Friday, January 12, 2024
The Journey Of The Dollar In Iraq To The Latest Reports And The Corridors Of Banks Increases Citizen Anxiety, 12 JAN
The Journey Of The Dollar In Iraq To The Latest Reports And The Corridors Of Banks Increases Citizen Anxiety
January 12, 2024 Baghdad/Al-Masala Al-Hadath: The Iraqis expressed their deep concern about the turmoil in the US dollar exchange market, as the exchange rates witness continuous fluctuations around the clock, despite the attempts of the Central Bank of Iraq to control them and return to the approved official exchange rate of 132 thousand dinars for every 100 dollars.
Citizen Ali Al-Hassani said, “Exchange rate fluctuations have become a source of great concern for citizens, as they directly affect their purchasing power, especially in light of the continuous rise in the prices of goods and services.”
He added, “The government is required to take urgent measures to control the exchange rate and protect citizens from the consequences of turmoil in the financial markets.”
For his part, economic expert Yasser Al-Mutawali said, “The disturbances in the dollar exchange market are due to several reasons, most notably the continuation of the war in Ukraine, the rise in oil prices, and the decline in the value of the Iraqi dinar against the dollar.”
He added, "These factors directly affect the Iraqi economy, and lead to high inflation rates, and an increase in poverty and unemployment."
He pointed out that “the government is required to take effective economic measures to confront these challenges and protect the Iraqi economy from global turmoil.”
The economic expert stressed that “continued disturbances in the dollar exchange market will lead to destabilization of the country’s political and social stability, and will increase the already high rates of poverty, unemployment, and high prices.”
He called on the government to “take quick and urgent measures to control the exchange rate and protect citizens from the consequences of turmoil in the financial markets.”
On February 7, 2023, one hundred days after assuming the presidency of the government, Prime Minister Muhammad Shiaa Al-Sudani confirmed that “the currency window was a black spot in the banking system,” pointing to “the vote on the Central Bank’s request to adjust the exchange rate to 1,300 dinars for every one dollar.” .
The turmoil in the dollar exchange market is a worrying phenomenon that greatly affects the lives of Iraqi citizens. Constant fluctuations in prices make it difficult for citizens to determine the costs of their daily lives and plan their financial future.
Moreover, these disruptions severely undermine confidence in the financial system and pose a major challenge to the government's efforts to achieve economic stability.
The efforts of the Central Bank are evident in its attempts to address these fluctuations, as it seeks to return to the approved official exchange rate. However, it appears that these efforts still face major challenges, whether due to the effects of global economic conditions or internal challenges.
The state of instability in the dollar market is reflected in various aspects of Iraqi society’s life. Citizens live in a state of uncertainty about their financial future, and their concerns increase about the impact of these fluctuations on purchasing power and the extent of their impact on the standard of living. This concern is in addition to other economic and social challenges facing Iraqi society.
In light of this complex context, it appears that achieving stability in the dollar exchange market requires effective measures and international cooperation. This requires strengthening internal economic measures and adopting effective strategies to deal with international challenges.
The government must take the necessary measures to ensure market stability and reduce pressure on citizens, so that Iraq can achieve sustainable economic development and raise the standard of living for its citizens.
According to economists, the widening gap between the official and parallel rates of the dollar against the dinar weakens confidence in the local currency, reduces incentives to deposit money in Iraqi banks and prompts savers to exchange the dinar for the dollar, which leads to higher prices and a decrease in the real or purchasing value of the Iraqi currency.
On Tuesday, February 7, 2023, the Council of Ministers approved a decision to adjust the dollar exchange rate to 1,300 dinars. https://almasalah.com/archives/79126
"RV UPDATE" BY PIMPY, 12 JAN
Pimpy
What's attractive about coming over to Iraq to do business is the fact that the currency is so cheap, that labor... production...and product cost are all cheap as well. Why do you suppose Nike gets their shoes made in China? Because...they pay $5/month and then bring the shoes over here to America and sell them for several hundred dollars. Do you see the huge profit margin. That's the same thing with Iraq. The currency is so cheap the companies would rather do business in Iraq ...because of the cheap labor...When they increase the exchange rate it's more costly for labor, products and production...Do you think they want this low exchange rate? Yes. And...they want it much lower. They don't give a shit.
Article: "Al-Kazemi's Advisor: The project to delete zeros from the currency is subject to two conditions" From the currency. Not the exchange rate. It says the currency. The currency is the same thing as a bank note. The 25,000 dinar the 10,000 dinar that's what they're talking about. When you read this don't mix the two up and assume when they say currency, they're talking about the value. They're not. They're talking about the bank note.
What they are talking about is a redenomination...Redenomination itself is considered symbolic as it does not have any impact on a country's exchange rate. So deletion of the zeros, otherwise know as a redenomination doesn't have anything to do with the exchange rate...
BRUCE'S BIG CALL, 12 JAN
Transcribed By WiserNow
Welcome everybody to the big call tonight. It is Thursday, January 11th and you're listening to the big call. Thanks for tuning in. Hopefully the SAT team is actively connecting the call around the globe as we speak. And thank you, Sat team for that and thank you for everybody for tuning in and listening to the big call tonight.
This time you guys is really an interesting time for us. We are right in the hat/ the throes of the final days of this as I mentioned on Tuesday.
What we're finding now is that some of the sources that we've had have just clammed up – they’re under new NDAs they've got gag orders - you know, in some cases they're being listened to - so they're not really forthcoming with Intel. They really aren’t.
That's good and bad. The good side, the bad side, we don’t get as much intel as we'd like - to know exactly what's happening. The bad side. That's the bad.
The good side is. It shows that we're so close to this going because they don't want certain leaks to come out of certain portions of this exchange procedure and everything and they just want to have it quiet. That's a good sign. Believe it or not, it's a good sign.
Fortunately, I do have a little bit of new Intel for you. Right, I'll just gonna boil it down here in a few minutes to talk to you guys Tuesday about where we believe we are in this process.
We had a major let's just call it internet guru. I don't like that term, internet person - say that we were going to get this -meaning our notifications between Wednesday and Friday. That's tomorrow. Now I don't know that that's going to quite hold up.
And here's why. We did find out that the super whales and the whales, which would be in tier three these would be major huge bondholders - These guys have been finally completed and they expect to be notified over the weekend - that notification would give them the timing for their access to their funds.
Okay. The other thing is what we're hearing from a major paymaster with Wells and this is not just him, but other people are saying that they are working now for the next 24 to 48 hours. And I think that would be through Saturday. In other words, Friday and Saturday - They're working to get the intermediary groups paid.
And they have a whole plan for that. They could get it done in 24 hours. It could be 48 hours. So I'm gonna say it could extend out to and through Saturday.
The same individual is also saying that we should receive our notifications within the next four days. But that would take us from Friday, Saturday, Sunday, to Monday, Martin Luther King Day.
Now, if it go - remember that it could be within four days, not just four days away, but within the next four days starting tomorrow, Thursday, Friday. Saturday, Sunday and Monday.
Now, they may take this to the very end.
You guys know that Monday is a bank holiday and a federal holiday - Martin Luther King Day. Banks will be closed - we talked about redemption centers possibly being open when banks are closed. And that is possible. However, it's not likely to be the case.
So we have a four day period here let's say that we could get something to happen within it. But being that Monday, the 15th is a federal holiday. Maybe notifications come out within this time, but maybe we don't exchange until Tuesday.
I'm just bringing out the reality of it. I haven't been told that. But I think it's conceivable that we go all the way through Monday and don't have it yet. Or we could get it tomorrow or we can get it Saturday. Just stay open - There's something happening for us over the next four days.
bondholders should be receiving their notifications by email over the weekend. We could get our notifications over the weekend. It just depends on how closely they want to keep the shotgun start. Is it a true shotgun start where we all get notified at the same time? Is there a 12 to 14 hour period where, let's say tier three gets notified of their liquidity and then we don't for those 12 hours.
Yeah, that could be the case.
Jeanie mentioned something in her prayer request synopsis that talked about R&R – still planning to happen in the month of January and it should be - I said this before - it should come a week after we start exchanges – R&R to come out as restitution reclamation allowance a week after we start our exchanges. Okay, so that's going to take place in that timeframe.
The increasing social security. I don't know that anybody has seen it yet this month, but it's supposed to be this month. Let's just wait and see what happens on that.
Today was supposed to be the day that we had a NESARA announcement to come out. Don't believe that has taken place? If it did, it could be a soft announcement, like just GESARA was last week. A soft announcement was made about GESARA globally. Well, who was an aide to I don't know what made me, but I understand that took place. Fine. Good.
Now, SR has a lot of different components.
But we thought we might get one of those today, at least one start of a description of the announcements of NESARA today, to my knowledge, didn't happen.
So we'll see when that does happen. Political change? We'll see.
There’s quite a bit guys that needs to come out. That hasn't come out yet.
All I can tell you is there are there is a lot of cleanup and pickup throughout the world going on continually now.
They're doing really great with drew that But it's not over. So I'm gonna recommend everybody. plan on having a great weekend. Keep an eye on emails.
When this does come in and we get our toll free numbers we will post them on big call universe.com. And then we do get them. We'll also send out an email blast with people that registered on the call universe.com. They would like notified of numbers. We'll send that out and that will go out and of course when I get it, I will tell it I don't know that we'll get it before Tuesday or not, but we should but anyway, it'll be out one within 10 minutes of any of us getting it.
It'll probably make it on the blogs or make it online so people will see it. but just make sure it's the same thing that you see on big call universe.com or that you get in an email from us from our servers. but the Wells Fargo servers you know are supposed to click in, with the emails going out, out of Atlanta. And this should be coming in, and we should be getting those theoretically the latest is that four days.
We're looking to get -- started - Excuse me. Tuesday morning was that the Iraqi Dinar would be on the Forex Tuesday morning . I have not -- Tuesday, Wednesday, Tuesday or Wednesday morning. I have not been able to confirm that it is absolutely being traded on the Forex yet.
It may be holding it back from the US from us seeing it until we get to go ahead. The only way I can think of there. But the good news is that when things get super quiet that means we're super close.
All right. so that's what I'm gonna say tonight. Everybody I want everybody to have a great weekend. Enjoy Martin Luther King Day – Monday - Let's see what happens for us Over the next four days
All right, everybody. Have a great weekend. Let's go ahead and pray the call out
THE BIG CALL HIGHLIGHTS, 12 JAN
Thurs. 11 Jan. 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
- Sources are under NDAs and gag orders and are not forthcoming with Intel.
- An Intel person said we were going to get notification by Fri. 12 Jan.
- The Whales have completed and expect to be notified of when they get access to their funds over the weekend.
- A major paymaster said they were working over the next 48 hours to Sat. 13 Jan.to get a mediator paid.
- Tier4b should get notification to set appointments sometime between Friday 12 Jan. and Mon. 15 Jan.
- Monday 15 Jan. is a bank and federal holiday of Martin Luther King Day.
- R&R should happen in January and that will come out a week after the Tier4b start exchanges.
- Social Security increases should be in this month of January.
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