Al-Sudani: The Iranian side has no problem in dealing commercially with Iraq using dinars or tomans
Prime Minister Muhammad Shiaa Al-Sudani said today, Thursday, that: “Economic reform begins with the financial and banking sectors,” while noting that “the government is committed to providing the dollar at the official rate,” and stressed that “there is no problem on the Iranian side in dealing commercially with Iraq in dinars.” Or toman.
Al-Sudani said in a televised interview followed by “Al-Mutala’” that: “Conducting the population census, the first step in implementing Article 140 of the Constitution, was postponed to May 2024 after it was scheduled to be conducted this year due to the governorate council elections,” pointing out that “the time has come to lift the census.”
The outstanding problems between Baghdad and Erbil lie in the border crossings and the budget.” He added, "We went to borrow from the Ministry of Finance to pay the salaries of the employees of the Kurdistan region, and we are in favor of finding a solution with a legal amendment that considers the employees of the Kurdistan region as equal to the rest of the employees of Iraq," stressing, "The government is keen to end the suffering of the Kurdistan employees' salaries crisis." On the other hand, he stressed, "Economic reform is the gateway to financial and banking reform, and the issue of the exchange rate requires this reform. We are committed to providing the dollar at the official rate to merchants, investors, contractors, students, and travelers.
" He pointed out, "95 percent of our trade now passes through the electronic platform, and there are those who circumvent the law and buy the dollar at the parallel price because they do not want to apply legal procedures." He stressed, "We will not accept that the official price of the dollar be equal to the parallel price, because that would encourage smuggling." Regarding foreign trade, Al-Sudani said: “The Iranian side has no problem in dealing commercially with Iraq in the dinar or toman currencies.”
He continued: "The problem of commercial transfers to Turkey has been solved by opening accounts in the Turkish lira." He stressed that "food prices remained stable, despite the attempts of manipulators to speculate on the price of the dollar." link
BANK STORY LADY: …I got into the wealth department…The lady was very pleasant and nice and she said, ma’am I do have the currency…She explained they should be all set up a week from Friday.
FRANK: I guess it’s no secret.
Bank Story Lady: I said I would love to be your customer. You respect me, I will respect you...I asked what would I need to do? She says just come right up in here to this branch office and we’ll take care of you.
FRANK: They’re ready to do exchange with any foreign currency but they’re not ready for the dinar until a week from this Friday.
Bank Story Lady: …I said I do have dinars, but I do have others…[she says] Yes ma’am we should be ready a week from Friday.
FRANK: They didn’t deny the dinar will be exchangeable, they told you we’ll be ready for the dinar a week from this Friday…that’s the 21st or 22nd… Question: “How fast do you think the rate will increase [Once it floats]?”
Frank26: I always thought within a year. [Now] Anywhere within 3 to 6 months IMO.
1 to 1 is stupid…Did they not say their desire is to be on par 1 to 1 with the American dollar? Did they not say their desire is to take that relationship and de-peg from the dollar and go into a basket where the dollar, …instead of being pegged, will be paired with the dollar along with many other currencies…They told us that did they not? I didn’t make this up in my imagination. This is the monetary reform plan…They told us about what is going to happen on the 1st…1 to 1 in a basket to start out with? No. IMO when it comes to calculating…look at inflation factors…M1, 2 and 3 figures …No – 1 to 1 is stupid…it’s ridiculous.
I received some information yesterday from a trusted source: The window for Tier4b (us, the Internet Group) to receive an appointment is between now and Sun. 17 Dec.
Today Thurs. 14 Dec. we got something that extends it to Tues. 19 Dec.
Tonight Thurs. 14 Dec. a Treasury representative said Tier4b would be notified Mon. 18 Dec. with exchanges starting on Tues. 19 Dec.
There were 16,000 Bond Holders who could see their funds but didn’t yet have access to them, but would go on Sun. 17 Dec with access to them on Mon. 18 Dec.They would be pretty much done by Christmas.
Tier4b will probably go on through Christmas to the end of the month with the Redemption Centers, but they did say they intend to get this done before Christmas.
Tier4b should get email notification from Wells Fargo on Mon. 18 Dec.and start Tues. 19 Dec. That is the plan and that’s what been given to me
The Redemption Center rates will be the best available – you won’t get that in the small banks. Even if you only hold Dinar and Dong still call the toll free number because the rates you get at Redemption Centers will be the highest.
There was a two page Non Disclosure Agreement you would have to sign and the 55 page booklet of who not to give money to. If you give money to someone listed in the booklet your account will be seized.
Political change I believe is coming by the weekend
