FIREFLY: TV saying in news that the decision to raise interest rate in Iraq will increase the banking sector.
FRANK: The only reason they’re talking about raising the interest rate is because your exchange rate is about to go up in value…
FIREFLY: Television…CBI governor is saying the reason why there’s no funding for the budget instructions is not due to the exchange rate. He’s saying it’s internal…
FRANK: Actually…it’s due to the relationship between the dinar and the American dollar that’s the exchange rate that they’re talking about. Notice they have to clean the floor of the CBI from all terrorism and that’s why they’re also doing this…The monetary reform plan is moving forward very nicely…
Alaq and Sudani are doing a good job because I looked at Maliki, Abadi, Kudami I don’t see them as the equivalent as Sudani. These three prime ministers…were all bad…
Judy Note:If you were reading this Updateon, or from Operation Disclosure Official,be aware that the information has been redacted. For a complete un-redacted version, see a PDF copy at the end of the Update on Operation Disclosure Official, or read an un-redacted version on the Rumor Mill Website.
Rumored Global Currency Reset Timeline:
The Iraqi Dinar has revaluedand 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.
Overnight Sun. 15 Oct. the Banks completed the remaining layers of payments and that same Sunday the IMF and World Bank held their last meeting.
By Mon. 16 Oct. the Dinar was fluctuating in value on the back screens of the Forex, though was mainly at $1.47 to the USD in-country. Also, the RV launch algorithms were said to be ready to go; Dubai 1 had been released and Dubai 2 had almost finished it’s launch.
On Tues. 17 Oct. Iraq passed a law giving 5% interest rates on all bank deposits. They encouraged Iraqi citizens to move their Dinars from under the mattress and deposit them in the bank for profit. “Our new automated Banking Systems are waiting to make it happen for you.”
On Wed. 18 Oct. Iraq raised their interest rates because they were going to raise the value of the Iraqi Dinar.
The 20 or so days of Disclosure was believed to have begun around Sun. 1 Oct. If so, that would take the RV Timeline to this Fri. 20 Oct. when all buy-sell Bond Operations will be closed, meaning you can’t buy any more bonds. You have to ask Why? Perhaps the RV?
Starting the fourth week of October Repatriation and Reclamation Allowances would 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.
On Sun. 19 Nov. XRP gold/asset-backed digital currency would be official.
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.
Global Currency Reset:
Thurs. 19 Oct. Bruce: Currency Sellers have been advised they were no longer able to sell currencies after 11:59 pm Fri. night 20 Oct. Central Daylight time. Once the Currency Sellers stopped being able to sell, Tier4b (us, the Internet Group) would go.
The optimal time we could be notified was Sat. morning 21 Oct.
Wed. 18 Oct. MarkZ: “On the Bond side there are some with appointments this Friday(20 Oct.) and they are expecting full funding. There are also a couple appointments for over the weekend. There are still expectations of things paying out overnight tonight. Starting in Asia and Europe and moving our way” …“The petro dollar is done. If anyone is to buy any BRICS nations oil you will have to pay in their currency. They are not accepting the US dollar.”
Wed. 18 Wolverine: All operations will be closing by the 20th of October which means you can’t buy any more bonds. They will be shutting down. We are that close, guys. The launch algorithms were ready to go on Mon. 16 Oct.Dubai 1 has been released and Dubai 2 could be finished by now. Banks completed the remaining layers of payments overnight Sun. 15 Oct.
Wed. 18 Oct. TNT: The window for the rate change is still open. The word is Thursday going into Friday 19-20 Oct, but it can still be at any minute. It’s the perfect time to change the rate, while the international transactions are shut down to stop the smuggling of US dollars out of the country.
Currency Sellers have been advised they were no longer able to sell currencies after 11:59 pm Fri. night 20 Oct. Central Daylight time.
Once the Currency Sellers stopped being able to sell, Tier4b (us, the Internet Group) would go.
The optimal time we could be notified was Sat. morning 21 Oct.
There was a conference call between the US Treasury, Wells Fargo, HSBC locations worldwide and Redemption Centers around the Globe scheduled for 1-3 pm EST Fri. 20 Oct.
They will discuss whether or not Redemption Centers could be staffed on Sun. 22 Oct.
PM Barzani Urges Stronger Coordination to Eliminate Money Laundering, 20 OCT
ERBIL — Kurdistan Region Prime Minister Masrour Barzani on Thursday received the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, to stress the need to strengthen bilateral cooperation to uproot money laundering in the country.
During the meeting, the two officials underscored the importance of cementing coordination between the Kurdistan Region and federal government of Iraq, the Central Bank of Iraq in particular, to conduct comprehensive banking reforms, eliminate financial irregularities and money laundering across the country.
They emphasized the growing need to establish a stable and diversified economy, and agreed that continued cooperation between the two sides is essential for the development of the economy and stability throughout Iraq.
The Kurdish leader thanked the Central Bank of Iraq for its support and cooperation in helping develop the "my account program" in the Kurdistan Region, which is designed to transition salary payments of Kurdistan's civil servants into electronic payment.
The prime minister stressed that the development of the Kurdistan Region should be viewed as advancement of all Iraq and contribution to the common good of all peoples in the country.
PM Barzani Commends Cooperation Between Public, Law Enforcement, 20 OCT
ERBIL— Kurdistan Region Prime Minister Masrour Barzani on Thursday commended the strong cooperation between the general public and the law enforcement, which he said has significantly contributed to the Region's security and stability.
"Fortunately, one of the reasons behind Kurdistan's security and stability, which is a key achievement for the Region, is the cooperation, coordination, and strong relations between the people of Kurdistan and security institutions," the Kurdish leader said during the opening ceremony of a police training graduation ceremony in Erbil today.
He also urged the police, the security establishment, and all the other law enforcement agencies to continue proper compliance with the values of the rule of law and discipline in discharging their duties in order to ensure fair and just treatment of everyone alike.
The prime minister also emphasized the need to ensure social justice and equality in enforcing the rule of law in order to protect the human rights of every individual in the Region.
In the end, he extended his warmest wishes to the fresh graduates of the training course, which he hoped will help them better protect the safety and security of the general public in the Kurdistan Region.
In Iraq they have the ability IMO to do a controlled free float...People ask me,
'Why doesn't Iraqi dinar free float?'
Because it could be very very risky.
They could benefit from it. They might go in the right direction. People might think they have something to offer...worth investing into, that they have a bright strong future...which I think Iraq does and
I think they could benefit from being on the Forex but they have to have the restrictions removed off their currency...Iraqi dinar is on the local one [Forex]. They're not on the big Forex.
There's still problems with the exchange rate...Right now the solution they've come up with is increasing the interest rates for customers if they deposit their money and leave it there [In a bank]. 7.5% is a pretty good size interest rate if you're going to leave your money in a deposit at your bank. In the past we used to have stuff like that but we don't anymore unfortunately.
Article: "Al-Kadhimi: The decision to increase the interest rate will activate the banking system inside Iraq"
Will increasing interest rates on your account to 7.5% draw people in? Heck yeah it will! If a bank did that in American you would see a lot of people run to it...
Quote: " The Central bank's decision...falls within banking reform measures... of prime minister Al-Sudani's directives... The decision...will certainly encourage citizens to deposit in banks which will stimulate financial movement...in addition to... reducing the exchange rate of the dollar against the Iraqi dinar."
That's really what the goal is...If this doesn't work there's going to be other measures that need to be taken in order for them to do something about closing that gap between the parallel market and the set rate of 1320 dinar.
Breitling
LOP - If they're going to LOP they don't need to shut the dollar off in their country. They don't need to reduce their money supply. They don't need to get rid of the 50 dinar note.
They don't need to pass banking laws. They would have said that's what they wanted to do. They said they wanted to add value to their currency and that's it.