DINAR REVALUATION

Friday, February 9, 2024

Breaking News📢Iraqi Dinar New RV Update Today 2024 / Iraq Currency / Ira...

Resilience of Iraq's banking system: Economist's confidence amid US sanctions, 9 FEB

Resilience of Iraq's banking system: Economist's confidence amid US sanctions

Shafaq News/ Iraqi economists express confidence in the resilience of Iraq's banking system despite the sanctions that the US Treasury imposed on a group of banks in Iraq.

Mahmoud Dagher, an economic expert and former director-general of the Central Bank of Iraq (CBI), clarified that this measure was not a sanction, rather, it was a restriction, which adversely affected the banks, the people, and the import financing process.

However, Dagher emphasized in an interview with Shafaq News Agency, "despite the pressure and harm caused to these banks, the banking system will not collapse as a result of these sanctions and restrictions."

The US Treasury imposed the sanctions on 14 Iraqi banks in July 2023 as part of a campaign against Iran's dollar transactions. The sanctions were reportedly prompted by the banks' involvement in "suspicious" money transfers during the past year.

Deputy Prime Minister and Foreign Minister Fuad Hussein has appealed to the United States to reconsider the sanctions imposed on 21 Iraqi banks that contribute to financing essential food items for low-income families.

Furthermore, the CBI issued an official letter in February, indicating that 8 Iraqi banks were banned from participating in the foreign currency sale and purchase window.

Following the fall of Saddam Hussein's regime after the US invasion in 2003, Iraq's private banking sector has experienced significant growth, with over 70 private banks now operating in the country.

https://shafaq.com/en/Economy/Resilience-of-Iraq-s-banking-system-Economist-s-confidence-amid-US-sanctions

"RV UPDATE" BY TEXAS SNAKE, 9 FEB

TEXAS SNAKE

Folks please remain positive as the world economy cannot continue without a new influx of funds

Banker has remained on the West Coast due to his wife's health condition but assures me he is in contact with Reno and will advise me as soon as he get his notifications which should occur just before the emails and 800 numbers are posted. Says all remains positive.

While I do not plan on opening the room tonight having spoken now twice to the banker today he is indicating he should hear something tomorrow and the absolute earliest notifications might be released would be Tuesday however he is more leaning to later in this coming week based upon past history. Either way I will post immediately upon hearing. GOD Bless.

Just visited with Okie re what the banker just related he was hearing to me from those above him that sometime late tomorrow or early Wednesday his appointment/exchange techs would be on call to schedule appointments.

He hopes this time it is for real as do all of us waiting.........

https://dinarevaluation.blogspot.com/2024/02/texas-snake-notes-2-feb.html

Well hopefully will get my computer repaired in a few days and can at least share what little is being brought forward.

He hopes this time it is for real as do all of us waiting.....

February 8, 2024 BY NADER FROM MID EAST

"IMPORTANT IRAQ NEWS: SUDANESE TO IRANIAN OFFICIAL: WE DO NOT TOLERATE AT THE EXPENSE OF IRAQ’S SOVEREIGNTY" BY MNT GOAT, 9 FEB

SUDANESE TO IRANIAN OFFICIAL: WE DO NOT TOLERATE AT THE EXPENSE OF IRAQ’S SOVEREIGNTY

Prime Minister Mohammed Shia al-Sudani said on Monday that there is no courtesy with any party at the expense of Iraq’s sovereignty, reiterating his rejection of any unilateral actions by any country, while stressing the Iraqi government’s keenness to establish relations on the principle of good neighborliness.

The media office of the Sudanese said in a statement received by the Shafaq News Agency that “the latter received today, the Secretary-General of the Supreme National Security Council of Iran Ali Akbar Ahmadian,” and stressed during the meeting “Iraq’s rejection of any unilateral actions carried out by any country, contrary to international principles based on mutual respect for sovereignty.”

“Iraq has made, and continues to make, great efforts to maintain stability and achieve calm, in the common interest of the various peoples of the region,” al-Sudani said.

For his part, the Secretary-General of Iran’s Supreme National Security Council stressed “his country’s commitment to Iraq’s security and stability, and its keenness to continue working in accordance with the joint security agreement between Iraq and Iran in a way that preserves the security of the two neighboring countries.”

Last month, Iran’s Islamic Revolutionary Guard Corps (IRGC) launched a violent missile attack targeting civilian areas in Erbil, killing and wounding 10 civilians.

Federal Prime Minister Mohammed Shia al-Sudani ordered at the time the formation of an investigative committee consisting of five figures, headed by National Security Adviser Qassim al-Araji, to investigate the incident.

Al-Sudani also described the bombing as a “clear act of aggression” and stressed his government’s determination to take “legal and diplomatic measures”.

The Revolutionary Guards claimed responsibility for the strikes on Erbil, saying in a statement that they were “in response to the crimes of the Zionist regime against the Islamic Republic”.

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

"PERSONAL OHIO BANK STORY" BY FRANK26, 9 FEB

Frank26

[Personal Ohio Bank Story]

FRANK: I'm here to talk to you about your bank...I asked, Here at Chase do you folks exchange foreign currency?

He said no, we do not. I found it odd...something was very wrong...Second Question, If you don't exchange foreign currency why is Jamie Dimon the CEO in Iraq? ...

[He said] No he's not. My next statement almost started WW III...Sir, you are very ignorant. You're in charge of this bank and you're answering my questions incorrectly...

I said let me try that again, Does Chase convert foreign currency into American dollars?

No. J.P Morgan does.

..So Chase is a bank and JP Morgan are the investors of Chase Bank right ?

Yes...They will exchange your currency..

.He softened up a little bit. He asked, What do you have?

...The Iraqi dinar...

How much?

I made up a number. I have over 200 million dinars.

He said, you're not going to be exchanging your dinars here at Chase. We can't handle that. You have to go to a state bank...

Where should I take my dinars to have them look at them, inspect them and then deposit them correctly?

He said New York [or] Chicago...You come here to my Chase office in Toledo Ohio we'll zoom with Chicago.

You're going to come to me?

Yes...We'll make an appointment. The Brinks truck will come, a representative will come. They will verify it. They will have all the equipment they need...