JUDY NOTES, 7 OCT

 Judy Note: It was believed that the Twelve Days of Exposure that led into the Ten Days of Darkness began on Wed. 4 Oct. with the so-called “Test” of the Emergency Broadcast System that was said to actually be a switch over to the new Star Link Satellite System.

• Iraq was expected to reveal their new Dinar Rate on Sat. 7 Oct, while Tier 4b (Us, the Internet Group) could likely start exchange/redemption appointments on Mon. 9 Oct.
• Ben Fulford: Assuming a 1:1 value ratio, the chances of gold and silver exceeding $1000/oz is 100%.

Global Currency Reset:

• On Tues. Oct.  for twelve hours US Treasury representatives went to Redemption Centers and entered codes for each nation’s currency. Pings came back that the code was valid, meaning the Redemption Center could receive currency from each nation in exchange for the US Note. In the last 24 hours Tier 4A started preparing and paying Tier 4 groups.
• On Wed. 4 Oct Iraq was welcomed to the World Trade Organization with a fully reinstated Iraqi Dinar international traded currency.
• Thurs. 5 Oct. Wolverine: “Shelton said on his call that the 10 days of darkness and 12 days of disclosures would start after an Event (EBS Test?) on Wed. 4 Oct. On Thurs. 6 Oct. I got a call. Everything has really begun. Isaac has spoken to someone and he says it’s looks like it’s going to happen. All the leaders of the Tier 1 platform have been funded and by next week all members will be paid and it will be fast.”
• Thurs. 5 Oct. Tony said he has a two hour window tonight, then laughed, and said he should have said the next 24 hours. Not every country is going at the same time. It’s their own choice. The rate won’t be on the Forex until the end of the weekend. Sounds like they’ll get their 72 hours of joy. Monday is a holiday, so that would be a good time for us to go. Iraqi Government salaries were being paid a month in advance effective Wed. 4 Oct.
• Thurs. 5 Oct. Bruce: “Bond Holders Tier 3 will get notification of liquidity over theweekend.Tier4b (Us, the Internet Group) will be notified either Sat. 7 Oct. or Monday afternoon 8 Oct. and will begin appointments either Mon.8 Oct. or Tues. 9 Oct.”
• On Fri. 6 Oct. the US Note will be fully in the system and available at the bank Fri.6 Oct. or Mon. 8 Oct.
• Fri 6 Oct. MarkZ: “A lot of my sources feel that Mon. 9 Oct. is our day…..A lot of them …actually they think our day is before that and Monday is when we start going to the bank!  They are all expecting big things this weekend ….More chatter on the Iraqi side of things with great expectations for the weekend. Most are looking late Saturday/early Sunday for something from Iraq. Some type of announcement? …Yesterday a number of Redemption Staff told me they are on “stand by” specifically for currency exchanges. …Iraq may go on Saturday. Probably what we would see are call centers working over the weekend to make our appointments…and appointments starting on  Monday. …that the most likely scenario.”
• Fri. 6 Oct. TNT Call: “The whole world will see the RV by Sunday (8 Oct), however we could see it sooner.
• Central Bank of Iraq and Reuters announced: “Next Sunday (8 Oct.) will be a special day in all Iraqi banks, which could witness unprecedented overcrowding and crowding at cash withdrawal windows.” Iraqis were told in mosques: “A new Iraq will begin by Sunday (8 Oct.).”

Rumored Timeline

• Starting in October and continuing for three months Social Security benefits will be significantly higher, topping out at $5,200. In January regular benefits will continue, though still be a lot higher.
• Wolverine: “Shelton said on his call that the 10 days of darkness and 12 days of disclosures would start after an Event (the EBS Test Presidential message?) on Wed. 4 Oct.”
• By Tues. 10 Oct. the bulk of redemption appointments and exchanges were expected to be done.
• Wed. 11 Oct. was another possible EBS date, along with the removal of Biden and that would kick off a four month military action.
• The IMF and World Bank  will hold their last annual meeting on Sun. 15 Oct.
• Starting in the fourth week of October Restitution and Recreational Allowance will be paid out. The amount of monies paid back will be based on federal taxes paid since 1940s, interest on mortgages, bank loans, car loans and credit card interest – along with interest earned on those monies over the years. Those 60 and older will be paid in three equal monthly payments for Oct, Nov & Dec. Those 50-60 will get payments over the next 12 months and those younger will be paid out over 15 years, though they have to be employed in order to qualify.
• Wed. 1 Nov. was the goal to have Currency Exchanges and Zim Bond Redemptions completed.
• The Rodriguez Trust will administer “universal basic income” for citizens of all GESARA-compliant countries: the amount per individual or family will depend on the status, needs, employment level and age of the person/family and will work to encourage people to work if they can. He said we need to help our friends and family understand that this will happen in the next 3 to 6 months.
• Starting 1 Jan. 2024 the fiat US Dollar will be worthless, all currencies across the Globe will be on par 1:1 with each other, Social Security benefits will be much higher and the SS R&R payments start on a monthly basis.

by judy

Iraq Under Pressure to RV?💣IQD & VND High Rate!?🤔Iraq Dinar RV Updates |...

A REMOTE AREA WITH INNUMERABLE REVENUES IN DOLLARS. CLOSURE OF THE “WELL OF GOLD” BETWEEN IRAQ AND IRAN, 7 OCT

 A REMOTE AREA WITH INNUMERABLE REVENUES IN DOLLARS. CLOSURE OF THE “WELL OF GOLD” BETWEEN IRAQ AND IRAN

(The goose that has been laying the golden eggs is nearly dead, now what? How do they find ways to continue their theft from Iraq?)

Can’t kick the same old can down the road anymore.

Now what?

Baghdad Today – Baghdad

For months, and perhaps for years, the Kursang area, which is close to the border strip between Iraq and Iran on the side of the city of Qazaniya, affiliated with Diyala Governorate, remained a puzzling mystery to many due to the interest in it from influential parties, even though it is a semi-remote area, but with the days it became clear that it is the hidden “well of gold.” The features of which were revealed by a bloody conflict.

An informed source said in an interview with “Baghdad Today” that, “Korsang is another file of border secrets, which is managed by influential parties in the smuggling file because of its location, geography, and proximity to the border road, which provides flexibility in transporting goods from Iran to Iraq, out of sight.”

He added, “A bloody conflict over the course of months revealed some of Kursunk’s secrets, especially with the fall of casualties, which shed light on it and prompted the security services to redeploy, forcefully control border security, and prevent any cases of smuggling.”

The observer for local affairs, Qasim Hadi, said that “Korsnik may have revealed the secrets of some influential parties that deal in smuggling in complete secrecy,” pointing out that “the Sudanese government is the one behind the decision to close Kursnik and end the smuggling file.”

The source confirms, “Smuggling in Diyala creates tycoons of money and power, especially since its revenues, according to what some say, amount to a ton of dollars per month, which means that we are facing countless amounts of money.”

He pointed out “the necessity of eliminating any illegal presence near the border strip, whether with Iran or Turkey, and considering it as a determinant of the country’s national security.”

On the other hand, former MP Furat Al-Tamimi acknowledged that “smuggling is a complex problem in Diyala, and the governorate always pays the bill because of its repercussions and crises, as it is an important corridor for smuggling convoys.”

He pointed out that “reconsidering the laws that punish smugglers is a necessity, with the importance of revealing all papers to public opinion and showing who is behind the black trade.”

In November 2022, an official source in Diyala reported that the Iranian side had completed the first steps to inaugurate a border crossing with Iraq, east of Diyala, which is the third crossing point for the governorate with the Iranian side after the Al-Mundhiriya and Mandali crossings, despite the Iraqi government’s refusal to inaugurate the crossing and begin its procedures so far.

The source said in press statements at the time that the Iranian side had established a yard and caravans parks east of the Qazaniya district, 113 km east of Baqubah, near the Kursang port, which was scheduled to be established as a third port for Diyala with Iran, but the Council of Ministers had not approved its establishment or any other steps so far, despite the discoveries it had conducted. Specialized teams from Diyala and Baghdad.

The source revealed the existence of illegal smuggling and commercial exchange operations despite not being confirmed by the competent official authorities in Iraq, which caused conflicts between influential groups and parties that dominate the border crossings in Diyala without revealing the names of those groups and parties.

He stated that the disputes that occurred in areas close to the Kursunk port were disputes between groups that dominated the trade exchange without revealing their identity, which caused the death of 3 people and the injury of two others, most of whom were residents of the Qazaniya district.

(Did you say that the Iranian side had completed the first steps to inaugurate a border crossing with Iraq? Oh…amazing. Guess the US is not alone in our border crisis….. Who is orchestrating these border crises? )

BY DINAR IRAQ & DONG VIETNAM

Iraq’s Move to Ban US Dollar Transactions: A Comprehensive Analysis, 7 OCT

Iraq’s Move to Ban US Dollar Transactions: A Comprehensive Analysis

Iraq's Move to Ban US Dollar Transactions: A Comprehensive Analysis

A Historic Monetary Shift

Amid global economic fluctuations and the evolving landscape of international banking, Iraq has recently announced its plan to ban all cash transactions and withdrawals in US dollars by 2024. This major policy shift, unveiled by the Central Bank of Iraq (CBI), is expected to significantly impact not only the country’s financial institutions but also its socio-economic dynamics.

Unraveling the Motives

According to Mazen Ahmed, the CBI’s director general of investment and remittances, the decision is primarily aimed at curbing the misuse of funds. It is reported that approximately 50% of the $10 billion imported annually from the New York Federal Reserve is used illicitly. The move is also seen as part of a broader endeavor to de-dollarize the Iraqi economy, a trend motivated by a growing weariness of the US dollar among the populace due to the recurrent crises following the 2003 US invasion.

However, the policy change is not abrupt. Ahmed shared that dollars deposited before the end of 2023 will still be available for withdrawal in 2024. Post-2024, withdrawals will be permitted in local currency at the official rate. This measure is designed to gradually transition the economy towards reduced reliance on the US dollar, while minimizing immediate disruption.

Repercussions on the Economy and Beyond

Experts anticipate that this policy shift may potentially inflate the value of the Iraqi dinar, as demand for the local currency is expected to surge with the ban on dollar transactions. However, the CBI appears prepared for such a scenario. Ahmed stated, ‘The cost we are carrying today is nothing compared to this goal,’ signaling the Iraqi government’s willingness to pay the price for long-term economic stability.

Moreover, the decision may also impact Iraq’s relations with the US and other countries. The US, in particular, has a vested interest in Iraq’s financial affairs, given the substantial reserves of Iraqi oil revenues held by US banks. This new policy could potentially strain relations between Iraq and the US, which may have far-reaching implications.

Looking Ahead: Uncertainty and Anticipation

The ramifications of Iraq’s decision to ban US dollar transactions are yet to fully unravel. While the policy is a bold step towards financial sovereignty, it also brings with it a great deal of uncertainty. The subsequent developments in Iraq’s banking sector and the wider economy will be closely watched by analysts and stakeholders worldwide. Only time will tell whether Iraq’s audacious move will lead to long-term economic stabilization or precipitate unforeseen challenges.

https://bnn.network/finance-nav/iraqs-move-to-ban-us-dollar-transactions-a-comprehensive-analysis/

"RV UPDATE" BY MNT GOAT, 8 OCT

 Mnt Goat  

 I asked [my CBI contact in Iraq] about the project to delete the zeros and was told it is coming and is now an active project no longer just a later project. I asked for some target dates and was given that they planned to redenominate sometime prior to the end of the year. To me this is so inline what we are thinking for a January 2024 reinstatement timeframe and other events also lining up.

Clare  Wall Street Journal Article:   "Iraq Asked for $1 Billion in Cash. This Time, Washington Said No."  Quote:   "Iraq is seeking a special shipment of $1 billion in cash from the Federal Reserve Bank of New York, but U.S. officials have withheld approval, saying the request runs counter to their efforts to rein in Baghdad’s use of dollars and halt illicit cash flows to Iran.  Since the U.S. invasion of Iraq two decades ago, the U.S. has supplied $10 billion or more a year to Baghdad on semimonthly cargo flights carrying massive pallets of cash, drawn from Iraqi oil sales proceeds deposited at the Fed. In Iraqi hands, the bank notes have become a lucrative source of illicit dollars for powerful militias and corrupt politicians, as well as for Iran, U.S. officials say"

 Article:  "Iraq prohibits cash withdrawals in dollars as of the beginning of 2024". Quote:   "A senior official in the Central Bank of Iraq said that the country will ban cash withdrawals and transactions in US dollars as of January 1, 2024, in the latest effort to limit the misuse of the country’s hard currency reserves in financial crimes...dollars deposited in 2024 can only be withdrawn in local currency at the official rate of 1,320 dinars to the dollar.

Iraq and Turkmenistan Forge Energy Alliance: A Leap Towards Economic Diversification, 7 OCT

 Iraq and Turkmenistan Forge Energy Alliance: A Leap Towards Economic Diversification, 7 OCT

A Pivotal Agreement in Energy Cooperation

Prime Minister Mohamed Shi’a Al-Sudani of Iraq has lauded the initial agreement to import gas from Turkmenistan. The dialogue touched upon bilateral relations and cooperation in the energy and gas sector, with a particular emphasis on the Minister of State for Gas Affairs in Turkmenistan. This groundbreaking agreement, signed as a memorandum of understanding, aims to address Iraq’s dire need for gas to fuel its production stations and electrical system.

Strategic Importance For Iraq

The agreement comes at a crucial time for Iraq, which has faced difficulties in paying for gas imports from Iran due to US sanctions. Currently, between a third to 40% of Iraq’s power supply depends on these imports. This deal with Turkmenistan provides an alternative source of gas, thus reducing Iraq’s reliance on Iran while ensuring the continuous operation of its power plants. The final gas supply contract is slated to be signed by an Iraqi delegation in Turkmenistan by the end of the year.

Aligning With Iraq’s Energy Diversification Strategy

The arrangement aligns with the Iraqi government’s broader strategy of diversifying its energy sources. Prime Minister Al-Sudani stressed that the government is prioritizing the energy sector to stimulate economic development and diversity. He also underscored Iraq’s abundant gas resources and the importance of investing in them effectively. The import of Turkmen gas aids in diversifying gas import sources and energy sources in general.

Potential Ramifications and Future Prospects

The agreement serves as a testament to Iraq’s efforts to ensure energy security while fostering economic growth. It also signals a shift in the regional energy dynamics, potentially influencing future alliances and partnerships. As Iraq continues to leverage its abundant gas resources and diversify its energy sources, it paves the way for a more resilient and robust economy.

https://bnn.network/world/iraq/iraq-and-turkmenistan-forge-energy-alliance-a-leap-towards-economic-diversification/

Decoding Iraq’s Currency Crisis: De-dollarization, Exchange Rates, and Economic Ramifications, 6 OCT

 Decoding Iraq’s Currency Crisis: De-dollarization, Exchange Rates, and Economic Ramifications, 6 OCT

Decoding Iraq's Currency Crisis: De-dollarization, Exchange Rates, and Economic Ramifications

Unveiling the Currency Conundrum

The recent statement from a top Iraqi official denying the speculation that the exchange rate would reach 1700 has added another intriguing layer to Iraq’s complex economic narrative. This announcement diverges from earlier predictions, shedding new light on the nation’s currency exchange dynamics. To appreciate the full implications of this revelation, it is essential to delve into the history of Iraq’s currency situation, the current impacts on stakeholders, and potential future ramifications.

Historical Overview: A Turbulent Economic Journey

The landscape of Iraq’s economy has been dramatically shaped by its tumultuous history. The country has witnessed recurring wars, crippling sanctions, and political crises, all of which have left indelible marks on its monetary system. The 2003 U.S. invasion was a particularly pivotal moment, marking a shift towards a dollar-dominated economy. Despite the country’s rich oil reserves, the Iraqi dinar’s value plummeted, leading to a preference for the U.S. dollar among the population.

Fast forward to 2024, the Central Bank of Iraq (CBI) is set to implement a ban on cash withdrawals and transactions in U.S. dollars. This move is part of a broader strategy to curb financial crimes and the evasion of U.S. sanctions on Iran. The director-general of investment and remittances at the CBI, Mazen Ahmed, has stated that this measure will stamp out the illicit use of approximately 50% of the $10 billion that Iraq imports in cash from the New York Federal Reserve each year.

Understanding the Present: The Currency Crisis Unfolds

Despite the official exchange rate of 1,320 dinars to the dollar, the parallel market rate recently sat at 1,560, a discrepancy of roughly 15%. This disparity has stirred much speculation, with some predicting that the exchange rate would escalate to 1700. However, the recent denial by the Iraqi official provides a fresh perspective, contradicting these predictions.

Amidst the chaos, there are visible signs of frustration. Social media witnessed a surge of outrage, with videos circulating of a depositor threatening to burn down a Baghdad bank if he was not given his deposit in cash dollars. This incident echoes the desperate actions taken by depositors during Lebanon’s banking crisis, underscoring the severity of the situation.

Peering into the Future: Implications and Ramifications

While the immediate impacts of this currency crisis are apparent, the future ramifications are less clear-cut. The move towards de-dollarizing the economy could result in the dinar losing more value, according to Ahmed. However, he also asserts that this is an acceptable side-effect of formalizing the financial system. He contends that this will only affect those engaged in illegitimate transactions, as the CBI continues to provide dollars at the official rate for legitimate purposes.

These measures could potentially reshape Iraq’s economic landscape, influencing stakeholders ranging from everyday citizens to international investors. However, the road to economic stability is fraught with challenges. While the Iraqi government’s commitment to combating financial crimes and sanction evasion is commendable, the unfolding currency crisis serves as a stark reminder of the country’s fragile economic state.