Iqd BY NADER FROM MID EAST

QUESTION TO FRANK26 ABOUT THE "DAILY $5,000 INCREMENT AMOUNT" TOLD IN THE "BANK STORY" PHONE CALL , 21 DEC

 KTFA:

FCH1962:  Frank, so you said the other night on your Utube 'Bank Story' phone call that you knew about this daily $5000.00 increment amount, but never wanted to discuss it with us?  Even as you were telling the viewers that "You are Mr Clampet, and they're Mr. Drysdale".  What was the reason for that?    So, Capital Controls on people's money isn't a big deal to you!    Am I going to be 'Kicked Off' for this question?   I'd like to hear an explanation...   This is a sincere question!

HarleyQuinC3:  These employees are going by Chase’s current foreign exchange policy that’s in place for customers travelling to other countries.

When I travel overseas, I notify my bank of what currency I need. It takes a few days and they get up to $5,000 worth of pounds, for example, for when I go to England. They do it in $5,000 increments because there’s a special form that has to be filled out for transactions over $10,000.

When I come back and convert the leftover pounds back into dollars, it works the same way, if I pull out cash there’s a $5,000 limit. Digital deposit can be higher amounts (I’ve personally never done one for more than £15,000), but basically it’s just to control the amount of paper cash going in and out of the branch.

 Chase DOES charge a fee for this, anywhere from 1-5% depending on the amount, it’s usually right about 3%. This is their fee for offering the exchange service. 

With that said, and IMO, this kind of exchange post-RI, will be treated as a special case. You won’t be dealing with a teller at the desk. It will be a pre-arranged appointment and they’ll do all the FinCen forms there.

I believe that’s why the wealth manager in Virginia mentioned he was waiting for ‘instructions’ on how to do the RI exchanges. It’ll be a special event.

I have talked to my private banker, Jose, here in Texas. He told me they would charge a flat $350 fee and exchange all at once. It will be a pending transaction for a couple of business days, and there will be limits on what can be spent till the transaction resolves.

He told me he thought it would take about an hour and a half to do the whole process, because they’ll be opening several holding accounts, which take a bit of time. Again, that’s just IMO based on what Chase told me. 

Oh, and concerning the spread, Jose told me it WAS negotiable depending on how much money I left with Chase’s wealth management department. He said it might be waived entirely if I used their management services solely. In other words, it would be possible to negate the 3% (ish) spread if I left the money with Chase. Again IMO.

ToyVP:  MAYBE I CAN HELP SHED A LITTLE LIGHT ON THAT SUBJECT, FOR "CASHING OUT" THEY CAN ONLY DO SO MUCH AT A TIME FOR SEVERAL REASONS.........

1) THEY DON'T CARRY THAT MUCH CASH AT BANKS ANYMORE SO THEY HAVE TO PUT IN A REQUEST FOR TRANSFERS TO THEM SO THEY CAN ACCOMODATE IT.............

2) THE FEDERAL RESERVE HAS PUT A LIMIT ON HOW MUCH CASH CAN BE REMOVED FROM YOUR ACCOUNT PER DAY..........................

.BUT TO EXCHANGE AND DEPOSIT IT INTO YOUR ACCOUNT IS NO BIG DEAL THEY WILL BE ABLE TO DO THAT IN THE SAME DAY "IMO"   I HOPE THIS HELPS

Very important and a real move.” Revealing the outputs of the Baghdad and the region’s meeting on the ports, 22 DEC

 {Economic: Al-Furat News} The Ministry of Planning revealed a meeting to be held next month to approve the decisions of the joint committee between the federal government and the Kurdistan Regional Government on border crossings.

The ministry’s spokesman, Abdul Zahra Al-Hindawi, said in a press statement that “the high-level meeting that brought together the federal government and the Kurdistan Regional Government {last week} took about three hours, during which very important files related to customs policy at the national level as well as the management of border crossings were discussed.”
“The files were discussed with a deal, and all parties put forward their own perceptions and visions about the process of managing these important joints,” he said.
On the outputs of the meeting, Abdel Zahra pointed out that “there are decisions that were referred to a committee that emerged from the meeting, and there will be a subsequent meeting within a month, and the decisions that were agreed upon will be ready for signature and ratification and then sent to the Federal Council of Ministers for approval.”
He added that “the joint committee includes the Federal Minister of Interior, the Minister of Interior in the Kurdistan Region, the Border Crossings Authority and other personalities from the Kurdistan region and the federal government,” noting that the committee “will take into account everything that has been reached and crystallize it in the form of decisions and recommendations to be approved at next month’s meeting, and thus the results will be satisfactory to everyone.”
The planning spokesman described the finding as “very important, and will represent a real shift in solving many of the problems that have been surrounding the border crossings.”
On December 11, the Ministry of Planning announced the holding of a special meeting chaired by Minister Mohammed Tamim to “review the procedures for the unification of customs policy at the border crossings with the Kurdistan Region,” stressing that the two parties expressed their readiness to “continue joint work in order to address all the problems surrounding the reality of border crossings, customs policy and the pre-examination of imported goods and goods.”

https://alforatnews.iq/news/مهم-جداً-ونقلة-حقيقية-كشف-مخرجات-اجتماع-بغداد-والإقليم-بشأن-المنافذ

"RV UPDATE" BY KAPERONI, 22 DEC

 Kaperoni

   A country's exchange rate is the result of the success and growth of their own economy. When you have a weak economy, you have a weak exchange rate. Until Iraq passes laws, diversifies their economy and increases their GDP, nothing will happen with the dinar.  When Iraq passed their tripartite  3 year budget a few months back, it created the conditions for them to diversify and privatize their economy over the next three years.  Now Iraq is on the clock to accomplish such.

There's a new article out that many people are translating and confusing. They are not talking about an RV in Iraq, they are talking about the spread being in compliance early next year. 

 Just a reminder the spread is the difference between the official rate and the market rate or street rate and has been way out of whack recently in Iraq. This article simply means they expect the spread to come down closer to the official rate early next year. There is no RV.

    A very important statement was made back in 2020 by the prime minister's economic advisor Mohamed Salah who used to be Deputy Governor of the CBI under Shabibi. He stated that Iraq's entire wealth including all minerals in the ground amounts to only $16 trillion dollars. Knowing that information one can then determine that there is no way a significant RV could ever occur with over 90 trillion dinar in circulation.  It doesn't make sense...

 They...have to have the dinar stabilized within the country and within the 2% rule mandated by the IMF in order to then accept IMF article VIII and begin to float the dinar which would raise its value based on supply and demand.  All of these processes and or steps required time.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-kaperoni-10-dec_0650267841.html

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-kaperoni-18-dec.html

🔥Iraqi Dinar🔥Set to Go🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

"RV UPDATES" BY BRUCE, 21 DEC

 BRUCE

Now, we plan to go running into the banks to get cash after the first year, no I don't think so. We're going to get up to $3,000 at the redemption centers when we go in for our redemption of Zim and currency exchanges.

But they will possibly give us a mix of USD and USN notes a mix of mixture a combination of the old money and the new and the new money is going to be available as I said but the old US demons we have right now in our pockets or whatever will no longer be used after the 20th of February. 

So we get to the 20th of February to get rid of all that USD when you've got on your mattress or in cans out in the yard or wherever you stored in USD currency - spend it - deposit it - get rid of it by the 20th of February because just the new money will be gone combination of USD and USN at the redemption center  if we want some cash, don't get it if you don't want  any  of us getting more than that - if you're if you liked to have a little cash around gp ead and get some – up tp about 3,000 - now they want us to read more than 3000 bucks because they don't want us to get picked off – or hijacked - or whatever  -you know by having cash. Too much cash. 

You will have a debit card in your exchange a quantum card which you don't use for anything but moving funds from the quantum financial system accounts into your primary or secondary Wells account. 

That's your that's your wrap up. The USN has been traded globally for over two weeks now.

It's been traded it's out there okay. This is a digital format of the US in digital. 

Al-Rasheed notes for travelers who want to buy dollars for travel purposes, 21 DEC

 Al-Rasheed notes for travelers who want to buy dollars for travel purposes, 21 DEC

{Economy: Al-Furat News} Al-Rasheed Bank announced the opening of the platform for travelers wishing to buy the dollar at eight in the evening on Thursday.

A statement by the bank, a copy of which was received by {Euphrates News}, said that: “The new mechanism requires prior reservation of the traveler during access to the link in the bank’s official page to obtain the reservation, which enables it to visit the branch to deliver Iraqi cash and receive the dollar from the bank’s branch inside Baghdad International Airport.”

“This measure will make it easier for the citizen to buy the dollar smoothly,” he added, stressing “to enter the data in the fields correctly to make the seizure process successful.”

https://alforatnews.iq/news/الرشيد-ينوه%C2%A0للمسافرين-الراغبين-بشراء-الدولار-لاغراض-السفر