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Parliamentary Economy: Banned banks constitute 50% of private banks in Iraq, 15 FEB

 Parliamentary Economy: Banned banks constitute 50% of private banks in Iraq

Shafaq News/ The Parliamentary Economy, Industry and Trade Committee and the Iraqi Banks Association said on Wednesday that banks banned by the US Treasury constitute 50% of private banks in Iraq.

This came during the hosting of the committee headed by Representative Ahmed Salim Al-Kanani and in the presence of its members, the Iraqi Banks Association, and directors of private banks, according to a statement issued by the committee.

shafaq.com

"RV UPDATE" BY FRANK26, 15 FEB

   Frank26  

They're going to reinstate it to $3.22 but that was 20 years ago.  You think that's fair?  

No.   Especially for the citizens of Iraq.  Why do you think they've kept it at 1310.   You wanted 1,200 or 1,000 right? ... If I was the  CBI I would have locked that 1310 in place because I would much rather come out at $1.30 or something in that range than just  $1.00, it's been 20 years.

New notes, not the 3 zero notes, the new notes - 1, 5, 10, 20, 50 and 100, IMO soon the banks of Iraq will have what I call specimens sheets.  The thing about these specimen or sample sheets, whatever you want to call them, are high quality samples.  Once the banks explain it to their employees then it's time to show the Iraqi citizens. Not the high quality samples that belong to the banks, but pictures of the...notes and coins.  IMO Iraq Channel One will soon be showing the citizens of Iraq the new lower notes...

🔥 Iraqi Dinar 🔥 Rate Will Be $2.80 or $3.50 🔥 News Guru Intel Update IQD...

An economist warns of the US Treasury’s policy with Iraq, 15 FEB

An economist warns of the US Treasury’s policy with Iraq

Information/Baghdad…
Today, Wednesday, the economic expert, Nabil Jabbar Al-Ali, warned of the policy of the US Treasury Department and the measures it took against Iraqi private banks.

Al-Ali told Al-Maalouma, “Depriving Iraqi private banks from dealing in dollars will affect the commercial movement represented by import and export through a decrease in foreign transfers granted by the Central Bank.”

He added, “Any sanctions from the US Treasury on Iraqi private banks will affect the exchange rate of the dollar against the dinar.”

Al-Ali pointed to “continuous American controls and pressure on private private banks inside Iraq.”

At the beginning of this month, the Central Bank announced a new list of banks that will be prohibited from dealing in dollars, as the list included the names of eight banks that were not previously on the list.

While the Economy, Industry and Trade Committee intends to hold a meeting with representatives of the Iraqi Private Banks Association and the banks that were included in the US sanctions list.

almaalomah.me

"RV UPDATE" BY MARKZ, 15 FEB

  MarkZ 

  [via PDK]

   Once again I am going to report we are being leaned on to not talk about redemption stuff...Especially from banks who we expect to handle transactions and redemptions...They said they really need everyone to stay quiet right now.  There is a whole lot I would like to say but right now it would be ill-advised. Just know that I am very happy and content about timing…and yes I think it is soon. 

  We got another bank story overnight from a wealth manager who is reaching out to clients saying “It is time- get everything prepared”  He means to get currency together and make certain they have ID’s updated if needed.  He says they are at “Any moment now”. 

 To me this is really encouraging as a lot of these stories are from bank personnel who used to say…”It’s a scam-don’t do it” when asked about buy foreign currency. Now they are telling me “you were right all along and get prepared”...we will not know the exact timing or the “when” until it actually happens. But they are now openly preparing many of their clients. We are hearing more and more repeat stories about this.  But being leaned on hard to not share details right now.

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