Sunday, October 8, 2023
"RV UPDATE" BY FRANK26, 8 OCT
Frank26
Let's make sure we understand something about this bank [Walkingsticks friend Aki's bank in the US].
I don't want to call it a CBI bank. I did that because in the beginning you needed a reference to relate it to so we said CBI satellite private banks.
But the reality, anybody can open a bank in the United States of America...It's not so much they belong to the CBI, they work with the CBI.
Question "Could Iraqi dinar go international without placing on Forex?"
Yes, but I really doubt that.
Forex is going to grab it like they're in heat. The whole world is going to grab it. I told you, as soon as it changes it's like putting chum in the ocean, every shark is going to come. That's when sharks bite.
Sudani went and told all the contractors he signed with, they can come into Iraq without any restrictions.
That's Article VIII...You are a sovereign country. You can do whatever the hell you want to do with your currency and exchange rate.
It [the dinar] will be introduced internationally. I don't care if it stays at 1132 as long as it's international. What is that definition? Restrictions free...The next step of the Iraqi dinar should be coming out... International equals a new exchange rate.
No Ban on Dollar Withdrawals in Iraq, 8 OCT
No Ban on Dollar Withdrawals in Iraq, 8 OCT
The U.S. dollar exchange rate against the Iraqi dinar marked a rise in the markets of Baghdad and Erbil. The USD recorded a closure rate of 158,800 IQD to 100 in al-Kifah and al-Harithiya Central Exchanges, which is 1,300 IQD higher than the opening rate. In the parallel markets of Baghdad, the selling and buying rates of the USD settled at 160,000 and 158,000 IQD to 100, respectively. Meanwhile, in Erbil, the selling and buying rates were recorded at 158,900 and 158,500 IQD to 100, respectively.
Exchange Rates in a Broader Perspective
According to the latest exchange rate data from Xe, the live exchange rate for the U.S. dollar to Iraqi dinar is 1 USD = 1304.2227 IQD. The rate is updated minutely, and the exchange is available between Sunday 22:00 and Friday 22:00 (UK time). The historical charts and data reveal that the USD to IQD rate has remained relatively stable over the past week, with a slight increase in value. The current rate is higher compared to the previous day’s rate. Conversely, the exchange rate for the Iraqi dinar to the U.S. dollar is 1 IQD = 0.0008 USD. The rate remains relatively stable, with the current rate being the same as the previous day’s rate.
Understanding the Historical Context
The Iraqi dinar has experienced fluctuations in value against the U.S. dollar over time. However, over the past 12 months, the dinar has seen a rise in value, increasing by 11.42%. Looking ahead, analysts and projections from Trading Economics forecast that the Iraqi dinar will be priced at 0.000744726 USD by the end of this quarter and 0.000689305 USD in one year.
The Broader Implications of Exchange Rates
Overall, the exchange rate between the U.S. dollar and the Iraqi dinar has been relatively stable in recent days, with slight fluctuations in value. The current rate favors the U.S. dollar, with 1 USD being equivalent to 1304.2227 IQD. However, it’s essential to note that exchange rates can be influenced by various economic and geopolitical factors, and they may change over time. Such fluctuations can have far-reaching impacts on global trade, investments, and the economic stability of countries involved.
"RV UPDATE" BY MARKZ,
MarkZ [via PDK]
Very quiet overnight on the RV side…..but, great expectations for this weekend or the first part of this week. My redemption center folks are on call this weekend. They are not at work…they are “on call”...Last week I told you all that I know a number of bankers...put on “stand by” for imminent currency value changes. I thought this was huge news. My bank crew is sure ramped up and expecting something big this week.
…no update yet...from redemption center folks...as to whether they expect to work this weekend. I have been hitting a brick wall…their phones seem to be turned off…. I don’t know if that is a great thing or a coincidence. Yesterday a number of them told me they are on “stand by” specifically for currency exchanges. I think this is huge. Let’s see if something comes of it.
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?...From the banking side (I got this from a couple different sources) So from bankers in different states…They were told they are officially on “STAND BY”... We have not seen that in a very, very long time…and I have never gotten it from multiple states in different areas that are un-related…AND, these are from different top-tier banks. So this is something going out from multiple banks…in multiple states.
"A NEW IQD RILL BEGIN BY SUNDAY" BY DINAR IRAQ & DONG VIETNAM, 8 OCT
DINAR IRAQ & DONG VIETNAM :
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.).”
Arab Council of Interior Ministers to convene in Baghdad to discuss remote security training, 8 OCT
Arab Council of Interior Ministers to convene in Baghdad to discuss remote security training, 8 OCT
Shafaq News/ The General Secretariat of the Arab Council of Interior Ministers on Sunday announced its decision to hold a meeting in the Iraqi capital, Baghdad, to deliberate on several critical issues, notably remote security training and qualification methods.
According to a statement issued by the Council's General Secretariat, the 13th Arab Conference of Heads of Security Training and Qualification Institutions, under the patronage of the Prime Minister of Iraq and Commander-in-Chief of the Armed Forces, Mohammad Shia al-Sudani, will take place in Baghdad, hosted by the Ministry of Interior, from October 10th to 11th of this year.
The statement indicated that the conference will include representatives from the interior ministries of Arab countries, along with the United Nations Office on Drugs and Crime, Naif Arab University for Security Sciences, and delegates from the General Secretariat of the Arab Council of Interior Ministers.
The conference's agenda features a range of topics, including a conceptual model for remote security training and qualification, remote training: advantages and disadvantages, the impact of the COVID-19 pandemic on security training and qualification programs in the Arab world, and the "Nationalize" the English curriculum taught in the Arab interior ministries.
The General Secretariat will present the conference's recommendations to the next session of the Arab Council of Interior Ministers for appropriate actions to be taken, the statement concluded.
-
Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...