[lower note tests] are happening now. Where? North [Perhaps Kurdistan] ...He said it's happening right now. In fact he says it's been happening...for about a week...We're looking for any rumors or scuttlebutt in the markets. Look everywhere. We're looking for 6 currencies - 1, 5, 10, 20, 50 and 100. Do we have colors for them? Yes, yellow, green, blue, tan, orange and light red. And coins...they're going to come out with coins too.
It's all about the accounting in order to make the exchange rate easier to transition for the accounting. It's all about...the numbers...once they are done with the accounting, once the rate is at 1000 to 1, stand by.
[Aki Iraqi Bank Friend Update]
Number 1 [Aki’s Boss] has informed Aki the CBI is going to have…’All hands on meeting’ to share the results of a recent CBI meeting. These meetings are continual and only with the banks, no politicians.
These meetings were with all the upper management of every bank in Iraq…IOO they’re talking about the new exchange rate of the Iraqi dinar and the new small category notes…We told you there would be one last rate change on the exchange rate of the Iraqi dinar. Aki suggested to us it would be 1,200 to 1…
WALKINGSTICK: …Look more for 1000 to 1 because when they get there then they can lift the three zeros.
Remember, we started with a MR that led to an RV that leads now today to an RD that will lead to an international float. Now...When it gets to the point of the float, a supply and demand of the Iraqi dinar...will determine which exchange rate of the RV that they cap it at.
[Iraqi bank friend Aki update]How will Aki profit by having these banks ? >By exchanging the Iraqi dinar for dollars. This is a profit for the bank. For Aki...
[Iraqi bank friend Aki update]
How will Aki profit by having these banks? By exchanging the Iraqi dinar for dollars. This is a profit for the bank. For Aki...
The economic reform is blossoming...because the monetary reform was a success...It is due to the security and stability that Sudani and Alaq have created for the reforms.
[Iraqi bank friend Aki update]
When Saddam was removed, many retirees...expatriots...soldiers...citizens left Iraq...A great portion has come to the United States of America therefore these [CBI affiliated] private banks are needed for the reinstatement for the Central Bank of Iraq to re-collect the 3-zero notes that are missing...They turned the private exchange centers into private banks for...the change in the exchange rate of the Iraqi currency.
Masrour Barzani: The regional government delegation is holding discussions in Baghdad to resolve the issue of the budget, salaries, and oil
Masrour Barzani - The regional government delegation is holding discussions in Baghdad to resolve the issue of the budget - salaries and oilShafaq News/ Prime Minister of the Kurdistan Region, Masrour Barzani, confirmed on Tuesday that the regional government delegation, which is visiting the capital, Baghdad, is in discussions to find a radical solution to the differences and outstanding issues between Erbil and Baghdad, represented by the issue of the budget, salaries, and the resumption of Kurdistan oil exports through the Turkish port of Ceyhan.
This came in a speech he delivered on the sidelines of the inauguration of the “Van Steel” rebar factory in Erbil Governorate, which is considered the largest of its kind in the region and all of the rest of Iraq.
Masrour Barzani said in his speech, “We hope that the situation in the Kurdistan Region, Iraq and the region will be safe and stable, and that the differences between the regional government and the federal government will be radically resolved, in order for us to continue our government program in reconstruction and rehabilitation of economic infrastructure.”
He added, “The Kurdistan Region and Iraq in general were in a very difficult situation due to successive wars and conflicts, and due to the misuse of power, and its people were living amidst instability, fear, extreme poverty, and destruction.”
Masrour Barzani added, “Today it is time for us to take lessons from past experiences, and to help and support each other within the framework of serving our citizens and building our country, which needs many years of continuous work in order for us to reach the ranks of developed countries,” stressing that “this is the solution.” The only way to achieve peace, stability, and a radical solution to differences is that if there is a real intention to resolve them, then there are many ways in this field.”
He also pointed out that “the delegation of the Kurdistan Regional Government, in order to solve a group of problems with the federal government that is still pending, is currently in the capital, Baghdad, to find a positive and appropriate solution, especially for budget issues, and the delay in financing the salaries of the people of the Kurdistan Region.”
He explained, “Yesterday the members of the delegation had fruitful discussions, and today they will continue those discussions to secure salaries primarily so that the people of Kurdistan do not pay the tax for mistakes, which unfortunately those who receive those salaries were dealt with inappropriately, and also, on the other hand, to resolve the issue of oil, in which we need to Introducing an advanced federal oil and gas draft law based on the permanent constitution so that we can once again produce oil and resume its export, which will be a gain not only for Kurdistan but for all the Iraqi people.
He continued by saying, “We hope that we will reach a common understanding, and that we will do many better things,” adding, “I believe that what is before us and the commonalities between us are much greater than the differences and problems that exist, and we must all think about the highest interests of the people, that they live in luxury, and put them in the best interests of the people.” Introduction to our programs.
The Prime Minister of the Regional Government concluded by saying: “We hope, together with Prime Minister Muhammad Shiaa Al-Sudani, the federal government he heads, and the ministers of the current formation, that we will work more in various fields and sectors, and that we will be able to take the country to a better and more advanced stage.”
Sudanese Financial Advisor: The informal exchange market represents only 10% of trading volume
Sudanese Financial Advisor - The informal exchange market represents only 10 percent of trading volumeThe financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the economic policy in Iraq seeks to implement the principle of monetary sovereignty, while stressing that the Iraqi dinar constitutes the only resort for exchange and pricing within the country, noting that the informal exchange market represents only 10%. from trading.
Saleh said, in an interview with the official agency, that “economic policy in general and monetary policy in particular is moving towards a new principle called (monetary sovereignty), which considers the Iraqi dinar the only refuge for exchange, pricing, and coverage of internal transactions.”
He added, “It is not permissible for the currency of another country whose monetary policy is subject to pricing and trade exchange operations within the Iraqi economy, and the principle of monetary sovereignty starts from this level.”
Saleh continued, “The problem in Iraq is the existence of two exchange markets: the first is the regular one in which exchange takes place through the central bank’s platforms, which prices the exchange rate at 1,320 dinars to the dollar as a stable and official price and defends monetary policy.”
He explained, “The second market is irregular, representing 10% of the trading rate. It is an uncontrolled market controlled by speculators and adds noise to the Iraqi economy as a whole.”
Saleh pointed out, “There are two things: the first is commodity diversification, which the government has begun through baskets that support livelihoods, including the food basket that has achieved stability in the prices of materials, as well as the medicine basket, a construction basket, and another for reserve materials that the Ministry of Commerce will launch soon, and these are funded at the official exchange rate and help to stabilize prices and counteract the noise introduced by the informal market.”
He stressed that “dealing in the dollar (dollarization) and its pricing of the internal economic movement is what is most harmful to the economy, but there is no harm in covering external transactions exclusively and through official platforms.”
Saleh pointed out, “On this basis, government policy and the policy of the Central Bank moved towards not relying on one country’s currency in foreign transactions and diversifying those currencies such as the Emirati dirham, the Turkish lira, the Chinese yuan, the British pound, and the euro, in addition to the dollar. This diversification reduces the dollarization of the economy and gives it great independence.” .
Saleh stressed, “This diversification can be generalized at the level of selling foreign currencies for travel purposes and according to the currency of the country you are traveling to. This will greatly reduce the demand for the dollar as a single currency in transactions, and the monetary and commodity diversification adds independence to the Iraqi economy.”
Regarding Iraq’s steps to provide these currencies, Saleh said, “The monetary authority in Iraq is independent and there is a wide consultation circle between it and the government. This is happening for the first time to open banking arrangements with central banks in countries that have a commercial partnership with Iraq, such as the Emirates, Saudi Arabia, Turkey, and China, and it is possible to cooperate with these countries.” Directly in their national currencies to achieve ease of conversion and exchange to finance trade and the movement of goods, supported by a stable exchange rate of 1,320 dinars, which allows for achieving stability and monetary sovereignty.”
He noted, “The demand for foreign currency is linked to the demand for goods and foreign transactions. It is dangerous to use the dollar to cover internal transactions, and monetary double-dealing has harmed Iraq. This must end, and it does not mean not providing foreign currency to citizens for the purposes of financing foreign trade or for the purposes of travel and tourism. Therefore, there are steps.” This is a major regulatory change aimed at achieving diversification through agreement with several countries with which transactions are conducted.”
He stressed, “The state has large commercial arms, and whenever it finds that there are needs affected by secondary market noise, the commercial apparatus intervenes to expand its dealings supported by a stable exchange rate, as well as in cooperation with Iraqi merchants.”
Regarding the government’s steps to strengthen the banking system, the Prime Minister’s advisor said, “There is a large team headed by the Prime Minister that directly supervises the reform of the banking system, and the largest system is the government system, whose assets dominate 85% of the assets of the banking system in Iraq, so the reform begins with government banks.” We are working on this seriously, and during the next 6 months the results of this reform will appear, and there will also be work in parallel to reform the private banking system, and there is a strong movement and cooperation in this direction with the associations of private and Islamic banks.”
HANOI (Reuters) – Vietnam and Japan on Monday officially upgraded their relations to a “comprehensive strategic partnership” during a visit by Vietnamese president Vo Van Thuong to Tokyo.
The move underlined Vietnam’s increasingly strategic role as an important link in global supply chains amid trade tension between China and the West, which is helping to bring foreign investment to the southeast Asian country as some companies relocate operations from China.
“This is an important event, opening a new chapter in the Vietnam-Japan relation,” Thuong said in a speech broadcast on national television.
The elevation of ties with Japan followed Vietnam’s historic upgrade of relations with the United States in September, when the former foes signed multiple cooperation agreements, including on semiconductors and critical minerals.
Vietnam has designated five other countries as comprehensive strategic partners, including China, India, Russia, South Korea and the United States.
Japan is Vietnam’s third-largest source of foreign investment and its fourth-largest trading partner, with bilateral trade reaching $50 billion last year.
Several Japanese multinationals, such as Canon, Honda, Panasonic and Bridgestone, are among the largest foreign investors in Vietnam, turning it into a regional manufacturing hub, with one of the fastest-growing economies in Asia.
Vietnam and Japan, both embroiled in separate maritime disputes with China, in 2020 reached a $348 million Japanese loan agreement for Vietnam to build six patrol vessels.
(Reporting by Khanh Vu, editing by Ed Osmond) LINK
ATMs with the new Dinar rate have been placed at the Iraqi Airports.
The new Iraqi Dinar coins are minted and will be made available to citizens on Wed. 28 Nov.
On Wed. 28 Nov. the new Iraqi Dinar Rate will be printed in the Gazette.
Currency dealers will be changing their currency rates Wed. 28 Nov. night after midnight.
A top Wells Fargo Bank source said Tier4b would be exchanging either Wed. or Thurs. of this week.
Another source said Tier4b would be exchanging on Thurs. 30 Nov.
On Wed. 29 Nov. the Sovereigns and the Chinese Elders will be paid (starting overnight Tues. into Wed. overnight). Depending on how that goes will determine when Tier4b will be notified to set appointments.
One Source said that notification for Tier4b (us, the Internet Group) will come after midnight Wed. night, early Thurs. morning 30 Nov.
The Admirals Group exchanges were done, but won’t receive liquidity until Tier4b notification.
Restitution and Recreation Allowances (a lump sum payment) and a significant increase in Social Security starts the first week of Dec. for ages 62 and over.
NESARA came in on Thanksgiving night 11-23-2023 at 11:11pm.
President Trump was planning on coming back in the first week of December.