"RV UPDATE: COLORADO BANK STORY" BY FRANK26, 18 NOV

 Frank26   Question:  "Has anything changed in regards to Iraq satellite banks exchanging dinars for US citizens?"   No.  They will follow American banking laws.  They won't do anything different than any American bank is doing in American territory.  

 The process to exchange your dinars it's not going to be as difficult as your mind tells you right now that it's going to be.  

 FRANK:   I've had so many bank stories in the last two weeks that it not only knocked me off my feet but I'm still floating up in cloud nine.  It's no secret.  What happened. 

 BANK STORY GUY:  I live in a very small town in Western Colorado.  I've been banking with the same bank for 30 year...The bank president...borders on the edge of being a very good friend...This morning I walked into the bank...and I saw him sitting in his office and...I said you know 4 or 5 years ago I started talking about the dinar and he said yeah...he had on his poker face...I said myself and my wife have X number of dinar.  He said ok.  I said I hear Sudani talking about a date of January 1st that you can no longer use the American dollar in Iraq.   

And considering they're now talking about releasing change to the people.  I said, when I first started talking to you about this the exchange rate was about 1470 roughly to 1...does it make any sense to start issuing any coinage? 

He kind of grinned at me big.  He said, no sir it really doesn't.  I said, Tom, I'm nervous...I know what the FDIC covers and ...you know how much currency I have.  Even if it goes at 1 to 1 I'm kind of spooked about how much wealth I could lose.  I said...you're a small bank.  They're very well known throughout the state of Colorado...but they're not a Chase or Wells Fargo.  I told him I've got a Wells Fargo account and I said honestly Tom I hate that bank but push comes to shove I can transfer my funds.

 What's funny all of a sudden his poker face breaks and he says when it comes time to do the exchange I'm sure we can... assist in some way.  I said that's what I was hoping to hear.  If and when the time comes, you and I have been friends for a long time, you know I have 100% trust in you, do I come to you to get advice on how not to lose my funds?  He's says no.  I'm going to set you up with a wealth manager and he immediately is typing stuff in to his computer and this is what caught me off guard, he turns around and he says you know I've seen exchanges and movement in the dinar in just the past few days...

  I said I got to get to Albuquerque this afternoon...I got to get going when I get back I'll give you a call...I stood up and shook his hand I said you know what I probably won't talk to you for a while so Happy Thanksgiving to you and your family...and he said oh, we'll talk before that.  FRANK:  There it is! 

US exports to Iraq projected to surpass $2 bn in 2023, 18 NOV

US exports to Iraq projected to surpass $2 bn in 2023

Shafaq News / The "Iraq Future" Foundation for Economic Studies and Consultations predicted on Friday that the US's exports of goods to Iraq will surpass two billion dollars during the current year, marking the first time in five years.

Manar Al-Obaidi, the foundation's president, stated that the United States' exports to Iraq are expected to exceed two billion dollars for the first time in five years. This rise will be supported by exports of aircraft and automobile parts, wheat crops, and electric power production equipment.

He further elaborated that the average of US exports to Iraq from 2018 to 2022 was around one billion dollars, noting that in 2023, the rate of US exports to Iraq is projected to surpass the two-billion-dollar mark, possibly outperforming India's exports to Iraq.

https://shafaq.com/en/Economy/US-exports-to-Iraq-projected-to-surpass-2-bn-in-2023

"RV UPDATE" BY RAYREN98, KAPERONI & JEFF, 18 NOV

  RayRen98 

  [via Babysmom]     A GOOD SOURCE SAYS, "ALL IS READY, JUST WAITING ON THE (GO) SIGNAL...ALL SYSTEMS ARE READY...NO HOLD UPS IN SIGHT TIME WILL TELL... "AGENCY FOLKS ARE ON HIGH ALERT..."

Kaperoni 

 A lot of people probably don't realize, but  I've been in the dinar investment since 2008.  Probably one of the most knowledgeable on the facts, and read most professional documents ever written pertaining to the dinar. I know what I'm talking about.

Jeff

    You're like, why hasn't Iraq revalued?  They've gotten everything done?'  And they do!  Iraq has everything done.  They're ready to revalue but they're not going to revalue till they tackle corruption...They have to remove this corruption.

All is Done & Ready?💣Just Waiting for Go Signal!🤔Iraq Dinar RV Updates |...

US Sanctions Kata’ib Hezbollah in Iraq Amidst a Rising Mental Health Crisis, 17 NOV

 US Sanctions Kata’ib Hezbollah in Iraq Amidst a Rising Mental Health Crisis

In an escalating response to recent attacks, the United States has imposed sanctions on six members of the Iranian-backed Iraqi militia, Kata’ib Hezbollah. These sanctions, which include the blocking of US property and bank accounts, are a clear message against the alleged perpetrators of at least 60 attacks on US and coalition military facilities in Iraq and Syria. The Treasury’s Office of Foreign Assets Control has stated that the Kata’ib Hezbollah group is supported by Iran’s Islamic Revolutionary Guard Corps-Quds Force, a designation that is echoed by the State Department’s classification of the group as a terrorist organization.

Mental Health Crisis in Iraq

Meanwhile, in a country battered by conflict, the mental health care system in Iraq is in a precarious state. The struggles of Raghad Qasim, a 34-year-old women’s rights activist, are emblematic of a larger crisis. Despite her desperate search, Qasim was unable to find a psychologist in Baghdad, ultimately resorting to online consultations with a Lebanese therapist. It was through these sessions that she began to recognize the deep-seated impacts of war and the 2003 American invasion on her mental health.

Understaffed and Underfunded

With only two mental health workers per 100,000 people, Iraq falls significantly below the global average. Institutions such as the Al-Rashad Teaching Hospital in Baghdad, established in 1950, are severely understaffed. They cater to patients with chronic and serious mental illnesses but face a severe shortage of specialized doctors. The hospital’s director, Firas Al-Kazimi, has voiced concerns over the overwhelming patient-to-doctor ratio, a testament to the strain on the country’s mental health sector.

A Glimmer of Hope

Despite these daunting challenges, the perception of mental health is slowly changing in Iraq. More people are seeking help, and organizations like Médecins Sans Frontières (Doctors Without Borders) are stepping in to offer psychological services along with physical therapy. Stories of individuals like 30-year-old Zainab Abdul Wahab, who experienced significant improvements in her mental state through these services, offer a glimmer of hope in a landscape marked by conflict and struggle.

https://bnn.network/breaking-news/health/us-sanctions-kataib-hezbollah-in-iraq-amidst-a-rising-mental-health-crisis/

The dollar is on track for a major weekly decline as inflation recedes, 17 NOV

 The dollar is on track for its largest weekly decline against the euro, yen, and Swiss franc in months as investors sell in anticipation of a 100 basis points cut in US interest rates next year.

Over the past week, the dollar made some significant movements in the currency market. It recorded a decline of 1.6 percent against both the euro, with a rate of 1.0854 euros to a dollar, and the Swiss franc, with a rate of 0.8882 Swiss francs to a dollar. This marks the largest weekly decline for the dollar since mid-July. Additionally, the dollar fell by 0.6 percent against the Japanese yen, with a rate of 150.53 yen to a dollar.

Oil prices dropped to their lowest levels in four months on Thursday. Additionally, Walmart announced that it would lower its prices, further contributing to deflationary pressures. Recent data has shown that these deflationary pressures have stabilized US consumer prices, leading investors to believe that inflation is decreasing and that interest rates will remain steady.

The British pound experienced a 1.5 percent increase this week, reaching $1.2410. However, the Australian and New Zealand dollars saw a slight decline on Thursday due to indicators of a slowdown in the US economy, which negatively impacted commodity prices. Nevertheless, both currencies are poised to record weekly gains.

Movements in Asian transactions on Friday were limited. The Australian dollar traded at $0.6466, up 1.7% during the week, while the New Zealand dollar recorded $0.5960, up 1.2%.

The Chinese yuan reached its highest level in three months against the US dollar, trading at 7.2447, with expectations of achieving its best weekly performance in two months.

"RV UPDATE" BY PIMPY, 17 NOV

  Pimpy

  What would really be a super huge lift and bring a ton of value to the Iraq dinar is if they get away from the greenbacks and start using their own currency to do transactions for the oil.  That would be huge. 

There are a lot of things happening in Iraq that are contributing to the growth of their economy and the strengthening of their currency.  If Iraq could just get out of their own way.

  I haven't been this excited about Iraq in a long time.  I remember in 2019 they were really striving, making great steps and then everything kind of fell apart and then we had the whole "Rona" thing took place and it just seemed like they could not get their head above water.  But this past year, everything is looking pretty good. 

We know the beginning of 2024, we heard anyways, we'll see if it actually happens, Iraq is no longer going to use the US dollar in the country.  That will lower the demand for US dollars but that still doesn't curve the demand for US dollars that are being smuggled into other countries.  It will decrease the demand for US dollars and increase the demand for Iraqi dinars.  This is really good.