"ANALYSIS OF IRAQ NEWS: CBI CANCELING CURRENCY AUCTIONS" BY MNT GOAT, 23 FEB

 MNT GOAT

So, just today another article came out from the CBI telling us about yet more steps in the RV/Reinstatement process that are about to be implemented. The news could not get any better, aside from having the reinstatement itself. WOW! WOW! WOW! 

I want to fully explain all of it in detail to you and why I feel so excited today and what we should look forward to soon. In this recent article the CBI is telling us once again the plan to end the currency auctions which also means the U.S. Treasury electronic platform, installed last January 2023. Do you remember? So even though we have been hearing bad news about the inability of the CBI to control the parallel rate, something has changed for the better. Here is the quote from the article – 

“The Central Bank of Iraq is heading to cancel the electronic platform and the currency auction soon”.

 We all know that soon means many things to the Iraqis. Speedy Gonzales does not work in Iraq… lol.. lol.. lol.. But also remember that the CBI told us in another past article that March is targeted for this effort to occur. March is just a week away.

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

"BIG NEWS: CBI WILL CANCEL THE CURRENCY AUCTION SOON" BY MNT GOAT, 23 FEB

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

 

The dinar community wanted to know 02/22/24 BY PIMPY

Banks and the Iraqi Central Bank: We face challenges in electronic collection, 23 feb

 Banks and the Iraqi Central Bank: We face challenges in electronic collection

Shafaq News/ The Iraqi Private Banks Association, under the auspices of the Central Bank of Iraq, held a workshop on Thursday to enhance electronic government collection.

Director of the Operations and Settlements Department at the Central Bank, Zaid Hamid, told Shafaq News Agency, “Government collection is very important, and the decisions of the Council of Ministers and the direct follow-up of the Prime Minister will contribute to society’s shift from relying on cash to electronic dealing.”

He pointed out that “the Central Bank provided the infrastructure and systems necessary for the success of the electronic payment process,” explaining that “the percentage began to rise gradually through the spread of electronic culture in society.”

For his part, Deputy Executive Director of the Iraqi Private Banks Association, Ahmed Al-Hashemi, told Shafaq News Agency, “The workshop briefed all government institutions on how to activate the electronic collection project, the challenges that departments face in the transformation process, and finding quick solutions regarding this matter.”

He pointed out, “Initiating the issue of collection in a number of ministries and state departments, including the Interior, Oil, Passports, and Gas Stations, and this program can be implemented in all state institutions.”

Al-Hashemi continued, “The state departments are committed to the directives of Prime Minister Muhammad Shiaa Al-Sudani to activate electronic payment tools for government collection,” adding, “We have some challenges that we face in the process of transitioning to electronic payment.”

The Deputy Executive Director of the Iraqi Private Banks Association stressed, “Ensuring the implementation of the electronic collection program in a correct manner to preserve the state’s funds,” noting that “this project preserves funds.”

shafaq.com

"RV UPDATE" BY FRANK26, 23 FEB

  Frank26   

 The U.S. dollar is going down in value this week, which means your currency [Iraqi dinar] is going to go up in value.  The only way for that to happen is with a new exchange rate and the lower notes to match it.  IMO you're going to see the dollar go up before it is finally removed and irradiated one last time...

If you take one of the new [lower] Iraqi dinar notes and you hold it up to the light you'll be able to see the safety features.  The American dollar has about a dozen markers, the [new lower] Iraqi dinar has over 20 markers.  The state of the art technology of security for toilet paper value?  No, that alone is an important aspect for you to understand...

 When this blessing occurs, where do you go? Do you go to a bank?  Do you go to an American Bank?  

Should you go to Iraq and use an Iraqi bank?  Can I use the kiosk at an airport? 

 Can I use a credit union?  You want to use a large bank.  You want to use a bank that would help you with your wealth and management.  

Don't go to a mom and pop place...We have a bank of interest - [Chase Bank].  Many of you thought it was going to be Wells Fargo.  It's highly possible Wells Fargo will still play a part...We should consider Chase.  We should consider a big state bank...

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-frank26-19-feb_01931694139.html

  The high quality sample sheets [of new lower note dinar samples] are for the employees but eventually when the CBI is ready then they will invite the Iraqi citizens to come to the banks through their apps on their phones...flyers...billboards...television...commercials to come in.  'We would like to introduce you to the new lower notes that we would like to be giving you.'  They'll project these new 1, 5, 10, 20, 50, 100 on the Channel One Iraqi Financial News.

 The process for you to exchange your currency...when you decide it's time...you're going to go to  Chase. 

 You can go to other banks, nothing wrong with that...but I would suggest you go to Chase...What is the Chief Executive  Officer of Chase doing in Iraq right now?  Opening 10 Chase banks...I don't believe in coincidence...I encourage you to consider  Chase because they're going to be able to connect you with IMO one of the most powerful ways to diversify your money.  Yeah, JP  Morgan.

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-frank26-19-feb.html

Iraqi Dinar🔥RV Update Of Iraqi Dinar By Texas Snake Today 2024🔥iraqi din...

An economist warns of the Washington scenario.. What is the Federal Reserve’s relationship?, 23 FEB

 An economist warns of the Washington scenario.. What is the Federal Reserve’s relationship?

Information/Private..
Economist Nasser Al-Kinani warned today, Thursday, of a plan to seize Iraqi oil money from the US Federal Bank, while revealing details of a conspiracy against the Iraqi economy.

Al-Kanani said in an interview with the Maalouma Agency, “The sanctions imposed on Iraqi banks contributed to a liquidity crisis for the dollar in the local markets,” noting that “there are fears of stopping the export of money from selling oil to the country.”

He continued, “The Federal Reserve’s sanctions on Iraqi banks are intended to benefit the rest of the Arab banks that partner with Washington,” pointing out that “the dominance of the United States of America over the Iraqi economy still continues until now.”

Al-Kanani added, “The United States of America has issued sanctions against 26 banks so far,” considering that “the process of stopping these banks is unjustified and there are no reasons to take measures against them.”

He stated, “There is a conspiracy against the economy through the Arab banks that were opened in the previous period being linked to the US Treasury and not the Central Bank.”

A member of the House of Representatives, Thaer al-Jubouri, had accused, in an interview with the Maalouma Agency, “the United States of America of dominating Iraq’s funds through the Federal World Bank,” while he stressed that Washington is creating pretexts in order to control many files.

almaalomah.me