Central Bank of IRAQ RV Process is happening Now | Iraqi Dinar latest ne...

"RV UPDATE" BY MILITIAMAN, 17 NOV

 Militia Man 

  Bank of International Settlements ....when the Central Bank of all central banks starts talking the world starts to listen... Quote:  "One of the outputs of the meeting is the preparation and publication of...workings papers on the latest...monetary policy challenges and how to respond to economic shocks in the countries represented at the meeting."  All these banks....have been told there's going to be challenges ...When you raise the value of currencies...there's going to be consequences ...There's gong to be some good and bad but they're telling you, We're doing something and you need to be prepared...

If you own this currency and are an investor and you don't know what you own it's time to pay attention...because this is all coming to fruition...It's a beautiful time frame to be a so-called 'dinarian'...

The Hydro-Carbon Law will require an international exchange rate.  The 2023, 24, 25 budget will require it.  The salaries and the payment to the citizens will require it.  The WTO will require one.  The house contracts will require one.  The Development Road Projects, economic and financial reforms, all of them are going to require an international acceptable Article VIII compliant exchange rate..

Evening News with MarkZ. 11/17/2023

In euros and yuan.. The Sudanese advisor explains the mechanism of working in the “equal deal” for trade exchange, 17 nov

 In euros and yuan.. The Sudanese advisor explains the mechanism of working in the “equal deal” for trade exchange

On Wednesday, Mazhar Muhammad Saleh, economic advisor to Prime Minister Muhammad Shia al-Sudani, explained how the “equal deal” for trade exchange works.

Saleh explained that the equal deal involves financing trade exchange between countries using a mechanism of settlement and payment in their respective local currencies.

In simpler terms, trade exchange involves facilitating the trade of commodities between two countries. During this process, the settlement and payment are carried out using the currencies of both countries. As a result, each country retains the currency of the other country.

He explained that the trade process between any two countries in the world is conducted based on free competitive principles. The goods exchanged are priced in the local currency with a fixed exchange rate between the two local currencies. This simple commercial application is currently being used by some Gulf countries with countries like China or India.

According to a government source, Iraq is currently pursuing an “equal deal” initiative whereby trade and imports will be exchanged with certain countries like China and India, using their respective currencies instead of Iraq’s main trading partners like India, China, and some neighboring countries.

Iraq Central Bank Strikes Key Deals To Bolster Currency Reserves, 17 nov

 Iraq Central Bank Strikes Key Deals To Bolster Currency Reserves

ICB faces criticism over unconstitutional currency import methods

Iraq’s Central Bank has initiated agreements with foreign countries to enhance the reserves of Iraqi private banks in various currencies, amidst growing domestic challenges. These developments come amid calls for a no-confidence vote against the bank’s governor due to economic pressures and the declining value of the Iraqi dinar against the US dollar.

According to the Iraqi News Agency, the bank and US officials have reached an agreement to bolster the reserves of 10 Iraqi banks with US dollars. The agreement, made in Abu Dhabi, allows five banks to work with Citibank and another five with JP Morgan. Furthermore, the bank is increasing the number of banks permitted to hold reserves in the Chinese Yuan through the Singapore Development Bank to 13, with two banks already strengthening their reserves in Indian Rupees.

These measures are aimed at supporting nearly 95% of Iraq’s foreign trade needs, which rely on foreign currencies. Additionally, the bank is exploring ways to boost Iraqi banks’ balances in Emirati Dirhams, Euros, Chinese Yuan, and Indian Rupees, particularly for financing imports in the pharmaceutical and food sectors.

The bank’s decision to allow private banks to import foreign currencies via commercial flights has sparked controversy, with critics labeling it unconstitutional. This has contributed to a parliamentary motion to remove the bank’s governor, who is also facing criticism for failing to stabilize the dinar’s value against the dollar, despite a government-approved currency revaluation earlier this year.

https://themedialine.org/headlines/iraq-central-bank-strikes-key-deals-to-bolster-currency-reserves/

Iraqi dinar 🔥 Iraqi dinar revaluation set inside source confirmed 🔥 Iraq...

"RV UPDATE" BY MARKZ, 17 NOV

 MarkZ   

[via PDK] 

  I still continue to hear from Iraqi sources that come hell or high water they are going by the first of Dec.   I continue to hear fantastic things about the progress and how Iraq has positioned itself to force this across the finish line.   I’m excited as to where we are... Question:  Many said RV is going to happen this weekend, what do you think?   MarkZ:  The chatter is phenominal…so its possible.

  Article:  “Baghdad reveals new economic package to further de-dollarize trade”  Of course the goal is to strengthen the dinar. This one is from the Express Tribune “Unshackling the Iraq Dinar” Talking about how Iraq has a plan to unshackle themselves from US dealings…and is aligning themselves with BRICS and new emerging global commodities.  Part of that process is strengthening the dinar…removing the 3 zeros…(not a lop).  These are great… They are coming from main stream

worldwide news sources and are talking about exactly what we are expecting. The Strengthening of the dinar…de-dollarization...and  return of commodities backing their money.

I have had more banking confirmations ...saying that all we are waiting for is a “GO” and any final instructions for anything that may have changed last minute.  I talked to some banking sources…and it is overwhelming the banks saying we are at “any moment”  and a number of them are saying it’s this week. The sheer number of bank sources from different banks (3 regional banks and 4 major banks) that were told to get ready for any moment this week...Whether it is this week or not - the chatter is sure great.