Iraqi Dinar🔥Big Massive Update About Iraqi Dinar RV Exchange Rate Announ...

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 8 DEC

 Frank26  

[Iraq boots-on-the-ground report]

 FIREFLY:  Did you see this [sends video]?  ...They are talking about how the dinar is about to become stronger.  Then a commercial comes out  talking about how strong the dinar is already and will be even stronger very soon...It's about the strength of the dinar, telling them to use it for everyday things and will only get stronger and stronger.  [Watch video below]

  FRANK:  You better be ready Iraqi citizens! In my interpretation of it...

This is part of the monetary reform education they are teaching the Iraqi citizens that they will soon have value added to their currency...

Baghdad Is A Cash Cow...And The Regional Government Steals The Camel With What It Carries, 8 DEC

Baghdad Is A Cash Cow...And The Regional Government Steals The Camel With What It Carries

Today 19:59  Information/Exclusive:  The suffering of Kurdish employees continues as the regional government, which is controlled by the Barzani family, enjoys the good things of the southern governorates, amid a sharp rise in poverty rates as a result of; The Kurdistan government is stubborn in releasing employee salaries and not explaining the main reasons for this crisis, despite the continued seizure of oil export revenues and border crossings.

Otherwise, the central government in Baghdad decided to send money to the region, in clear violation of the law, in order to solve the crisis of employees’ salaries, whose voices reached the capital in massive demonstrations demanding their financial entitlements, which the Kurdistan government seized, according to observers.

*Continuing violations.

Speaking about this file, Member of the House of Representatives, Jassim Al-Moussawi, accuses the Kurdistan Region of not adhering to the decisions and controls of the central government so far, while he stressed that the salaries crisis is a defect within the Kurdistan government and Baghdad has no relationship with it.

Al-Moussawi said in an interview with the Maalouma Agency, “The crisis is not new today, but has been present for ten years until now,” noting that, “With the full money being sent to the region during the last period, we noticed the continuation of the crisis of employees not receiving their salaries.”

He continues, "The Kurdistan government bears responsibility for not finding appropriate solutions to the crisis despite its continuation for many years," pointing out that "the salaries crisis is a defect within the regional government and the Baghdad government has nothing to do with it."

He explains that "one of the reasons for the crisis is the failure to give salaries at the correct timing to employees," adding that "the Kurdistan region continues to not adhere to the decisions and controls of the central government until now."

*Clear and scandalous takeover!

For his part, political analyst Sabah Al-Ukaili wonders about the legal and constitutional basis on which the government continues to send money to the Kurdistan government, while he stressed that despite sending money to the region, the crisis of non-delivery of employee salaries continues until now.

Al-Ugaili said in an interview with the Maalouma Agency, “There are many unresolved financial problems with the regional government,” noting that “Kurdistan has not committed to implementing the budget provisions and the new government’s controls regarding controlling oil revenues and border crossings.”

 He continues, "Continuing to send money to the region without reaching final solutions to the financial problems between the two parties is a great risk to the government," pointing out that "sending money in light of the region's non-compliance with government controls is another violation of the provisions of the general budget."

He added, "Despite the numerous meetings, the data indicate a lack of transparency in the negotiations with the region," adding that "despite sending money to the region, the crisis of non-delivery of employee salaries continues until now."

It should be noted that the Kurdistan government continues to refrain from performing its duties by refraining from handing over the salaries of the region’s employees under the pretext of not sending them from the central government, while it still continues to illegally seize oil export funds, as well as revenues from border crossings, and despite the government sending The federal government received more than 2 trillion Iraqi dinars in payments in the previous period. Ended/25/Y  LINK

A Deputy Reveals The Loss Of 35 Trillion Dinars And Determines The Extent Of Smuggling, 8 dec

 A Deputy Reveals The Loss Of 35 Trillion Dinars And Determines The Extent Of Smuggling

Special Sumeria  2023-12-07 | Source: Alsumaria News  1,377 views  Today, Thursday, a member of the Parliamentary Finance Committee, MP Muhammad Al-Nouri, revealed the loss of 35 trillion Iraqi dinars in print, while noting that the volume of smuggling reached 60-70% and cannot be controlled

Al-Nouri said during his speech to the program (Openly), broadcast by Al-Sumaria satellite channel, that “more than 35 trillion printed Iraqi dinars do not exist inside Iraq, knowing that there are only two neighboring countries that deal with Iraq in dinars, and more than 3 months ago, 4 trillion Iraqi dinars were entered from the category of Iraqi dinars.” The (50),” pointing out that “Finance and the Central Bank raised the issue of bonds to control the issue of the Iraqi dinar, and they only collected one trillion.”

He added, “The control of the parties and the existing quotas within the financial system is what established the failure of the Iraqi economy, and there is no country so far that relies on paper accounts, and there are no final accounts in banks, no electronic automation, and more than 73 private banks except Iraq,” noting that “the system "The financial system must be independent in order to achieve economic balance within the country."

He continued, “Government banks are shackled by the Ministry of Finance and the Prime Minister,” noting that “the Central Bank is a failure and does not aim for real management, and the control of some parties over its decisions affected the price of the dollar, and its biggest mistake was pricing the dollar in the budget at 132 thousand compared to 100 dollars because Iraq lost more than 9 trillion, and the difference between it and the market became high.”

Al-Nouri noted that “the American Federal Reserve is responsible for monetary policy in Iraq and does not give money except with American approval, and whoever imagines that Iraq is in economic control is dreaming.”

He pointed out that "Iraq has become a source of narcotic drugs under the framework government, and the volume of smuggling has reached 60-70%, and more than 20 outlets in northern Iraq are not controlled, and the import of (cigarettes, gold, mobile phones, and alcohol) does not benefit Iraq because of this matter," indicating that " The volume of dollars actually sold inside Iraq does not cover the country’s needs due to smuggling, and these operations must be limited by controlling open ports and some ports controlled by parties.”

He pointed out that "the loss of the Iraqi dinar caused a lot of damage and as a result many small projects and construction advances stopped," stressing that "the Iraqi economy is completely linked to the United States and we were receiving 3 payments of the dollar now only one, and the US Federal Reserve sanctions caused an explosion in the exchange rate." He deals with us according to the missiles that fall on the  Ain al-Assad base and the embassy.”

Al-Nouri continued, "The government has no solutions and no bold decision to manage the crisis. The Central Bank must open the horizon to the rest of the banks and merchants and deal with the countries from which Iraq imports their currency, such as Iran, Turkey, China and others, and move away from absolute dependence on the dollar."

Regarding the government electronic transformation, a member of the Finance Committee confirmed that “the government does not have a database through which it can transform to the electronic system,” explaining that it “failed to control the ports because they are outside the borders of the state and under the control of some neighboring countries and armed factions.”  LINK

Frank did a good job some where is 1 to 1 IQD #iraq BY NADER FROM MID EAST

"BANK STORIES" BY MARKZ, 8 DEC

 MarkZ

   [via PDK] 

  A banking story:

  A friend of mine in New Brunswick in Canada and is a dinar holder walked into one of the Scotia banks and asked a manager if they were Basel 3 and ISO 20022 compliant. He replied that they were…

 My friend went on to say that he was a dinar holder and asked the manager if he knew anything about the upcoming currency exchange/RV. 

 The manager said that his staff is trained and ready for it. They are just waiting for the word...So there is a bank manager in Scotia who knows about the RV, is trained and ready for it….

  A member story:

  Former US congressman at a function in North Carolina this past weekend…They point blank asked the politician about some of the banking changes and if he owned any foreign currencies and was he familiar with the revaluation ?  

The former congressman said absolutely. I have some. I bought the currency and it is absolutely real...when asked by our community member (who I have great respect for) he said (when asked about the dinar) I have some and we are expecting it. This is somebody with a high level of knowledge from the inside.

  Comment:  I saw where the World Bank basically acknowledged the imminent revaluation of the IQD.   MarkZ: ...I did a deep dive this afternoon and reached out to boots on the ground over there and Well-Holy crap its confirmed.

  I guess they said to back off of Iraq as everything is settled and will soon be importing in a massive way.   I am very tickled to find out this is accurate... I have verified that there was a slip of the tongue on Iraqi television about the dinar revaluing. But stay calm…it has not occurred yet. We do not know the timing. It could be a day or a week…but, this is absolutely huge.

"STATUS OF THE RV" BY DINAR IRAQ AND DONG VIETNAM, 8 DEC

 STATUS OF THE RV

“Encouraging and dealing with the local currency under the current economic conditions in the country is an important issue, especially with the government’s tendency to “strengthen” the Iraqi dinar against other hard currencies, especially the dollar, as well as seeking to present it first in order to be a “issue of a homeland” in a real way.

They are telling us once again they must complete the currency reform first as in integral part of rebuilding the rebuild the economy and the country.

Today we also read in the news from Iraq that a government source revealed the arrival of shipments of dollars to the Trade Bank of Iraq (TBI), indicating the arrival of other shipments in the coming days.

So, they are already progressing on the new policy of importing dollars via the banks and not from the CBI reserves.

This way the banks are stakeholders in the use of the dollars and will suffer most if they are abused.

This practice also eliminates the middle man, the black market as the banks will manage the dollars and be responsible for adhering to the “official” CBI rate.

It is all just one step away from the elimination of the program rate currency auctions altogether.

Another interesting article from Baghdad Today titled “US CENTER: US WITHDRAWAL FROM IRAQ MEANS THE “END” OF THE DOLLAR“.

The American Lowe Foundation for Political Studies revealed on Wednesday (December 6, 2023) the reasons that it said “to prevent” the withdrawal of US forces from Iraq under any circumstances, stressing that the withdrawal would mean the “end” of the dollar and US hegemony over the world.”

The center explained, according to what was translated by “Baghdad Today”, that “the US government and during the past fifty years, after the abolition of the currency budget in gold (1972 by the Nixon administration), was keen to keep the value of the dollar high through” military and political control over the sources of wealth in the world, the most important of which is oil, ” stressing “This is the reason behind the defense of American presidents, whether Democrats or Republicans for Washington’s policy in Iraq and the Middle East.”

This article is not saying that the de-dollarization in Iraq is bad but the withdrawal of armed forces to protect the oil and enforce US policies.

But we can see this is going to happen like it or not.

We as investors can clearly see the path leading up to the reinstatement of the Gold standard someday very soon.

Okay so my resent conversation with my CBI contact told me that negotiations with Turkey went very well and they decided that the use of the Euro may be a good alternative to the dollar.

As you may know beside Iran, Turkey is the second largest trader with Iraq.

I was also told that by mid-December it is planned to begin the sway-out of currencies and the newer of the lower denominations will appear.

This would mean a new program rate in-country of about 1:1 but my contact could not (or would not) give me a definite rate.

My contact is just as excited as we all are as the Iraqi people will finally get what they too have long waited for.

They will get their economy moving.

It means more jobs, rebuilding schools, churches, hospitals and electricity 24/7 once again.

Yes, these are VERY exciting times but this is the important part not us getting rich.