They're doing great. I can't wait for January to see what's next week to see what's gonna happen. I mean I can't wait, like the day get longer when you want to know, when you want to see what's happening there, the days got longer and longer. I wish to see what's the first step.
I don't believe in redemption center. I don't believe in that. I believe in banks and exchange offices. I don't believe in redemption centers.
I'm waiting for the first week of January to see what's happening. The 1st of January they will make a decision. They will make a lot of decision next.
The Government Media Team Issues A Warning To Holders Of Electronic Payment Cards
Posted On 12-29-2023 By Sotaliraq Today, Thursday, the government media team confirmed a trend to use the electronic payment process in all government institutions without exception at the beginning of next year 2024, while issuing a warning to holders of electronic payment cards.
Lt. Gen. spokesman Haider Majeed told the official agency, “Two days ago, the General Secretariat of the Council of Ministers issued circulars to official agencies, citizens, and employees who hold Qi, Master, and Visa cards (cards used in the electronic payment process), stressing the necessity and importance of being careful not to trade or use them.” Buy them from unknown and unreliable sites or stores, and also do not hand over these cards to unknown people or hand over their secret numbers in order to protect their money.”
Majeed added, “There is a government trend, early next year, 2024, towards using the electronic payment process in all government institutions without exception, in accordance with the decisions of the Council of Ministers issued and the directives of Prime Minister Muhammad Shiaa Al-Sudani.”
He stressed, “The main relevant authorities in the Ministry of Finance and the Central Bank, as well as banks, are working to urge citizens and institutions to automate the electronic payment process in coordination with officially approved electronic payment companies, so that it will be a new cultural phenomenon used for the first time in Iraq in years.” R.D LINK
...we had screen rates at the banks. We didn't get the rates at the redemption centers...but we did get the rates at the bank and of all of those currencies that are going up in value - Most of them are in a...Very nice range...Four and seven is where they're going to settle in. Now the dinar is much higher, and even on even on the bank screens, it's much higher and the Dong may be maybe higher.
...we did not get this before Christmas as was the desire. It just didn't happen. And it looks like we should be in a position to get this Any day now... once the Treasury gives the green light to start - then we're underway. That's pretty much where we stand right now.
Amiri calls for scheduling the removal of US forces from Iraq
Information / Baghdad...
The head of the Nabni Alliance, Hadi al-Amiri, on Thursday, called on the federal government to set a timetable for the removal of US forces from Iraq.
Amiri said at a conference held in Diyala province and continued by the "information", that "the Americans prevent Iraq even from repairing helicopters and there is no reason for the continued stay of their forces in the country," adding that "the defeated, terrified and agents are the only ones who say we need American forces."
He added that "the American aggression is still repeated, so we demand and the government to set a clear timetable for the exit of US forces until Iraq stabilizes and to preserve the blood of our sons, especially the brave sons of the resistance," stressing : "We will not allow the survival of these forces."
"The security services in their various formations are capable of preserving Iraq's security from all evil people, and the Popular Mobilization Forces are the guarantee of the unity, sovereignty and dignity of the country now and in the future," the head of the Nabna Alliance said.
[via PDK] ...bank story...I am going to leave out the name of the bank so they do not get harassed.: “I went to my nearest ____ bank in California on Mon 12-18 to talk about the possibility of opening an account with them. I told the account rep I had a lot of foreign currency and have been reading that ______ bank was one of the banks doing deals in Iraq and were going to be one of the participating banks when the RV (Re-valuation) happened.I asked if that was accurate? The account rep lowered his voice a bit, smiled at me and said “Yes, they are going to be one of the participating banks when it happens but I would need to have an account in order to redeem”
I asked him if I opened an account today would it help with the process, and would this branch be where I would be exchanging? He said “Yes and No” Yes I could bring in my currencies here…but they would have to send them to a branch in a different city to verify the currencies are legitimate. I asked if I could just drive to that branch and redeem it myself there and he said “Absolutely” and that way you do not have to let your currency out of your sight. So what I call a redeeming bank or redemption center- are locations like that one that are set up to verify and exchange it right there in front of you with trained personnel. RC’s are banking facilities specifically set up with specially trained staff to verify your currency in front of you so you do not have to let it out of your sight.
Well there is plenty of expectation for this weekend...things are highly possible by the first.
There seems to be a lot of fear about redemption centers. What I refer to as redemption centers are participating banking institutions. You can call them what you want. These are banking properties with banking personnel trained to handle foreign currency transaction and verify them on-site instead of sending them off somewhere...
Question: What does you gut say Mark? MarkZ: My gut feels it will be at the bridge of 2023 to the first of January.
Question: Is the dong still a go at $3-$3.50? MarkZ: I still put it at $2 -$2.25 ish. But I still hear from some folks it may be as high as $3+ range.