"RV UPDATE" BY CLARE, 2 JAN

 Clare 

 Article: "Expectations that the decline in dollar prices will bring benefits to the Iraqi individual "  Quote:  "In order to reduce the price of the dollar in the local market, the Central Bank of Iraq specified, yesterday, Sunday, the entities covered by receiving their external transfers in cash in the dollar currency, starting from January 2, 2024."

 Article:  "A financial expert points out the reasons for the continuous decline in the dollar exchange rate"   Quote:  "On Monday, financial expert Nabil Al-Ali attributed the continued decline in the exchange rate of the US dollar towards the Iraqi dinar to...the change in the attitudes of merchants and public opinion through their conviction of the strength and status of the dinar...The dollar exchange rates against the Iraqi dinar will continue to decline, thus touching the official rate specified by the Central Bank."

Article: "The Iraqi Dinar Overthrows The Dollar And Wins The Struggle To Control The Regular Market”  Quote  “The US Treasury continues its cooperation with the Central Bank of Iraq,as many Iraqi banks have now formed relationships with  international banks for the first time.”  

  Article:  " CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules "  Quote:  "For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html

  Article:  "CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules"  Quote:  "For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html

RV/RI Rollout Has Begun?💣IQD Only Is In Effect!?🤔Iraq Dinar RV Updates |...

A Slight Increase In Dollar Prices In Baghdad And Erbil By The New Year, 2 JAN

A Slight Increase In Dollar Prices In Baghdad And Erbil By The New Year

2024-01-01 Shafaq News/ The prices of the US dollar recorded a slight increase against the Iraqi dinar, today, Monday, in the markets of Baghdad and Erbil, the capital of the Kurdistan Region.

Shafaq News Agency correspondent said that dollar prices rose with the opening of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 152,250 Iraqi dinars against 100 dollars, while yesterday, Sunday, prices were 152,150 dinars against 100 dollars.

 Our correspondent indicated that the selling prices in the exchange shops in the local markets in Baghdad rose, as the selling price reached 153,250 dinars, while the purchasing price reached 151,250 dinars for every 100 dollars.

In Erbil, an increase was also recorded in banking shops, where the selling price reached 152,300 dinars against the dollar, and the purchase price reached 152,200 dinars against 100 dollars.  LINK

"RV UPDATE" BY MARKZ, 2 JAN

  MarkZ 

  [via PDK]   A lot of banking contacts are thinking we will see solid movement by the second…today on the first is a holiday and they are consolidating and moving things together…meaning possible announcements...There is a lot of fantastic chatter on what is going to. happen in the next 24 hours or so….

Comment:  I was in a Chase bank last week and noticed an entrance for private banking services. In the bank I noticed cubicles and training ongoing.   MarkZ:  Clearly they are preparing.

Question:  Do you still expect all currencies to go at the same time ?  MarkZ:   Yes…I still it expect it to all go at once. 

Everything still appears to be on track with a tremendous amount of anticipation for the next few days... There is a big push now to get the US military out of Iraq immediately. 

 “Iraq’s PM says government working to end presence of US led coalition forces in the country” Donald Trump once said that that when they reduced the numbers they would not completely leave the country until we have been paid for the war effort. So what does that tell us?  They are trying to get us out in “the next coming days” which means the RV needs to happen…as I understand it.  

This could be an indicator of how close we are.  Iraq is also indicating the problems with the parallel or black market selling the dollar would be done by the first.  Buckle up for this week…We may not make it by the first…but I believe it will be very close to it. 

Iraqi Dinar Breaking News, Iraq's Bold Move to De-Dollarize! CBI Officia...

A government advisor announces the entry into force of the 2024 budget , 2 JAN

  A government advisor announces the entry into force of the 2024 budget

1/1/2024

The economic and financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced today, Monday, that the 2024 budget has entered into force.

Saleh said {to Al-Furat News} that: “The federal general budget issued pursuant to Law No. 13 of 2023 is a tripartite budget, that is, it was enacted for three years, and therefore the entry into the new fiscal year 2024 has been automatic from today.”

He explained, "This is based on the adoption of the federal general budget for the year 2024, and the 12/1 exchange rule does not currently exist in accordance with the amended Financial Management Law No. 6 of 2019 until the beginning of the year 2026 if the financial situation at that time requires its application."

Saleh added, "This rule, i.e. disbursement 12/1, also depends on the timing of the 2026 budget legislation."

From: Raghad Dahham   LINK

"RV UPDATE" BY FRANK26, 2 JAN

 Frank26 

  Question: "Is there a chance de-dollariztion could be delayed...and they keep using the dollar?  No, no, no no no...You can't change the speed of light.  

 Question:  "What would be the punishment for using the dollar after the 1st?"  First time a big fine.  If you continue, a bigger fine and the third one, jail.

 Do we hold them or do we fold them? We have a lot to consider...  

  It's still at 1310...Right now.   Don't you understand [the dinar] is being put into a position to change the rate?  It's that simple.  It's not complicated.  It's that simple at this simple step...That's what you're seeing.  That's what you're witnessing. 

Question:  "Is Iraq going forward with only dinars as of January 1st?"  Yes and that is the key...the next 24 hours is a very important key to see if they use it to unlock the monetary reform....If the Iraqi citizens have absolutely no other currency but the dinar to use in their country...how are they going to do it with a 3-zero note that has almost no value to it?