JUDY NOTES, 16 OCT

 What We Think We Know as of Mon. 16 Oct. 2023:

• The Iraqi Dinar has revalued and for the past week has been trading on the back screens of the Forex, putting itself in a position for the new exchange rate that was soon to be made public.
• Iraqi Banks have been telling Iraqi citizens that the Iraqi Dinar Rate has been changing up in value on the back screens of the Forex and the new rate was about to be announced by the Central Bank of Iraq Board of Directors.
• Because of the Iraqi Dinar rate changes, the Central Bank of Iraq has suspended Western Union service for international money transfer: https://search4dinar.wordpress.com/2023/10/12/central-bank-of-iraq-suspends-western-union-service-for-international-money-transfer/
• Iraq has joined BRICS and banned cash withdrawals of US Dollars in Iraq: https://watcher.guru/news/iraq-join-brics-ban-cash-withdrawals-us-dollar
• On Sun. 15 Oct. the IMF and World Bank would hold their last meeting.
• Starting in the fourth week of October Repatriation and Reclamation Allowances 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 sometime in October and continuing for three months Social Security benefits will be significantly higher, topping out at $5,200.
• Repatriation Allowances 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.
• Sun. 15 Oct. (New Video) Dave XRP Lion – Exciting QFS News: “3 Huge Payouts” Oct ’23 – Don’t Miss it – Trump News | Alternative | Before It’s News (beforeitsnews.com)
• 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.
• (NEED TO KNOW) MUST READ FOR ANYONE EXCHANGING FOREIGN CURRENCIES AND/OR REDEEMING ZIM BONDS: BOOM! https://www.rumormillnews.com/cgi-bin/forum.cgi?read=230756

https://dinarchronicles.com/2023/10/16/restored-republic-via-a-gcr-update-as-of-october-16-2023/

"WOLVERINE ON THE GLOBAL CURRENCY RESET" , 16 OCT

 Sun. 15 Oct. Evening: Wolverine on the Global Currency Reset:“They are really close to get this done. St Germaine is getting ready to release the funds. The Tier 1 platform is getting ready and will be paying advance payment of $10,000 to all members for the time being until they start releasing all the funds. Dubai 1 has all been released and Dubai 2 is nearly finished. I’m praying that by Tues. 17 Oct. we should be ready to go.”

• The money is moving towards us!!
• Successful cleanup and updated QFS.
• D.O.D, unlock codes for elderly locked and moving forward
• Billions released for humanitarian projects.
• The payers paid.
• Bond teams received some signatures. The remaining groups of each level will be paid in full: Tiers1,2,3,4.
• Banks completed the remaining layers of payments overnight  Sun. 15 Oct.
• The launch algorithms will be ready Mon. 16 Oct.
• Those who attempt to interfere and delay will be arrested and replaced within hours.
• All equipment reinforces security at multiple levels and dimensions.
• There will be 20 days of DISCLOSURE.
• Everything posted by 2k Mules, soft announcements about arrests and notifications https://2000mules.com/
• New technology is being installed.
• All banks linked to gold bullion eliminating multiple problems.
• Get ready for the shotgun start!!!
• Celebrations as liberation continues. Keep the faith. God bless us.

IDC Rehabilitates Two Oil Wells in Kirkuk, 16 OCT

 IDC Rehabilitates Two Oil Wells in Kirkuk, 16 OCT

The Iraqi Drilling Company (IDC) has completed the rehabilitation of two oil wells in Kirkuk’s Khubaz and Jambour oil fields successfully.

The Khubaz oil field’s well 43 was rehabilitated using the drilling rig with plate number 1. This marks the company’s first rehabilitation project for nine wells under the North Oil Company (NOC).

As part of a project to rehabilitate four wells in the northern Jambour field, the company has finished rehabilitating Jambour Well 75 using the IDC 209 drilling rig.

Oil wells that have already been drilled can undergo rehabilitation operations to activate oil-producing layers, change production zones, or extract oil from multiple layers. This process involves replacing old, non-functional pumps with more efficient ones, which helps increase the amount of oil produced from these wells.

Turkey Informs Iraq of Ready Northern Export Pipeline, 16 OCT

 Turkey Informs Iraq of Ready Northern Export Pipeline, 15 OCT

ERBIL — Turkey has officially notified Iraq that the northern export pipeline is prepared for operation. This move now places the responsibility on Iraq to restore 475,000 barrels per day (bpd) of crude to global markets.

In a letter dated Oct. 2 addressed to Iraq’s State Oil Marketing Organization (SOMO), the Turkish Petroleum Pipeline Corporation (BOTAS) communicated that "the part of the ITP [Iraq-Turkey Pipeline] system in Turkish territory will be ready for the transportation, storage, and loading of crude oil coming from Iraq on 04.10.2023,” as reported by Iraqi Oil Report.

Iraqi Prime Minister Mohammed Shia’ al-Sudani announced during his participation in an energy conference in Moscow on Wednesday, October 11, that the Turkish government had officially conveyed its readiness to resume the export of Kurdistan Region oil.

The export of Kurdistan Region oil has been halted since March 25, 2023, following a request from the Iraqi government after it secured a legal judgment against Turkey at the International Court of Arbitration in Paris.

https://www.basnews.com/en/babat/827003

Iraqi Dinar | Internationallay Floats | Iraqi Dinar News Today 2023 / Iq...

A Zimbabwe Single Currency is Now on Track, 15 OCT

 A Zimbabwe Single Currency is Now on Track

On October 15, 2023 By Awake-In-3D

In Uncategorized

Amidst a backdrop of historical financial turmoil, Zimbabwe has embarked on an ambitious quest to establish a Zimbabwe single currency.

In my opinion, this is relevant to the RV/GCR since Zimbabwe would need it’s own sovereign currency, instead the basket of foreign currencies they use today, in order to participate in the GCR.

How could a country have an asset backed currency if they don’t currently have their own currency?

This journey, laden with rich history and bold decision-making, reflects the nation’s steadfast commitment to restoring economic stability.

This article outlines the multifaceted past and present events surrounding the evolution of the Zimbabwe single currency, what this transformation signifies, and provides insight into Zimbabwe’s dynamic financial landscape.

“We agreed that for us to survive we had to create a basket of currencies and allow our currency to die. It could have been a wrong decision but that is what happened in 2009. However, as a country, we must have a currency which we call our own.”

Zimbabwe President Mnangagwa

A Historical Perspective

From Hyperinflation to Multi-currency Basket

Zimbabwe’s financial saga was turbulent, characterized by hyperinflation and economic instability.

It was in 2009 that the country took the pivotal step of introducing a basket of foreign currencies, marking the transition from a period of hyperinflation to relative stability.

The necessity of a local currency became apparent, serving as the cornerstone for future endeavors

Government Action in 2009

In 2009, a committee was convened under the chairmanship of President Mnangagwa by former President Mugabe to address the financial crisis.

This committee concluded that adopting a basket of currencies was a vital strategy for survival. The decision to create this unique financial framework marked a turning point in Zimbabwe’s economic landscape.

The “Basket of Currencies” Arrangement

The current financial arrangement allows the use of a mixture of foreign currencies alongside the local currency. Under Statutory Instrument 118A of 2022, this arrangement is secured until December 2025.

While the current setup has stabilized the economy to an extent, Zimbabwe now sets its sights on establishing a Zimbabwe single currency.

The Path to a Zimbabwe Single Currency

Presidential Vision

President Mnangagwa’s vision for Zimbabwe’s financial future is clear: the nation needs its own single currency.

He strongly emphasizes the importance of this, viewing it as a foundation for achieving sustainable economic growth and development. In his words, “There is no country that can grow without its own currency.”

Benefits of a Single Currency

A single national currency grants the government greater autonomy in monetary policy, enabling more effective management of capital flows, and ensuring the protection of the nation’s interests.

This approach is crucial for economic autonomy and sovereignty. President Mnangagwa underscores the significance, stating, “We must bite the bullet, whether it gives us some suffering for a period, we shall proceed to have our own currency.”

The Road Ahead for a Zimbabwe Single Currency

“We want a single currency, and we are going there.”

Zimbabwe President Mnangagwa

As Zimbabwe moves steadily towards the realization of a Zimbabwe single currency, it faces a series of challenges.

However, the commitment and cooperation of stakeholders, the government, and the financial sector ensure a deliberate and organized transition.

Stakeholder Concerns

During the Zimbabwe Economic Development Conference (ZEDCON), stakeholders articulated their need for a well-defined currency reform roadmap.

The approaching 2025 deadline for the multicurrency regime has triggered caution within financial institutions concerning the extension of long-term foreign currency loans. In the words of President Mnangagwa, “We want a single currency, and we are going there.”

Economic Autonomy

Zimbabwe’s transition towards a single currency reflects its unwavering determination to regain economic autonomy and strengthen its monetary policy.

Relying on a foreign currency for local and international transactions can create vulnerabilities and limit the country’s ability to pursue its unique economic policies.

This enhanced autonomy enables the nation to respond effectively to economic challenges and tailor its policies to specific domestic needs, ultimately fostering sustainable development and inclusive growth.

What it All Means

The commitment to pursue a Zimbabwe single currency is not merely a financial transformation; it’s a testament to the nation’s commitment to economic growth and development.

The journey from hyperinflation to a multi-currency system and, now, towards a single currency signifies a remarkable transformation.

Zimbabwe’s economic landscape is undergoing a significant shift, and stakeholders eagerly await the fulfillment of this ongoing financial evolution.

As President Mnangagwa reiterates, “We want a single currency, and we are going there.”

SUPPORTING ARTICLES

• The Chronicle: Zimbabwe to revert to local currency

• The South African: Zimbabwe to reintroduce local currency

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https://ai3d.blog/breaking-news-a-zimbabwe-single-currency-is-now-on-track/

Sudanese Advisor: America Gives Us Instructions And Does Not Impose Pressure On The Dollar Issue, 15 OCT

 Sudanese Advisor: America Gives Us Instructions And Does Not Impose Pressure On The Dollar Issue

Politics   10/15/2023 Number of readings: 189   Baghdad - Iraq Today:  Muhammad al-Najjar, advisor to the Prime Minister for Investment Affairs, stressed that the method of cash in Iraq must be electronic, noting that the US Federal Reserve’s instructions to Iraqi banks were years ago, but previous governments “ignored” them.”

Regarding the impact of the dollar exchange rate on internal investment in Iraq, Al-Najjar said in a press interview that this problem produced confusion in the market at the beginning of its appearance, due to the presence of contracts signed in dollars, but now it has “adjusted” because most of the contracts, especially the executive ones, were signed in Iraqi dinars, indicating that the issue The effect will decrease until the old contracts signed in US currency expire.

He pointed out that countries around the world approve contracts in local currency, with exceptions, according to the type of project.

Regarding the possibility of controlling the dollar exchange rate or not, he commented that this is “related to the transfer of a culture, from paper to electronic, and this process takes time,” stressing the need for the method of cash in Iraq to be electronic and not as is prevalent through paper currency.

The Prime Minister's Advisor for Investment Affairs pointed out that “some are trying to exploit this stage,” pointing out that the process of transferring from cash to data “is in the interest of the Iraqi state to control and track funds, especially in light of the existing financial corruption.”

Regarding the US Federal Reserve’s pressure on Iraq, Muhammad al-Najjar considered it “instructions, not pressures,” adding that the US government has the right to set controls on the use of its currency.

He continued: “The US Federal Reserve had requested these demands from Iraq several years ago, and previous governments had constantly ignored them, but now it has become unhealthy for these practices to continue, which have led to a large scale of financial corruption because the amounts cannot be tracked."

Regarding the Iraqi government's vision in the field of investment, he revealed that the Board of Directors of the Iraq Fund for Development will approve it in the next session of the Council of Ministers, after approving the bylaws, noting that the delay came due to the delay in approving the budget.

He added: “After the Board of Directors is approved, the executive director of the fund will be appointed to launch investment projects, the results of which we will see at the beginning of next year.”

The Iraq Fund for Development promised that it would serve as “a middle ground between ministries and provide funding to individual innovators and grant loans to young people to start new projects.”

He explained that the government is working on several programs to reach a strategic plan on how to activate and employ graduates annually, in order to train them professionally in preparation for new specializations that the government will need in the future, such as information technology, adding that the final plan for the total absorption of graduates does not yet exist.  LINK