenges surround Iraq's energy sector amid pending oil and gas law, 29 SEPT
Shafaq News / A specialized energy news site reported today that relations between Erbil and Baghdad are considered crucial for unlocking the potential of Iraq's energy sector. While a government official expresses optimism about passing the oil and gas law by year-end and opening the door to investments, some sources caution against excessive optimism due to the lack of agreement with Turkey to reopen the Ceyhan oil pipeline.
According to the Oil & Gas site, Iraq stands on the brink of a significant transformation in its hydrocarbon industry with the implementation of the new oil and gas law.
The report emphasized that relations between Erbil and Baghdad are essential to unleash the energy sector's capabilities in Iraq, especially with the approval of the energy law, which will serve as a stable roadmap for harnessing this sector's potential.
Mudhhir Saleh, an advisor to the Iraqi Prime Minister, stated that this law will ignite investments in the energy sector and bolster revenues. However, he stressed the importance of swift parliamentary approval for this long-awaited law, which has been hanging for about 15 years due to disputes between pgovernorates and the Kurdistan Region (KRI).
The recent developments indicate that this long-awaited law is likely to receive approval after the local council elections scheduled later this year. This approval will pave the way for production-sharing agreements with foreign companies.
Despite this optimism, the report highlights a lingering issue regarding the Ceyhan oil pipeline between Iraq and Turkey, which ceased operations due to financial compensation disputes between the two countries.
While there are expectations of resuming the flow of approximately 470,000 barrels per day after a six-month hiatus, an unnamed high-level Iraqi source was quoted as saying that the pipeline's reopening is not imminent.
The report noted that Turkey may struggle to meet the required compensation obligations, as determined by the International Chamber of Commerce, amounting to $1.9 billion. The arbitration ruling concluded that Ankara breached its contract with Iraq by directly trading oil with the Kurdistan Regional Government (KRG) from 2014 to 2018. In response, Turkey initiated its own legal proceedings against Iraq, further complicating the matter.
In conclusion, the report stressed that reopening the oil pipeline faces multiple challenges, including financial compensation disputes and strained relations between Erbil and Baghdad. Nevertheless, Iraq expects that the implementation of the new oil and gas law will help resolve this conflict and unlock significant opportunities for the country's oil and gas sector.
Kurdistan Region Asayish arrests counterfeit currency gang in Sulaymaniyah
Shafaq News/ The Asayish Directorate in the Kurdistan Region announced the arrest of a gang comprised of three suspects who possessed approximately ten million counterfeit Iraqi dinars. They were apprehended while attempting to exchange counterfeit currency within the borders of Sulaymaniyah Governorate.
A statement released by the directorate revealed that its law enforcement units successfully arrested the three suspects possessing 9,129,000 counterfeit Iraqi dinars. The arrests were made based on the order of the Asayish investigating judge in Sulaymaniyah, following a meticulous gathering of information and surveillance activities.
The statement further stated that the suspects are currently detained per Article 28 of the Iraqi Penal Code.
Ongoing investigations are being conducted to ascertain further details and gather additional evidence against the individuals involved.
Welcome everybody around the globe to the big call. It is Thursday, September 28th and you're listening to the big call. I'm glad to welcome people that may not have heard us before all over as we believe our reach may be the greatest that has ever been. We might being able to track the Starlink satellite system we might be able to be in as many as 206 countries tonight we will see. I don't get those numbers till tomorrow or the next day probably.
October 1st is Sunday - So the 3rd is just getting started in the month of October and you'll hear me say something in the Intel segment in just a few minutes that will describe how interesting the timing is about October 3rd , which is Tuesday.
All right, so let's go back. We talked about Iraq, they'll have their new rate out on Sunday. Whether it goes in the Gazette or not Saturday, doesn't really matter but it may - they are, as I mentioned going to be, like the independent nation and a sovereign state. They're going to evidently talk about that a little bit when they bring their new rate out internationally on Sunday. And so that's something that we can look forward to
Now, for us, we really, from what we heard today, from our redemption center contacts, we really aren't looking to get notified over the weekend, anything is possible. We are hearing that we should be -hearing this from Wells Fargo - that we should get notified on Monday. We don't know what time – remember Monday would be the second of October and we should get notified – set our appointments for Tuesday the third of October.
So that's the timing that we have right now. Now if you're traveling, or you're about to go on a trip, or you're going in the hospital, whatever it is, you're gonna have some time. Once those numbers come out, we expect them to come up Monday. You set your appointment as soon as you can, for a time that you think you'll be able to make your appointment.
If you're out to sea right now and you're coming back, but you won't be back till the 5th or the 7th or whatever - set your appointment for after you've come back - give yourself enough time to get settled in and everything organized so that you can not go into the appointment flustered - you'll go in relaxed and ready to go.
Now one of the things that I've just brought to my memory. Each redemption center, And there's 1000s of them throughout the United States will have 3 Delarue machines - what is the delarue machine?
This is a machine that counts and verifies the currencies, all of them - And that information is fed into a laptop computer and then they go from there - once they're counting your money – they are tabulating it and tracking it on laptops, in the redemption centers.
So if they've got three of those, they'll probably be able to work with two or three people at a time that each, each person is running a delarue machine. And so I just got that - came to me today. I just got that so wanted to bring that up,
Let's talk about bond holders are supposed to be the last count - they could get their notifications on Sunday - Sunday afternoon. They could get them then - I wouldn't be surprised if they’re pushed to Monday but right now they're on Sunday and should have access to funds on Monday.
We'll see if that holds up. They’ve been moved and pushed along like we have. But we're hearing that our group tier 4 or tier 4 A & B should be notified on Monday and go into our appointments on Tuesday – 3rd of October
Alright let’s talk about timelines - on the 1st of October, which is Sunday, the USN goes into play in the United States, our new United States asset backed dollar - our USN - so that could ------ now remember our banks are not open on Sunday. so it may show up on Monday at our banks. Our new currency - I don't know that – but I know we are on the new USN starting Monday October 1st
Realize October 1 is the start of the fourth quarter in the United States - So we've got three months, final quarter - October November December.
Our USD Fiat dollar will no longer be worth anything after January 1st – ON January 1st – That USD we are going to have running concurrently with the USN physical currency / folding money you put in your pocket, your wallet, your purse, that will be coming out. And we'll have that at the redemption centers for us to we're doing exchanges starting Tuesday.
Okay, so that will be there. We'll get some of if some wants them the new USN currency we can get it while we're doing our appointments. Now, their concept at the redemption centers is going to be to kind of get in and get out.
You know, kind of get it done not a whole lot extra time anything – get it done and get out in and out is what they're calling it like in and out for California.
Alright, so think in terms of that in and out and the timing the timeline of this - In October, we should have NESARA and GESARA announced sometime in the first couple of weeks of October.
In the second week of October is when we believe restitution and reclamation allowance will start. I call it r&r for simplicity reclamation - restitution and reclamation allowance for seniors 60 over again lump sum amounts in the 50 to 60 range gets a total divided over 12 months. Again over 12 months
And then the 30 to 50 range getting paid over 15 years - so different ways and the above 70 their lump sum also they get the lump sum and just like you know I'll get my age group -
So here's the thing - that starts the second week in October. Now, Social Security increases to where the maximum if you're older, I mean 70s 80s If you're in that age group you can top out at around $5,200 that starts in October.
So whenever you get your Social Security now whatever Wednesday that is the highest paying out with max out at 5200 dollars, people that are younger, or didn't put in as much or whatever would be less than that could be in the threes or the fours.
That increase occurs in October and would be that number for October, November and December. three more months, basically of social security - then it switches over to a different version of the restoration and reclamation allowance being paid out monthly –
And I don't know that the numbers change. I'm going to put the number out but that was - in terms of what I'm hearing that will replace Social Security. It would replace it, and it's a lot more money. It's a lot more, more than double.
So I don't want to say the numbers because it might be wrong. I don't want you guys to yell at me and think that I've tried to deceive you with it but it's really good but it starts in January. This r&r monthly amount comes out in January.
I'm sorry, I can't define it better. They didn't even have a word for it. They don't even have a word that we know what to call it. Right now. So I’m calling it part of the restoration recommendation allowance we’ll see it's coming from a different fund. So it's not from the same fund – whatever it is I'm fine with that but whatever it is, I'm sure everybody will look forward to receiving it.
Now if you're below the age of 60 You will be asked to sign something that says that you would continue on your job or get a job and still receive your age group you're getting paid out monthly, in a lesser age group of 30 to 50 you're getting paid out also monthly over 15 years. It's going to be a lot of money, it's going to be coming in to you - and the temptation would be not to work but if you stop working or you quit, your benefits will stop. You won't get it any longer.
So it's an encouragement and enticement incentive for you to keep your job or get a better job.
You know, don't stop working, keep going because we're going to need a lot of doing what we're doing from a humanitarian project point of view - and the jobs that we're going to have will be good paying jobs. You know that - that's something we can all look forward to.
All right starting January 1 all currencies around the globe are to be on par with one another.
Okay, that means the same let's say the Canadian dollar and the US dollar the USN - United States Treasury Note - There'll be worth the same thing with one to one.
What about Mexico? They’ve got a peso - is worth about a nickle? You know, you get about 20 pesos to the dollar. That's gonna change. The peso will be worth $1 Starting January, - all currencies that were exchanging or not exchanging, were all level up and my understanding is that they all will be worth the same starting January.
Now. There could be some exceptions or there could be some currencies that are slow on the uptake but at the same time, all countries have been told to mint and print their new currencies that will start January 1.
Now, mint and print now to be ready for January 1.
And we've been minting and printing for quite a while. We've got our new coins out and our new money has been for I know at least two years now. And they're still doing it - printing for us and this money is asset backed. This money is backed by gold or other precious metals, by intellectual property - by oil and nat gas. It's really, really asset backed
And that's the point of this whole thing. The whole reevaluation. The whole global currency revaluation – The GCR is each country has its own assets, and it has its own value as a result.
So we'll see how that all shakes out. But I'm looking forward to this as much as you guys are - going for us getting notified Monday and setting appointments to start on Tuesday
They will probably go at least 12 to 14 days in the redemption centers. Some may close up early if they just didn't have enough Zim holders or enough people you know with currency in some parts of the country. It's a little light and they won't have they can get knock it out in four or five days. And that's gonna be that's gonna be good Let's, let's see if there's anything else it's pertinent for us.
I think we have what we need right there. I think that's everything we need to say
And I think that we're about to do to get organized. Some of us are moving some of our buying new homes or by buying cars we're going to be doing need to spend some time once we pay off all of the personal debt that we have anything like that. We'll be able to move forward. And I'm looking forward to that just like everybody else. We will be in touch with you by email. Because we will not be doing live calls anymore. Like we're doing tonight. We'll be doing emails with maybe a podcast.
So I'm excited guys to say I really truly believe they finally hit the end zone are finally going to be there is all the information ordering is correct and I believe we should be good to go. Starting Monday for notifications and Tuesday and startup exchanges. So let's believe for that. Let's pray the call out. Enjoy the weekend. Okay.
Iraqi Officials Eye a Path for Chinese-Iraqi Development, 29 SEPT
In Iraq, the precarious reality and confused relationships seem to have driven al-Sudani’s government to attempt to circumvent the traditional binary choice between Washington and Moscow. This new course comes with a distinct and flashy name, the “Development Road” project, and looks to Beijing as a third way forward.
But these considerations compounded with the climate of regional tensions and interests of outside powers—competition between the Gulf and Iran, concerns over the ongoing repercussions of the strained relationship with Washington caused by the Trump administration, and the growing dominance of various armed groups close to Tehran.
This precarious reality and confused relationships likewise seem to have driven al-Sudani’s government to attempt to circumvent the traditional binary choice between Washington, the West, and most of the Gulf states on the one hand, and Tehran, Damascus, Lebanon, and their backer Moscow on the other. This new course comes with a distinct and flashy name, the “Development Road” project, and looks to Beijing as a third way forward.
Iraq’s political realignment is in large part a response to Iraqis’ shifting views of the United States and the broader geopolitical space: the haphazard American withdrawal from Afghanistan, the political changes in U.S. policy under Biden, the failure to revive the nuclear agreement with Iran, the stagnation in the Syrian issue, Erdogan’s steadfast support of Putin, Russia’s continued attacks on Ukraine, economic movement linked to oil prices, inflation, and financial turmoil in currency rates from Cairo to Tehran, fears of harsh economic sanctions, and, finally and most importantly, the economic rise of China.
Factors accelerating Iraq’s pursuit of China
Since the fall of the Saddam regime and subsequent American occupation in 2003, many Iraqis have felt trapped in the vortex of the U.S. and Gulf rivalry with Tehran and its allies, unable to escape. This bilateral state of competition has exhausted its forces domestically and made Iraq a battleground for competing powers to settle scores, with Iraqis paying a high price.
Hence, the important recent developments in international policies toward the Middle East have pushed Iraqi officials not beholden to Iran toward a new view, which may be of significant concern to Washington. In the eyes of many Iraqi officials, China’s growing role in the region is unencumbered by many of the issues associated with other actors. China has avoided engaging in direct competition with the United States, but regional developments are signs that Washington’s international retrenchment and Moscow’s inability to lead the world’s anti-U.S. faction are paving the way for Beijing’s political entry into the region.
China was and continues to be a prominent economic player in the area, as shown through its large commercial trade with the Middle East, the flow of goods, attractive energy markets, the movement of intermediary companies and financial interfaces, promising building projects, market underwriting, and banking services. Now, this role has begun to take on a political element as well, with Beijing playing a role in regional issues long seen as firmly under U.S. influence.
Iraqi officials are likewise attracted by the image of Chinese policy put forward by Chinese diplomats. In Baghdad, there is a perceived Chinese indifference to the style of governance in Third World countries, a non-interventionist policy, and a disinterest in dealing with sensitive issues like the Palestinian-Israeli conflict. Iraqi observers contrast China’s rapid economic rise and flashy promises with the decline of U.S. interest in the region.
Administration change in Washington has made these officials particularly cautious. Iraq felt it could not acquiesce to agreements and treaties with Washington that might terminate with a new U.S. administration. Likewise, the Iraqi government—which had long-standing and close relations with Moscow prior to the fall of Saddam Hussein—is aware that Russia cannot fill any potential U.S. vacuum.
Iraq, which had a role in those negotiations, watched with amazement as Washington monitored the unfolding process without lifting a finger, and likewise watched how the Gulf and regional powers affiliated with Washington raced to apply to join BRICS, a group that many in the developing world consider a possible alternative to the current Western global leadership, economic and otherwise.
Baghdad saw signs of the first public rebellion by Washington’s Gulf allies Saudi Arabia and the UAE against U.S. demands on oil prices, along with the Gulf’s openness to Damascus and impartiality toward the Ukrainian conflict. The long-term agreement between China and Iran was viewed as the latest example of Beijing’s reach and its arrival at the borders of Iraq.
The perceived lack of U.S. reaction to these developments became one of the push factors for al-Sudani and his team to propose the Development Road project, which some consider an extension of China’s Belt and Road Initiative. This step was tantamount to an Iraqi declaration to China that the country was politically open. Chinese companies already have billions of dollars’ worth of investments in Iraq, and the trade volume between the two countries was
more than USD 53 billion in 2022, according to a statement from the Chinese embassy in Baghdad. Nevertheless, China’s future potential political role in Iraq has been greatly strengthened by the announcement of the project.
Development Road Dreams and Hard Realities
Thus, many Iraqi officials have placed their hopes in the Development Road project as a prelude to a new relationship with Beijing. The project contains elements similar to Chinese projects in a number of Central Asian countries. It consists of a hypothetical chain of trade infrastructure, a network of ports and highways extending from the Gulf to Turkey from the direction of Zakho. The project also includes lengthy rail lines for transporting goods and people, a component reminiscent of Chinese projects elsewhere.
Indeed, Iraqi officials will need to face the reality that the country lacks the capacity to undertake and complete such a vast project, whose stated cost will reach USD 17 billion. Iraq’s infrastructure is crumbling, basic services are weak, and the security situation remains vulnerable, all factors casting a shadow over the country. Furthermore, the domestic budget remains rent-seeking, unstable, and linked to the price of oil, an unsustainable economic situation for a country hoping to invest in grand works projects.
There are also obvious signs of decline in the value of the Iraqi dinar against the dollar and a rapid decline in per capita income. Also, Kurdistan region has been suspicious about the project paths which avoid passing through the region under the pretext of the difficulty of the mountainous geography there. For them, this is a deliberate attempt to limit the region’s economic role.
And even if the project was feasible on the implementation front and an avenue for real economic growth for Iraq—a claim that is in itself subject to doubt—it may prompt countries that benefit from the status quo in Iraq to work to scuttle the project. Ironically, Iran may be among the opposing countries, especially if it senses any threat to its political and economic influence.
Regardless of the plan’s feasibility, the proposed Development Road project should be viewed as an indicator of Iraqi officials turn to China’s embrace. But these officials should be more cautious; they cannot be confident that Chinese involvement will achieve the optimistic targets Iraqi officials have placed on it. Protests in Central Asian countries against older BRI projects emphasize the potential pitfalls of a Chinese development project—one that Iraqi officials are currently ignoring.
The enthusiasm in Baghdad for increased Chinese involvement should also give the U.S. administration pause. If Washington hopes to stymie this move, the United States must make greater efforts to rebuild trust with its historical allies in the region and address the perception of U.S. abandonment. If this perception continues, governments in Iraq, like Saudi Arabia and the UAE, will increasingly facilitate China’s access to the centers of political decision-making in that crucial geographical region. link
CSC is the Central Security Custody system. Somewhere between the 28th and the 1st and these next 72 hours this CSC will go into effect because it was a mandate from the BIS to make sure Iraq was ready on the 28th to do international transfers...
The auctions we believe you will see a change in them on the 28th...This is an important step. There are many steps that are occurring right now at the end of this monetary reform that are important.
On the 28th - go international financial transfers. On October 1st - all international private satellite banks of the CBI around the world to be opened. On 3rd - for them to have an Independence Day...In the days to come a new currency will be given to the Iraqi citizens IMO. This is a forewarning a new exchange rate is coming but the new exchange rate won't come out until they give the new currency or simultaneously.
I believe on the 28th Iraq is going be in a position to do financial international transfers without any restrictions.
Oh, boy! Wouldn't that be great?
I believe it's a 10 day period...28th to 8th of next month...I believe in these 10 days we're also going to see the HCL. And I believe without a doubt, the reason why we haven't added the HCL and everything else is because we don't have a new international exchange rate.
..It is fantastic. These 10 days have great potential for may things to be paid.