Saturday, December 23, 2023
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 23 DEC
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: Television special is saying we are seeking monetary sovereignty over the dollar.
FRANK: Can't get any more straight forward to the point than that can we. When they say the word Monetary they mean money...They want your currency to dominate...They have told you after January 1st you will not be using anything but your sovereign national currency. To me that sounds like a currency that has great pride in being announced to the world. A currency that is about to go up in value. It does not sound like the continued sanctioned, programed rate that has robbed you citizens of your future...
FIREFLY: Sudani has statement to us citizens to be on watch for change in the dinar pricing for goods in our market.Economic: For these reasons, dollar prices are gradually declining, 23 DEC
Economic: For these reasons, dollar prices are gradual declining
On Saturday, the economic expert, Safwan Qusay, suggested that control over the exchange rate would continue and that it would gradually decline, attributing this to the fact that Iran and the sanctioned countries now have common financial systems that reduce the demand for the dollar from the Iraqi market or other markets.
Qusay told “ Jarida ”, “The policy of diversifying currencies at the level of Iraqi banks and the desire of merchants to obtain goods immediately away from the electronic platform by dealing in the Emirati dirham, the Turkish lira, the Indian rupee and other currencies, which can reduce the waiting period for these merchants.” Thus, part of the demand that was fed through the parallel market, especially for small merchants, withdraws into the banking system, and thus the demand for the dollar in the informal market gradually decreases.”
Qusay expressed his hope that “the Central Bank’s measures will succeed in finding an appropriate mechanism to deal with imports from the sanctioned countries, through the joint account window with Oman or Qatar, to feed the private sector, especially the Iranian one, with a portion of the funds supervised by the US Federal Reserve, so that the dollar will decline in the informal market.”
It is clear, according to Qusay, that “Iran has gradually found alternatives to the local market. It is dealing with Russia directly and with China, and part of the reason for the gradual decline, which may be below 1,500 during the coming period, is that the Iranians and the sanctioned countries have joint financial systems that reduce… “Demand for the dollar from the Iraqi market or other markets.”
He explained, “The volume of trade exchange with the Iranian side for the year 2023 decreased to 6 billion, while it had reached 10 billion dollars annually or more. This indicates that Iranian merchants have begun to deal with other countries such as China, India, and Russia, and thus the demand for those who trade has decreased.” By exporting goods and recovering their money from the informal market.”
At the conclusion of his speech, Qusay suggested that “control of the exchange rate will continue and it will gradually decline until it returns to the regular price, even after a while.”
jaredaiq.net
Weekend News with MarkZ. 12/23/2023
"Q & A" FROM LATEST NEWSLETTER OF MNT GOAT, 23 DEC
Q & A
Question from Gavin: Did your CBI contact have anything to say about the Frank26 video? Do you know the agency that supposedly put it out and if it is legitimate? Thank you – Gavin
Mnt Goat Answer: Yes, I did bring that up in one of my last conversations with my contact and I was told it was produced by the committee and was one of the first videos in a series they planned to roll out. So they already began the education process and have yet more commercial like videos even detailing the process of the swap-out of the currency and what the newer lower notes will look like. However, for now the project to delete the zeros was suddenly put on hold and that is where it now stands.
Question from Diane: GM, MG! And Merry Christmas! One question. If EU countries will be swapping currencies with IRAQ, I assume it won’t be at a value of 1/6 of a penny, is there a way that we could in the U.S., go to one of those EU countries, exchange our dinar for their currency, open a bank account in that country, then either wire funds to our U.S. bank accounts or use a debit card from that EU bank? There must be away around the FOREX and U.S. Treasury. IF Iraq has found a way, we should be able to as well.
Mnt Goat Answer: Frohe Weihnachten to you too Diane. Thanks for the comments and question. Any EURO coming into Iraq is coming in as an exchange of IQD 1320 to whatever equivalent that would be in EUORS. Please be patient as you will be able to exchange the Iraqi dinar you hold in time. You don’t have to come up with elaborate schemes. Please read my conversation with my CBI contact from 12/16.
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/African OPEC Members Reaffirm Unity: Nigeria, Iraq, Congo Pledge Allegiance Amid Angola’s Exit, 23 DEC
African OPEC Members Reaffirm Unity: Nigeria, Iraq, Congo Pledge Allegiance Amid Angola’s Exit
In a decisive stance following Angola’s exit from the Organization of the Petroleum Exporting Countries (OPEC), key African member nations have stepped forward to solidify their allegiance to the oil-producing consortium. Iraq, Nigeria, and the Republic of Congo, representing a significant share of the continent’s oil output, have each vocalized a robust commitment to OPEC’s collective mission. This chorus of support underscores the strategic role the organization plays in maintaining equilibrium within the global oil markets.
Unity in the Face of Change
Amidst the backdrop of Angola’s departure, it is the Republic of Congo that has emerged with a clarion call for solidarity. The nation’s Minister of Hydrocarbons, Bruno Jean-Richard Itoua, articulated the necessity for unity and cohesion among member states. The sentiment is echoed by Nigeria, Africa’s largest oil producer, which has been the subject of a contentious production quota reduction for the year 2024.
Nigeria’s Unwavering Commitment
Nigeria’s Minister of State for Petroleum, Senator Heineken Lokpobiri, has been at the forefront of the country’s response, declaring an unwavering commitment to OPEC. Despite a production cut bringing Nigeria’s output down to 1.38 million barrels per day (bpd), Lokpobiri’s resolve remains firm. His pledge to facilitate stability and sustainability in the oil market is a testament to Nigeria’s dedication to OPEC’s overarching goals.
Nigeria aims to surpass its OPEC production target by 2024, setting an ambitious objective of at least 1.8 million bpd. This target not only reflects Nigeria’s aspirations within OPEC but also its intent to engage constructively in ongoing dialogues, addressing national concerns while aligning with the group’s objectives.
Addressing Production Quotas and Market Stability
The issue of production quotas has been a sticking point, particularly with Angola’s cited reasons for exiting the organization—low investment and underperformance in production capacity. Nigeria, in contrast, is taking proactive measures to avoid similar pitfalls. By aiming for a production quota that exceeds the allocated 1.5 million bpd for 2024, Nigeria is positioning itself as a contributory force in the collective pursuit of market stability.
As the dynamics of the energy market evolve, Nigeria’s Junior Petroleum Minister has emphasized the country’s staunch dedication to OPEC’s initiatives. The commitment to maintaining, and indeed increasing, production levels is a clear indication of Nigeria’s strategic approach to its role within OPEC, as well as the broader global energy sector.
MAJEED: IRAQI DINAR WILL BE ACTIVE ON FOREX ON 7 JAN, 7 JAN
MAJEED BOOOOOOOOOOOOOOOOOOOOOM Tue 7th “The Authority emphasizes its efforts to regulate the market , enhance transparency, and foster...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...