Thursday, January 4, 2024
A Significant Increase In The Rate Of External Remittances To The Dollar At The Central Bank Of Iraq Auction, 4 JAN
A Significant Increase In The Rate Of External Remittances To The Dollar At The Central Bank Of Iraq Auction
Wednesday 03, January 2024 | Economical Number of readings: 390 Baghdad / NINA / External remittances increased at the Central Bank auction, today, Wednesday, by 91% at the expense of cash sales, to reach $188 million.
The Central Bank stated in a statement that, “During its auction today for buying and selling the US dollar, it sold 205 million, 298 thousand and 248 dollars, which the bank covered at a base exchange rate of 1,305 dinars, per dollar for documentary credits and international settlements for electronic cards, and at a price of 1,310 dinars per dollar for foreign transfers.” At a price of 1,310 dinars per dollar in cash form,
he added that most of the bank’s dollar sales went to strengthening balances abroad in the form of (transfers, credits), which amounted to 188 million 706 thousand and 693 dollars, an increase of 91%, compared to cash sales amounting to 16 million 592 thousand and 20 dollars.
He pointed out that the number of banks that purchased cash dollars reached 3 banks, while the number of banks that responded to requests to enhance balances abroad reached 18 banks, while the total number of exchange and brokerage companies participating in the auction was 34 companies./End 8 https://ninanews.com/Website/News/Details?key=1098954
"RV UPDATE" BY BRUCE, 4 JAN
Bruce
[via WiserNow]
I got a call that said the...US Treasury was going to send out an email to all banks and redemption centers ...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...
An Economic Center Proposes Changing The Mechanism For Delivering Dollars To Travelers At Iraqi Airports , 4 JAN
An Economic Center Proposes Changing The Mechanism For Delivering Dollars To Travelers At Iraqi Airports
Economy breaking center Proposal changing Dollar delivery mechanism Iraqi travelers
2024-01-03 Shafaq News/ Today, Thursday, the Iraqi Political and Economic Center presented a proposal to change the mechanism for delivering dollars to travelers at Iraqi airports, while recording several observations on the currently approved mechanisms.
The center’s director, Wissam Hadmal Al-Helu, said in a statement received by Shafaq News Agency,
“The mechanism for delivering the dollar to travelers has witnessed in the past months a lot of complexity and did not provide it to many of its beneficiaries for the purposes permitted by the Central Bank.”
He added, "The mechanism adopted links that open at limited times, which causes great pressure on it and deprives many people of the ability to enter and reserve to request dollars, as well as
banks specifying specific numbers that are allowed to purchase, and then closing the application according to what was reported by the complaints of many that reached the Iraqi Central Bank."
Al-Helu continued, "Accordingly, the Center proposes another mechanism that is simple and protected at the same time, and that it should be under the supervision of the Central Bank of Iraq and the competent authorities in Iraqi airports," explaining that
"the proposed mechanism includes enabling the traveler who meets the conditions to request what he needs from the 3,000 US dollars allocated to him."
The traveler brings an amount equivalent to the Iraqi dinar and delivers it immediately from inside the airport after stamping his passport upon departure and presenting the stamp, ticket, and board to the bank outlets located at the airports, whose employees are present 24 hours a day.
He pointed out that "this measure will facilitate the way travelers receive the dollar and ensure fair distribution and that the majority of travelers will not be forced to buy the dollar from the black market with a large difference from the official price, which constitutes pressure that represents one of the factors that contributed to raising the exchange rate months ago."
"RV UPDATE" BY MARKZ & MILITIAMAN, 4 JAN
MarkZ & Militia Man
Question: What happens if they just print new notes and the dinar we hold are not good anymore?
MarkZ: That will never be accepted in the international world. You would have to have a closed economy to do that…like N. Korea. You cannot do that to the international world though.
Militia Man: We can clearly see the people behind this – the WTO, The IMF, The world Bank…the BIS, the Federal Reserve bank…
The US, Canada, The UK…all kinds of countries hold dinar in their foreign reserves. Iraq cannot just say…”Sorry guys- we aren’t paying you” That is not going to happen. We are talking trillions.
Look at the US- The US embassy in Iraq is one of the biggest in the world. One of our presidents said we are going to get paid back for this. They are planning big things over the next few months and need an exchange rate to match. Sudani has been moving on steroids to get this done.
The Redemption Protocol: How Iraq Plans To Phase Out Three-Zero Notes Securely
The Redemption Protocol: Iraq’s Strategic Path Toward a Stronger Dinar 1. A Structural Shift, Not a Sudden Event The process led by the Ce...
-
🌍 Global Currency Reset: What’s Happening Now The so-called “RV Redemption” is reportedly entering a new phase, according to various sour...
-
A groundbreaking and irreversible shift is occurring in the global financial system as it rapidly transitions to a gold-backed structure. T...
-
Confirmed on Live TV – Announced Exchange Rate: $6.02! – Take Advantage!🔊 Highlights Summary Here are reports on the officially confirmed...