Dollar Prices in Baghdad and Erbil Decrease: An In-depth Analysis of the Iraqi Economy, 12 OCT

 Dollar Prices in Baghdad and Erbil Decrease: An In-depth Analysis of the Iraqi Economy, 12 OCT

In a wave of relief for the markets of Baghdad and Erbil, two major cities in Iraq, the US dollar has experienced a significant decrease in value. This development is set against a backdrop of recent fluctuations that have triggered concerns about the overall economy of Iraq.

Unraveling the Dollar’s Decline

The decline in the dollar’s value has been observed not only in the Al-Kifah and Al-Harithiya central stock exchanges in Baghdad but also in local markets. Exchange shops have followed suit, reflecting lower selling and purchase prices for the dollar. The exchange rate, which once reached a peak of 156,200 Iraqi dinars for every 100 dollars, has seen a noticeable drop compared to the previous day’s rate of 154,600 dinars for every 100 dollars.

Central Bank’s Role in Strengthening the Dinar

The Central Bank of Iraq has implemented a plan to strengthen the value of the Iraqi dinar against the US dollar. This includes measures such as reducing the exchange rate for travel or internet purchases from 1,470 dinars to 1,465 dinars. The bank is also striving to help private banks strengthen their foreign currency reserves by diversifying their holdings beyond the US dollar. It has specifically mentioned the Chinese yuan, the euro, the Emirati dirham, and the Jordanian dinar. Moreover, government banks will sell foreign currencies for purposes such as travel, medical treatment, and study.

Implications of the Rising Dollar Value

While Iraqis who are paid in dollars may have increased purchasing power due to the declining dollar value, those paid in dinars may experience a loss of purchasing power as imports and exports are paid for in dollars. The devaluation also means that imported goods become more expensive in the local currency. These factors are critical to consider given the economic challenges that Iraq has faced in recent years.

Potential Future Ramifications

The future implications of the dollar’s value in Iraq are complex and far-reaching. The country has encountered numerous economic challenges, including internal divisions, economic uncertainties, and external threats. The Kurdistan Regional Government (KRG) has also played a significant role in Iraq’s economy, experiencing its own economic boom and bust cycles. However, the KRG faces challenges such as internal divisions, weak institutions, and a lack of a clear vision for its future.

As Iraq navigates these economic changes, it is crucial to closely monitor the strategies used to strengthen the dinar and mitigate the impact of currency devaluation. The outcome of these efforts will shape Iraq’s economic future and impact the lives of its citizens. Moreover, adherence to decisions from the American Treasury is seen as necessary for Iraq’s best interest.

https://bnn.network/world/iraq/dollar-prices-in-baghdad-and-erbil-decrease-an-in-depth-analysis-of-the-iraqi-economy/

BRICS What Iraq's Cash Ban Means #IQD #VND

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 12 OCT

 Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: Sudani said the banks that did not have our money that we deposited have basically been using that money on the black market to make money with a high exchange rate and this will stop.  They better come up with the month to pay our deposited money back or actions will be taken by the CBI toward these banks.  He spoke to high end corruption and how this too will end.

FRANK:  I knew Sudani had everything under control but this is a little surprising to me.  It is very good news. 

Alaq and Sudani are removing all foreign currency from your [Iraqi citizens’] country because they are protecting you and your national currency from any foreign terrorism.  They are using all mechanisms…These mechanisms come from the CBI.  They were structured by the monetary reform under Dr. Shabbibi. One of the last final things is to remove all foreign currency so you only have your currency in your country.

I’m frustrated like you.  I’m disappointed in Sudani although I should respect the process but dog-gone-it Sudani.

JUDY NOTE, 12 OCT

 Global Currency Reset:

• Wed. 11 Oct. TNT Tony: We are as close to a Global Currency Reset as we are touching the eye of the Storm, as is the last phase that Q talked about 6 years ago, as in “Israel is Last.” In all the mayhem confusion and panic we are set to take everything away from the old ruling powers vis-à-vis the Central Banks to crash the old guard Jekyll Island US Federal Reserve System spread throughout the world by the Bretton Woods post WW2 agreement which enslaved humanity. A takeover and co-opt of the old SWIFT system by the Quantum Financial System QFS will totally divorce Central Banks and Governments from stealing our money and controlling our future.
• Tues. 10 Oct. Wolverine: Notifications should be on its way any time after  Tues. 10 Oct. Midnight Reno Time. Get ready everyone.
• Tues. 10 Oct. A Valid Source: The Admiral said that Mon. night he was called in to enter the final codes. We are told that this releases the 800#s. Much evidence is saying “now!”
• Bruce: Early morning Tues. 10 Oct. we were told that Tier 4b (us, the Internet Group) needs to be ready at any moment for notifications to come out to set foreign currency exchange/ Zim redemption appointments. Bond paymasters got paid a little bit of money and were told they would have access to the majority of their funds within the next three days. Tier4b notification should also happen within the next three days and could be dependent upon when the Supreme Court made a decision to reinstate Trump as US President.
• TNT Tony: Thurs. 12 Oct to Fri. 13 Oct.  was a possible notification and starting of Tier4b exchange/ redemption appointments.
• On Sun. 15 Oct. the IMF and World Bank would hold their last meeting.
• 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 the 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.
• Starting in October and continuing for three months Social Security benefits will be significantly higher, topping out at $5,200.
• Restitution allowance for 60 and older will begin the 18th or 25th of Oct. as the beginning of three equal payments over the next three months.
• Wed. 1 Nov. was the goal to have Currency Exchanges and Zim Bond Redemptions completed, although that date could vary.
• 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.
• In the next three to six months the Rodriguez Trust will begin to 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.

• Wed. 11 Oct. The Explosive Surge of the Iraqi Dinar (IQD) in FOREX – Revealing the New Rate and Unleashing the Power of Iraq’s Currency – American Media Group: https://amg-news.com/breaking-news-the-explosive-surge-of-the-iraqi-dinar-iqd-in-forex-revealing-the-new-rate-and-unleashing-the-power-of-iraqs-currency/
• Tues. 10 Oct. Dinar Revaluation RV Update: Analyzing news from Iraq, Militiaman: https://dinarevaluation.blogspot.com/2023/10/rv-updated-analyzing-news-from-iraq-by.html
• Wed. 11 Oct. The International Monetary Fund is warning that around 5% of banks GLOBALLY are vulnerable to stress if Central Bank interest rates remain high. The IMF also said that 30% of banks would be vulnerable if the global economy entered stagflation. The banks are broke by default. https://x.com/goldtelegraph_/status/1711777694751629734?s=46

Global Financial Crisis:

Restored Republics:

• On Tues. 10 Oct. Bruce, MarkZ, Wolverine and a source from the Admiral’s Group all indicated that Tier4b would receive notification at any time and at least by Fri. 13 Oct.

https://dinarchronicles.com/2023/10/12/restored-republic-via-a-gcr-update-as-of-october-12-2023/

Iraqi Government achieves significant milestones in State Administration Coalition agreement, 11 OCT

Iraqi Government achieves significant milestones in State Administration Coalition agreement

Shafaq News/ Aqeel Al-Khazali, Advisor to the Iraqi Prime Minister, announced on Wednesday that the Federal Government has successfully implemented approximately 60 percent of the political agreement outlined in the State Administration Coalition.

Al-Khazali made this revelation during the seventh "MERI" Forum session.'

He stated, "The political agreement paper, serving as the comprehensive framework encompassing the blocs of the 'State Administration' coalition and all components of the Iraqi people, has seen 59 percent of its implementation, despite the government being less than a year old."

Elaborating on the progress made, Al-Khazali explained that the political agreement paper outlined 40 main axes, leading to 81 sub-axes. Remarkably, 48 achievements have been accomplished, underscoring the Government's dedication to fulfilling its commitments. 

Al-Khazali announced that a detailed report highlighting these achievements will be broadcast on the anniversary of the Government's formation on the 27th of this month.'

https://shafaq.com/en/Iraq-News/Iraqi-Government-achieves-significant-milestones-in-State-Administration-Coalition-agreement

"RV UPDATE" BY NADER FROM MID EAST, 11 OCT

 Nader From The Mid East

  You always come back to my words, to my sentence, [Guru] Piimpy just came back my sentence when I said only, 'only the US can RV Iraq.'  It's only the U.S. 

  I've been telling you for year...the RV is in the hands of U.S.  If U.S. tomorrow give green light to Iraq, Iraq will do whatever they wants.  Iraq will be the richest country in the world with all the oil they got.  

They got more oil than Saudis...Venezuela  ...Russia, more than anybody else.  They'll be rich as hell.  You see it.

When the government of Iraq requested a billion dollars from United States demanding their money to pay their bills and everything, Untied States refuse.  That's bullying.  I'm talking about the government of United States..

Iraq, Syria call for unified Arab position against Israeli violations, 11 OCT

 Iraq, Syria call for unified Arab position against Israeli violations, 11 OCT

Shafaq News / Iraqi Foreign Minister Fuad Hussein and his Syrian counterpart, Faisal Mekdad, issued a joint call for a unified Arab stance against Israeli violations.

The call came during a meeting between the Iraqi Foreign Minister and the Minister of Foreign Affairs and Expatriates of the Syrian Arab Republic on the sidelines of the emergency ministerial meeting of the Arab League held at the headquarters of the Arab League General Secretariat in Cairo. The meeting focused on the developments in the occupied Palestinian territories.

Minister Fuad Hussein emphasized the "necessity of adopting a common Arab stance to halt the ongoing violations committed by the occupying authorities against the Palestinian people, which have been the main cause of the tension in the Palestinian territories."

Both ministers underscored "the importance of adhering to international resolutions ignored by the Zionist entity and continuing regional and international efforts to restore the legitimate rights of the Palestinian people, establish their independent state, and maintain its capital in Jerusalem."

The Syrian Foreign Minister praised the statement issued by the Iraqi government regarding "the Israeli aggression, noting that this position is not new for Iraq, which has always stood by oppressed peoples."

https://shafaq.com/en/Iraq-News/Iraq-Syria-call-for-unified-Arab-position-against-Israeli-violations