I asked [my CBI contact] what the next targeted steps were and I was told that the committee does not even know and were told just to standby and the CBI is going to try to “push” to continue as they are ready for the next step in the process. I was told the IMF is negotiating the new peg for the dinar but to remember it impacts all countries in this new peg not just Iraq.
I was told this is close to being completed and should be done this week ending. This lines us up for next week to begin the currency sway [swap ?] out, but they told me it is delayed until further notice.
So, at least we now have a timeline when they did plan it and still could do it based on what happens with the US bombing issue. My contact did reiterate that the process now is irreversible and must go forward. The US had already given assurances they would not back out if the CBI moved ahead. So all I can say is let’s sit tight and watch what does happen in the coming week.
Bruce’s Big Call Dinar Intel Thursday Night 12-14-23
Transcribed by WiserNow
Welcome, everybody to the big call tonight. It’s Thursday, December 14th and you’re listening to the big call. Thanks for tuning in. Again, thank you sat team for getting all out all around the globe.
People are getting it and hearing it in their own language in about three seconds after I say it so that’s really terrific technology. Thank you sat team for putting that together – getting it out there for everybody. Everybody else that’s hearing me in English on free conference call – Welcome. Thank you for coming in again.
Let’s go into some intel. Let’s see what we have tonight. Now I received some information yesterday from a trusted source that gave us kind of a window that took us all the way to Sunday.
Between anytime – you can go anytime between now and Sunday, which is the 17th – I thought all right. Okay, good. Then we get something else today that extends it for a couple of days. There’s no it’s more likely to be between now and Tuesday the 19th.
I thought all right. Okay, two days we can live with two days. All right. Then on this call tonight, which was good intel from a very trusted source and a treasury representative. We’re talking we’re really looking at us to be notified on Monday.
Which is the 18th and exchange on the 19th if I have my dates right. Monday into Tuesday is what looks like is going to happen to tier 4B – that’s us. The Internet Group – the bond holders – I said 16,000 can see the funds in their account, but they don’t have access to it yet.
It looks like they will gain access to those funds Sunday and Monday – and bondholders will be paid out all the way through and through and beyond Christmas. It ought to be close They ought to be done pretty much by Christmas. We – that start let’s say – Monday with notifications – Tuesday with exchanges. – I think we will go through Christmas.
I believe the redemption centers will take Christmas day off, which is the date which is Monday the 25th and I believe they’ll leapfrog over it and they’ll continue on 26 all the way through the end of the month.
That’s what I forecast will happen with the redemption centers. But they did say they intend to get the started before Christmas and it looks like that’s what is going to happen.
We just need to let those email notifications from Fargo servers come into us with the toll free number and that this point we’re hearing that will happen on Monday.
And today’s Thursday, Friday, Saturday, Sunday, Monday, four days away. We should get her notifications and then set appointments and start on Tuesday. That is the plan as it has been laid out to me.
So you have basically that’s what we’re looking for. When are we going to start? When are the numbers going to come out? When are we going to center appointments and when are we going to start exchanges that covers the majority of everything that we are looking forward to hearing.
And when you have a window that is three or four days and you have another window, extending it two more days and now you have basically the time given for expecting it through the redemption centers. And I think we’re good to go
Now realize this. The Redemption center rates on their screens will be the best rates available they will be the best rates if you try to just say well, I’m just gonna go to this small mom and pop bank – You’re not gonna get the big rates. You’re not gonna get the rates that President Trump wants us to have
So even if you’re only a dinar or dong holder, you don’t have zim still call the toll free number because the races you’ll get on those currencies will be the highest as well. And there’s a vast difference between the redemption center screen rates and that of the banks. Even the tier one banks are not a match up.
They just aren’t – our guys at the redemption centers see all the rates on all screens. And they know what the bank rates are. They know what all the rates are and we get a review of those from time to time just to keep us up to speed.
So what you want to do is you want to get the best available rates. We know we’ve got new NDAs probably two page I think two page NDAs there is that 55 page booklet of who not to give money to if you do you’re most likely have your funds seizes – the funds will be frozen and quite possibly seized – they’re going to tell you who don’t you give it to who not to give it to so you better take a good look at that booklet before you start giving money away
Today is Thursday. We’re looking to get notified Monday should be our last call, as far as we can tell. And don’t be dissuaded by certain things that you might read online.
Because I can tell you this is pretty solid. Now did we think it was going to happen by now? By today or by the 15th? Yeah, we did.
But I know that they’re still in the midst of doing cleanup, and getting everything ready. They’re even through the point now where they’re going through redemption center staff to make sure they’re all playing, doing the right thing. And they have had some hiccups in that area yesterday. So they’re ready for us I believe. I believe political change is coming. Possibly by the weekend. We’ll see and stay in prayer for that –
Otherwise, I’m gonna say Merry Christmas everybody. And we will definitely catch you on the other side.
So we’re going to be in touch with you able to do so if we have your email address. We will let you know when we have a podcast, a special call to update you on our projects, how you can participate. What that’s going to look like.
Let’s do get through Christmas and New Year’s holiday and through Hanukkah. And let’s get through the other side and we will be in touch with you. That’s what I have to say tonight. everybody. Thank you for listening Let’s go ahead and pray the call out.
Will agreements with international banks contribute to solving the monetary problem in Iraq?, 16 DEC
Economic researcher, Ziad Al-Hashemi, confirmed on Friday that the agreements with the banks of the Emirati First Gulf, Turkish Labor, Singaporean Development and others will not end the monetary problem in Iraq.
Al-Hashemi said in a post on the “X” platform followed by “Newspaper”, that “it is expected that these agreements will provide multiple cash alternatives that will help the merchant.” Iraqis can transfer their trade funds quickly and flexibly and reduce dependence on the dollar in foreign transactions.”
He explained, “These agreements will also help reduce the demand for the parallel dollar by attracting the segment of merchants who previously turned to the parallel dollar in search of quick transfers away from the platform, its complications, and delayed approvals.”
He added, “However, the demand for the cash dollar will remain high, and the official dollar will continue to be withdrawn and converted into a parallel dollar by powerful parties that own huge amounts of dinars, and have no relation to regular or official commercial work, and will continue to put pressure on the Iraqi economy to obtain the dollar in all ways and means.”
He continued, “This fact was confirmed by the exchange rates during this period, which maintained their high levels and did not decline despite these agreements and despite hundreds of millions of (imported dollars). This is what makes the exchange rates ready to rise at any moment and with any new event.”
He stated, “Despite the Federal Reserve’s tightenings and the Central Bank’s attempts, it is expected that the problem of the cash dollar, the parallel dollar, and the imbalance in exchange rates will continue with us during the coming year, and we are waiting for more stringent, serious, and courageous solutions to end this problem from its roots.”
The monetary reform is not a secret and the Venturi effect of the monetary reform is causing so much pressure with so little time left to accomplish what they need to accomplish. What do they need to accomplish? They need to help their citizens of Iraq, to add value to their currency...
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.
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.
Iraq has completed all of their banking competencies required by the CBI in Iraq to meet International Banking Standards. And tomorrow, they are expected to finish their banking reforms with their managers per a recent article.
Breitling
Question: "These articles that keeps coming out where starting January 1st commercial transaction will only be in dinar - How significant is that? To me it sounds significant. " Yeah, that's a big deal. It is. It's a super big deal because at a minimum it's the beginning of the end for them raising the value of their currency. It will be the beginning of it for sure.
Question: "Does Iraq need to RI by December 31st in order to open their 2024 budget?" No. I get that question every year. I don't know why. Who's putting that out there?
