DINAR REVALUATION

Monday, February 5, 2024

Iraqi dinar News | Central Bank Iraq Takes Action 8 Private Banks Barred...

"ANALYSIS OF IRAQ NEWS: IN NEED OF BOLD SOLUTIONS.. THE DOLLAR CRISIS IS MORE COMPLEX THAN THE CENTRAL BANK’S PROCEDURES – URGENT" BY MNT GOAT, 5 FEB

IN NEED OF BOLD SOLUTIONS.. THE DOLLAR CRISIS IS MORE COMPLEX THAN THE CENTRAL BANK’S PROCEDURES – URGENT

An economist and academic at Cihan University, Nawar Al-Saadi, confirmed today, Thursday (February 1, 2024), that the dollar crisis has become a “chronic problem” that requires “bold” solutions from the government and not just the Central Bank’s measures alone.

Al-Saadi said in an interview with “Baghdad Today” that, “For two decades, Iraq has been suffering from cumulative problems, especially in the issue of trade with successive countries from the United States.”

Al-Saadi added, “Trade with Iran and Syria is covered by monetary demand, and Iraq needs $30 million to cover trade with Iran only. If the dollar exceeds the barrier of 200 thousand dinars, trade with Iran will remain profitable.”

He pointed out that “without controlling the border crossings and imposing fines on merchants, the government will not be able to limit the daily dollar bleeding,” indicating that “for this reason, the dollar will be purchased by the parallel market for the purpose of covering trade with Iran.”

For several months, the country has witnessed a rise in the dollar exchange rates, exceeding 150 thousand dinars for every 100 dollars, while the government and the central bank are trying to control the exchange rate approved by them in the parallel market by pursuing speculators on the one hand and taking a number of measures on the other hand.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

"RV UPDATE" BY GOLDILOCKS, 5 FEB

GOLDILOCKS

The IMF currently has a Working Paper. A Working Paper is preliminary research that enables a new project, or in this case, a new digital asset based trading system to have a working model to test its theories.

We already know the new digital asset based trading system is being tested and the payment networks through the use of stablecoins are already in pilot programs.

These pilot programs allow the QFS to be viewed to see how they're working model is going to operate Globally. This is where regulations come into play allowing us to formulate a final paper called a White Paper.

A White Paper allows us to take research material into pilot phase programs whereby recommendations and implementation processes are given direction to proceed.

We are in process of moving to White Papers that will allow us to move forward with technological interfaces that will be used in the digital asset-based trading system.

During Protocol 20 activation from the vote that is about to take place on February the 20th, 2024, we will begin to see these Quantum Technological Networks begin to interface with one another Globally.

From the Stellar Protocols, we have learned that it will take weeks and not months to finish or populate within the QFS. When we see the White Papers being presented from the IMF, we will be well on our way to integrating our new Financial System into Global networks.

90% of the Fortune 500 companies are expected to be digitized by the end of this year. This is and always has been a process, but we are inside the final steps that will allow us to soon integrate many of the Quantum Technologies into actual practice.

To kickstart these new Technological Systems, we will need a payment system to pay for their existence. These new digital payment systems are currently being tested and regulated for final White Paper distribution from the IMF and the World Bank.

These announcements from the IMF and the World Bank will provide us with a Bretton Woods III announcement we have been looking for to start the new Digital Economy.

https://www.imf.org/en/

International Bank for Reconstruction and Development

https://www.worldbank.org/en/who-we-are/ibrd

It is the Bretton Woods 3 Announcement that will call the RV.

Iraqi Dinar Pay OFF Big Time News Update Dinar IQD Iraqi Dinar Revalue 1...

For the second week in a row… Iraq surpasses Saudi Arabia in its oil exports to America, 5 FEB

For the second week in a row… Iraq surpasses Saudi Arabia in its oil exports to America

On Sunday, the US Energy and Information Administration declared that although Iraq’s oil shipments to the US had dropped over the previous week, they were still more than Saudi Arabia’s for the second consecutive week.

“The US imports of crude oil during the past week from eight major countries amounted to 4.940 million barrels per day, an increase of 450 thousand barrels per day compared to the previous week, which amounted to 4.490 million barrels per day,” the administration stated in a table obtained by

“Iraq’s oil shipments to America last week amounted to 205 thousand barrels per day, down from the previous week, which reached an average of 206 thousand barrels per day,” the speaker continued.

She emphasized that “Canada supplied an average of 3.573 million barrels of oil per day, accounting for the majority of America’s oil revenue during the past week.”

Nigeria came in second with an average of 190 thousand barrels per day, followed by Mexico with an average of 427 thousand barrels per day, and Brazil with an average of 213 thousand barrels per day in oil income.

“The amount of crude oil that the United States imports from Saudi Arabia is 150,000 barrels per day, from Ecuador it is 103,000 barrels per day, and from Colombia it is 79,000 barrels per day,” the administration stated.

However, neither Russia nor Libya supplied any significant amounts to the United States.

"ANALYSIS OF IRAQ NEWS:CENTRAL BANK GOVERNOR: WE PREVENTED BANKS AND COMPANIES FROM OBTAINING THE DOLLAR… AND WORK ON THE ELECTRONIC PLATFORM WILL END DURING THE CURRENT YEAR" BY MNT GOAT, 5 FEB

CENTRAL BANK GOVERNOR: WE PREVENTED BANKS AND COMPANIES FROM OBTAINING THE DOLLAR… AND WORK ON THE ELECTRONIC PLATFORM WILL END DURING THE CURRENT YEAR

The Governor of the Central Bank, Ali Al-Alaq, confirmed: “The bank prevented a number of banks and companies from obtaining the dollar for not adhering to the requirements,” indicating: “The electronic platform will end its operation during the current year.”

Al-Alaq said in an interview with the official agency: “The banks against which decisions are issued are only prevented from obtaining the dollar and can carry out their normal activities,” noting that: “Banks can correct their conditions and obligations required to enter into their foreign transactions.”

He added: “The Central Bank has reached the final stages of regulating external transfers to banks, and the bank has continuous reviews, and banks that apply the standards are allowed to obtain the dollar.”

Al-Alaq continued: “The US Treasury praised the Central Bank’s provisions for banks, which included conditions and standards for external transfers and opening accounts with internationally accredited foreign banks,” denying the issuance of decisions by the US Treasury to punish a number of Iraqi banks with the exception of Al-Huda Bank and the Chairman of its Board of Directors.