we did get information...that is pointing to this going very soon...So there’s a 4 letter word that we don’t use that often. ...from...main sources...we will be going in for exchanges before or by Friday morning...It looks very good...I think this could be a very interesting week, weekend into next week...
...redemption centers are ready. The rates have been coming up on the screens of banks and redemption centers...they are significantly higher at the redemption centers than the banks...And I think you guys will be more than pleased...
...we've heard from a couple of...sources that we should be there...with notifications by [Friday]...and maybe we do get started [Friday] or Saturday but we should go right through the weekend...I think that's great news for us...Even though we didn't get started [Thursday] like we had thought, like we had hoped...I was honestly surprised we were not going to get started [Wednesday]... So things are moving forward...I think it’s coming ...I think it's got to, you just have to say super patient like we’ve been...
Thurs. 1 Feb. Bruce
Today was termed National Freedom Day and from a special ops person so todayThurs. 1 Feb. through Wed. 7 Feb.we are supposed to have Nesara and Gesara. We will also see an increase in SS this month ofFebruary. Med Beds will be with us infive days.
Information/Private.. Member of the House of Representatives, Thaer al-Jubouri, confirmed today, Thursday, the support of members of the American forces present on the ground for yesterday’s bombing that targeted leaders of the security forces by providing information or monitoring movements, adding that the number of American forces present inside Iraqi territory exceeded 10,000 soldiers.
Al-Jubouri said, in an interview with the Maalouma Agency, that “the shift of drone bombing from military headquarters to residential areas in the heart of the capital, Baghdad, is an extremely dangerous matter,” noting that “talk about the presence of forces under the title of advisors or trainers is unrealistic.”
He continued, “The series of violations of sovereignty through continuous American bombing will not stop without removing American combat forces from the country,” adding that “Washington is trying to ignite the fuse of war and destabilize the situation through continuous bombing on Iraqi territory.”
Al-Jubouri concluded his speech: “There are many military sources that confirmed that there is no significant activity to train the Iraqi security forces, which do not need this matter in the first place,” stressing “the support of the members of the American forces present on the ground for yesterday’s bombing, which targeted leaders of the security forces by providing information or monitoring movements.
A close source had confirmed that there were two wheels that were rotating on the security forces near the American bombing site, informing them not to approach or interfere with the site of the strike that targeted a commander of the government security forces.
The United States of America continues to bomb residential areas in the heart of the capital, Baghdad, including yesterday’s bombing that targeted leaders of the security forces, which led to popular mass marches of condemnation, accompanied by rejectionist government and political statements.
Question: Does...the HCL...have to pass for the RV? MarkZ: I was told from day 1 that within hours of seeing the HCL pass…we would see a new rate…..so, I keep looking for it…but we don’t necessarily have to have it.
Comment: Still hearing they are showing the new lower denoms in Iraq at the banks. MarkZ: I had heard they are showing the specimen sheets at all the banks…and I am not the only one hearing that.
Article: “Central Bank of Iraq is facilitating transfers”
...this has to do with the electronic platforms...the claim that they made...by government officials that Iraq has the most modern system in the entire middle east. This is big...It means that government officials will not be able to embezzle etc…this system will be very transparent for the people. This is a key part before they usually revalue currencies.
The Iraqi Central Bank Cancels The Operation Of The Largest Iranian Bank In The Country
The Central Bank of Iraq has canceled the operating license of the largest Iranian bank in Iraq, the National Bank of Iran (Milli), due to international sanctions and the bank’s limited operations in Iraq, according to what Reuters reported on Thursday.
Reuters said that this decision was contained in a document of the Central Bank of Iraq dated January 31, 2024.
The document stated, “In light of the losses incurred by your branch in Iraq, its limited activities, its inability to implement or expand banking activities, and…its inclusion in international sanctions, it has been decided to cancel your license.”
In 2018, the US Treasury Department imposed sanctions on Bank Melli, claiming that the Iranian Revolutionary Guard is using it to “distribute funds to Iraqi Shiite armed groups, and that Bank Melli’s presence in Iraq is part of this scheme.”
Iraq, which has reserves of more than $100 billion in the United States, is counting heavily on Washington’s goodwill to ensure that its access to oil revenues and money is not blocked.
Iraq recently banned eight local commercial banks from conducting transactions in US dollars and took measures to reduce fraud, money laundering and other illegal uses of the US currency in a move welcomed by the US Treasury Department.
According to Iraqi and American officials, Iraq prevented 14 banks in July 2023 from conducting dollar transactions as part of a broader campaign aimed at reducing the smuggling of dollars into Iran through the Iraqi banking system after a request from Washington, according to Reuters.
AN INTERNATIONAL EXPERT SUGGESTS SEVERAL POINTS TO GET RID OF THE DOMINANCE OF THE “DOLLAR” OVER THE IRAQI ECONOMY
Former United Nations expert Majeed Al-Nashi proposed on Saturday several points to get rid of the dollar’s dominance over the Iraqi economy, stressing the necessity of not relying on oil as a primary source of revenue.
Al-Nashi said in a press statement received by Earth News, “The Parliamentary Finance Committee called on the government to take quick measures to get rid of the dominance of the dollar by diversifying our cash reserves to other foreign currencies.” I also proposed obliging the Ministry of Oil to sell Iraqi oil in other foreign currencies.
He added, “All economic and energy experts in Iraq are aware of the economic and monetary reality of Iraq, especially since all the Iraqi money that Iraq obtains is the proceeds of Iraq’s sale of oil, which constitutes more than 90% of Iraq’s budget, and this money has been mortgaged to the US Federal Reserve Bank in New York since 2003.”
According to the Security Council resolution during Bremer’s rule for Iraq, Resolution No. 1483 issued in 2003, which required the establishment of the Development Fund for Iraq (DFI), according to which all Iraqi funds are deposited in the US Federal Reserve Bank, and withdrawals are made from this fund according to conditions that Iraq agreed to at the time, in order to protect Iraqi funds from claims and consequences. Finance is arranged according to the previous system.”
He pointed out that “the recent initiatives that were launched, such as the Live on Dignity initiative and heading to international courts to settle cases related to Iraq’s right, in preparation for freedom from dependence on the United States to protect Iraqi oil funds from any seizure decisions that may affect them due to the actions of the previous regime and others, are considered a good thing.” In liberating Iraqi money from the dominance of the dollar.
He stated, “In order to implement what was stated in the Finance Committee’s statement, the matter requires practical solutions, including accelerating the withdrawal of Iraqi funds from the American Bank and ending this dominance, and agreeing with companies and countries importing Iraqi oil on a new payment systemdetermined by SOMO in accordance with the requirements of the Iraqi economy and in coordination with Central Bank of Iraq.
(OOPS… 😊 there it is again “importing oil on a new payment system” meaning away from the petro-dollar,)
He continued, “Economic and banking discussions should also begin with China and other countries, including opening accounts for Iraqi funds resulting from the export of oil in different currencies, and conducting most import operations, especially from China, in Chinese yuan, as well as using currencies of other countries such as the Emirati dirham, the Saudi riyal, and the Indian rupee in transactions, whether by selling oil or importing goods.”
He pointed out the necessity of “organizing and modernizing the Iraqi banking system to keep pace with developments in the field of completing transactions, using modern technology, and enhancing the strength of the Iraqi dinar by activating and supporting the private sector, not relying on ((oil)) as the primary source of foreign currency, and encouraging the export of Iraqi products.”
(So we see the heart of where the problem stems. How can Iraq pay for goods and service from imports with foreign currencies. Where is their reserves of these other currencies to use to pay for them? Where do they come from if 90% of the revenue generated is paid in US dollars. Do you see it now, the dilemma? So either they have to grow their economy to a huge point and generate all kinds of exports paid to Iraq in foreign currencies (this will take decades to do) or they can switch from the sole petro-dollars for oil to other foreign currencies for oil revenue. Do you think the US is going to let them do this?)