Evening News with MarkZ, joined by Dr. Scott Young. 01/04/2024

FRANK26…..1-4-24……LET’S BANK ON IT

Jan. 3rd Recorded Program BY DAVE SCHMIDT

Indefinite Closure of Baghdad’s Green Zone: Implications and Underlying Causes, 4 JAN

 Indefinite Closure of Baghdad’s Green Zone: Implications and Underlying Causes

The Green Zone, a pivotal nerve center in Iraq’s capital city of Baghdad, hosting foreign embassies and Iraqi government buildings, has been indefinitely cordoned off from the public. This unprecedented move, shrouded in ambiguity, is significant as it not only disrupts the operations of diplomatic missions and the government but also hampers the routine life of local residents who frequent the area.

Historical Significance of the Green Zone

Historically, the Green Zone has been a hotbed of attacks, compelling the authorities to adopt escalated security measures. It is a space where diplomatic dialogues are fostered, and governmental policies are shaped, making it a crucial hub for both international and national activities. Its closure, thus, casts a long shadow on the smooth functioning of these essential tasks.

Probable Undercurrents behind the Closure

The reasons for the closure remain undisclosed, but such drastic measures are typically symptomatic of looming security threats or the anticipation of potential unrest. The indefinite nature of the closure implies that the authorities are dealing with a situation of uncertain duration, likely spurred by intelligence reports, persisting threats, or recent regional events.

Implications on the Ground

Though designed as a protective gesture, the closure of the Green Zone impacts the common man’s life in the area, who is accustomed to accessing the zone. It also throws a wrench into the machinery of embassies and government operations housed within the Zone. The closure sets a ripple effect in motion, the end of which is as uncertain as the timeline of the closure itself.

https://bnnbreaking.com/world/iraq/indefinite-closure-of-baghdads-green-zone-implications-and-underlying-causes/

"RV UPDATE" BY FRANK26, 4 JAN

  Frank26 

 Question:  "The war is likely escalating in the Middle East.  When Iran gets involved will this negatively affect the rate? the float?"  IMO the war is affecting more the relationships between counties in the Middle East...As far as it affecting the monetary reform of the Iraqi dinar that's in a sealed envelope...figuratively speaking.  It has nothing to do with the war.  Once that envelope is opened, it would definitely/probably have some cause and effect on the float, in the basket.  Because what countries are in those baskets?  Yeah, the ones that might be affected but I don't think it'd be affected in a negative way.  War has a tendency to (snap) speed things up.

  2023 was the year of preparation for the monetary reform to be revealed.  We are now in that position. We are now in the position that the monetary reform is being revealed to the citizens of Iraq.  One of the things that is happening, and I pray that it happens faster, is the value of the Iraqi dinar is going up every day causing the dollar to go down...down...down... Once they reach a certain plateau that they're looking for then they're going to float the currency.  That's why they've educated the citizens of Iraq about the float...

Iraqi Dinar update for 01/03/24 - Didn't they promise exchange rate woul...BY PIMPY

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