The Dollar Continues To Submit To The Iraqi Dinar.. The Exchange Gap Is Shrinking And The Federal Government Is Defeated Again
Information/Private.. After the stifling crisis that embarrassed the government in light of the high numbers reached by the dollar exchange rates compared to the official price, some attribute the reasons for the recovery of the dinar to the success of the Central Bank’s procedures and its recent steps in providing the currency of some countries to finance the country’s foreign trade.
On the other hand, the decline of the dollar is due to the government’s ability to contain the Federal Reserve’s decisions that contributed to the rise in the exchange rate in the previous period, amid expectations that the decline will continue after the Central Bank translates the recent decisions and measures into reality.
*The results of the procedures
Speaking about this file, a member of the House of Representatives, Suhaila Al-Sultani, explained the reasons for the decline in the dollar exchange rates after months of rise, while she confirmed that the results of the successful measures and decisions taken by the government and the Central Bank began to be translated into reality.
Al-Sultani said in an interview with the Maalouma Agency, “The dollar exchange rates will witness a significant decline in local markets compared to the rise that parallel prices reached in the previous period,” noting that “the government’s continued taking the right steps in this file will reduce the gap between the official and parallel rates soon.” ".
He continues, "The campaign of arrests and prosecution of currency speculators had an effective role in keeping the Iraqi dinar from collapsing," adding that "the Central Bank's decisions work to match the parallel and official dollar exchange rates."
The member of the House of Representatives added: “Controlling the dollar file, in light of the major violations in this file, will not be instantaneous and will need a period of time in order to impose it on the local markets,” pointing out that “the results of the successful measures and decisions taken by the central bank government have begun to be translated on the ground.” reality".
* Trade financing:
For his part, the economic expert, Abdul Rahman Al-Mashhadani, confirms that the central bank’s agreements with some countries to finance foreign trade in the local currency contributed to the decline in the dollar exchange rates, suggesting that the exchange rates will reach 145 thousand compared to 100 US dollars.
Al-Mashhadani said, in an interview with the Maalouma Agency, that “the agreement with the banks of the Emirates, Turkey, India, and China to finance Iraq’s foreign trade is a step in the right direction,” noting that “proceeding with these measures will reduce the gap between the official and the parallel.”
He continues, "The measures taken by the government were practical, but the shock of the US Federal Reserve's punishment of banks prevented prices from falling in the previous period," pointing out that "the US sanctions were a painful blow to the local markets."
He added, "One of the factors why the dollar exchange rates did not decline in the previous period was the intervention of the external factor in the dollar issue," adding that "the central bank's agreements with some countries to finance trade in the local currency contributed to the decline in the dollar exchange rates."
The dollar exchange rates in local markets witnessed a significant decline after months of rise, which created severe economic repercussions for citizens, after the exchange rates at one time reached 169 thousand for every 100 dollars. Ended 25/day LINK
wciappetta:You have to wonder why all the fuss of containing the "market rate" bringing it in line with the CBI official rate? In the past the CBI has been able to maintain the 2% margin or at least close to it. I think the goal today is to achieve this standard again thus proving the ability of the CBI to effectively manage the Iraqi economy according to international standards before they move to the next step, or you would have to question why the extreme effort?
AML/CFT is being employed and this did create a strain on commerce as vendors became acquainted with the electronic system to process commerce and this did upset the balance in dollar access. The CBI employing its new strategy has created the expectation that the market rate for dollars is quickly falling in line with the official exchange rate.
This effort has been spearheaded by the CBI in conjunction with the Fed/US treasury by allowing other foreign currencies into the mix for trade [as was apparently done prior to 1990] in order to reduce dollar demand. I think the 2% target is desired. I think the US is requiring this target in order to move forward. My conclusion for better or worse is based on what the reports declare. In any case and IMO it won't be long to reach the goal.
Welcome everybody to the big call tonight, it is Tuesday January 2, 2024. I didn't think we were gonna get here. Didn't think we're gonna have a new call in our 13th year of the big call. And - but here we are. So, you know things come every day to me that surprised me a little bit - and that's one thing that is a surprise. Yes, I was told I wouldn't - that Thursday would be my last call – didn’t expected me to have to do a call tonight. I get I get it - but I've been told that probably five or six times now
So, I have to take that with a grain of salt and say let's just see what happens. We have to lift this manifest in our lives - let this come through. And I'll address that a little bit more in the Intel segments.
All right, so hang in there. Welcome and Happy New Year to everybody within the sound of my voice - big call universe, Happy New Year and hopefully everybody had a decent New Years and a decent Christmas - it wasn't as good as we thought it would be. That's for sure. But I hope you guys have the endurance in the faith with this and stay in the game. And, you know, hang in there with us because that's what we're gonna do we're gonna hang in there until this thing manifests
All right, guys, let's talk about it. I told you briefly that you know, things obviously change, sometimes from hour to hour - Sometimes day to day. We had the anticipation even on Thursday's call when I get an Intel call in the middle of Sue’s segment, which is what happened - and I took it and then adjusted my Intel to say we should be notified on either Monday, the first or today.
It was like Monday or Today, I think by noon, at least that's what I had by Saturday and Sunday, but neither one happened – so we kind of go what happened? What exactly transpired or what didn't transpire so that didn't happen? And the only thing we got, this was last night by 11 o'clock I got a call that said the Treasury, US Treasury was going to send out an email to all banks and redemption centers - all banks and redemption centers at 10am Eastern – this morning .
I have to assume that happened. However, we don't know what was in the email. We never got a report back from anybody that said what the email said. I would be guessing if I tried to tell you all I believe is that it probably dealt with the setting of our appointments and maybe the start of our exchanges.
Now, since 11’oclock last night, we've got little bits and pieces of things. We've had a little bit of clarification. There was some chatter out there. about the world court and maybe the language of the RV needed to be put into common law from the other type of law even under But we did find out today that anything regarding the language was all done by New Year's Eve. That part was handled.
That part was handled – that part is done - when we talk to people like the southeastern regional manager of Wells Fargo and certain other people they say everything is done. everything's done.
We don't know why it hasn't happened. And when you get that from your top banking sources, that you really haven't heard what that email was - it tends to make us believe - Yes, we're super close, but we still don't know exactly when it's gonna go.
So I think another - another piece of information I got was from a bond paymaster that has connections with Miami, Reno - Geneva - and he said, regarding the bondholders that they expect them to have access to liquidity tomorrow and or Thursday.
So tomorrow, and Thursday - And the same paymaster says he expected tier 4B to also be receiving their notifications in that same timeframe.
So - where I hate the idea of telling you guys probably tomorrow or next day - you know, I don't like saying that. but if that's what I'm getting from some of the higher more credible sources, then I have to go with it now and let you know that.
So it could very well be that instead of today – we get notified tomorrow and exchange on Thursday. I have to consider that a possibility. I don't think we're expecting to wait on other things to manifest.
Even though there are things happening politically there are things happening - I can't even tell you everything that is happening, things that are happening out there. And the other thing we did here was that we expect the announcement like NESARA and GESARA - our new USN currency gold backed, et cetera. Et cetera, all these little announcements that we're looking for. We're expecting them to happen on January 11 or before -- on the 11th of January or before.
Well, this is before and I think we will get some of those between now and the 11th. And possibly, we'll we'll do a grand finale of a major announcement on the 11th. But I and I've asked this question of my sources, and they're indicating that no, we don't have to wait until the 11th to go that everything is ready to go Now.
We just have to get the green light from Treasury to get started and get these numbers out to us.
So I wouldn't be surprised if they came out tomorrow. And I wouldn't be surprised if we just set appointments tomorrow and started Thursday. So you know, this is one of these where I don't have them telling me that exactly. But that seems to be the direction we're going in. We know every day that goes by which is one day closer and the fact we didn't get notified today and get our toll free numbers and set our appointments - It indicates that we're close - But are we waiting on anything else to happen?
That's the big question. That's what I'm not getting. The fact that we may have to wait on anything else to happen because several sources are telling me that everything is done.
Now one bank is not even involved in the zim, just involved in the other currencies, is suggesting Wednesday or Thursday for our exchanges. They may be right on the money Wednesday or Thursday. As soon as you guys all I can tell you is we didn't get it by the end of last year. We didn't get it before Christmas.
But I believe they want to get this done and out to us.
Trying to think what else relevant? Oh yeah, let's bring up Iraq. Now Iraq has already been doing exchanges at their new rate in the country of Iraq. They were told that on the first which was yesterday first of January, the US D or Fiat dollar is dead. It is no longer usable – it’s gone - they want them to completely transition to the new lower denominations of the Iraqi dinar and those are in the ATMs. They're in banks and in shops in Iraq. They're in the businesses and shops. They have a lower denomination center using them now.
The other thing that has not yet been released and this is where the ban - the ban on pulling out the Iraqi dinar rate internationally. We still seem to control that here from the States.
But we are hearing that that ban is supposed to come off tomorrow and which is great. That's Wednesday. Wednesday in Iraq.
So I think that's a really good sign. If that ban comes off and the dinar is rate is known internationally, and I think everything should be ready to go for us. We know that there are nine currencies. - Of all those currencies we talked about in the first basket there are nine that RE GOING UP in value.
And I can name them we know what they are OKAY - Most of you have some of you have more than others. They that is really good you know - I'll just run them down - obviously the Iraqi dinar - the Zimbabwe dollar – zim - The Indonesian rupiah - the Israeli shekels is one of them - the Afghani – obviously the Vietnam Dong of course - Venezuelan bolivar - there are probably forgetting one or two that are if I did seven or eight or nine total that are going up in value.
The rest of the currencies - take the whole rest of them, Half of them approximately will stay the same - other half will go down slightly in value. So that's where we are on that -
So they are changing and how they are doing things a little bit, but I think it's all gonna come down very well for us. We need to get the toll free numbers to Set our appointments - and then we'll be off to the races - really looking very close.
So if you can hang in there a little bit longer – I hope - I think all of you can if you choose to, We might be right there. Right next to where we’re about to start
Now, I would say – look at the intel - okay - I see what you're saying, maybe this thing is close - Okay, that’s good – great – maybe we’re going soon - ok great –
In the meantime – you stay with your plan A, your current job – you continue to work with that - you can know that this plan B might be a blessing when it comes in - it will come in
I don't think it's going to be too much longer. I really don't. Well let's wait to see what happens. That's sort of where we are. We need to do that. And stay in faith for it . Continue thinking positively about believing in this happening for us, because it will happen and there's probably a bunch of things I'm not mentioning that we've talked about this but I'm still excited by what happened by now but it hasn't so I wouldn't do stay with it and allow it to come in to us and allow us to be right to redeem our zim and exchange.So in the meantime do that say with your plan a continue to just be in faith for this
.So let's do this. Let's go ahead and pray the call out. Let's see what if something manifests to us tomorrow. We'll see what happens.
Well, God bless you guys. Have a great one. we'll see what happens in the next few days. Obviously, if we don't have numbers, by Thursday, we'll have a call. All right. God bless you guys have a wonderful night. Amen. And amen.
Well, God bless you guys. Have a great one. we'll see what happens in the next few days. Obviously, if we don't have numbers, by Thursday, we'll have a call. All right. God bless you guys have a wonderful night. Amen. And amen. Amen and Amen.
Today {01/02/23), Dee and I did get confirmed in a meeting with our CBI contact that the Iraqi Dinar is currently trading through electronic mechanisms.
As their currency expands into the International stage this year, they do expect to have a currency with a higher value as the year progresses.
This is a learning curve for them as well as other currencies around the world as many of them began the process of trading in their own currencies on an official level today.
We did schedule a meeting with our contact and other members of their IT Department for later this week or early next week.
SUDANESE: IRAQ IS GOING TO END THE PRESENCE OF THE INTERNATIONAL COALITION FORCES AND WE REJECT THE US ATTACKS ON OUR FORCES
Baghdad Today – Baghdad
Prime Minister Mohamed Shia Al-Sudani confirmed on Thursday (December 28, 2023) that Iraq is going to end the presence of the international coalition forces, while renewing his rejection of the US attacks on Iraq.
Al-Sudani said at a press conference with his Spanish counterpart Pedro Sanchez: “We welcome the visit of the Spanish Prime Minister to Iraq,” adding, “We held important dialogues and stressed the importance of the relationship between the two countries.”
He added that “there are promising opportunities to advance relations between the two countries in various fields,” pointing to “an agreement on an agenda within a year that establishes a strategic partnership in various fields between the two countries.”
The prime minister stressed the “intensification of mutual visits,” inviting “Spain to participate in the Baghdad conference.”
Today, Thursday (December 28, 2023), the office of Prime Minister Mohamed Shia Al-Sudani revealed the details of the visit of Spanish Prime Minister Pedro Sanchez to Baghdad.
The office said in a statement received by “Baghdad Today”, that “the Sudanese held this morning an official reception ceremony for Spanish Prime Minister Pedro Sanchez, who arrived in the capital Baghdad yesterday evening.”
The statement added that “the reception ceremonies, which took place at the Government Palace, witnessed the playing of the national anthems of Iraq and Spain, and the review of the honor guard, pointing out that the two presidents will hold a session of talks dealing With bilateral relations between the two countries, and coordinating positions on regional and international challenges and issues of common interest.
He added that “the two sides will hold an expanded meeting that will address aspects of cooperation and partnership in various fields, and ways to develop relations in investment and enhance economic opportunities to reach a constructive strategic partnership.”
However, the statement added that “the visit will witness an expanded meeting of Iraqi and Spanish businessmen and representatives of specialized companies, in the presence of the Prime Minister and his Spanish counterpart.”
Question: "Is the rate and the [lower] currency gonna come out together?" I think yes. This is why I think yes. First, because they cannot change an exchange rate with a big numbers [rate] and Second, they cannot change a [lower] currency with the small exchange rate...If you change, you've gotta change both. If you take the 3-zeros from the currency, you're gonna have to take the 3-zeros out of the exchange rate in the same time. That's what I think.
Happy New Year, best wishes and all that stuff...A lot of people are sending me messages going like do you see any changes? ...I don't know why you're asking me that. What you guys heard? Who told you anything? Some people wrote me tonight at midnight the currency will be launched. Some people said their new rate will come out tonight at midnight ...I didn't see anything like that. They didn't say they're going to change the rate tonight. They didn't say they're coming out with currency tonight... They'll never tell you they're coming out with it...I'm not expecting anything tonight...
