DINAR REVALUATION

Friday, February 23, 2024

CBI # sell, or the dollar to the real traveler BY NADER FROM MID EAST

Al-Alaq Denies To Al-Iqtisad News The Existence Of A Liquidity Crisis In The Iraqi Dinar, 23 FEB

Al-Alaq Denies To Al-Iqtisad News The Existence Of A Liquidity Crisis In The Iraqi Dinar

Money and business Economy News – Baghdad The Governor of the Central Bank of Iraq, Ali Al-Alaq, denied reports that there was a problem in providing the dinar.

Al-Alaq said in his speech to Al-Iqtisad News, on the sidelines of the workshop on enhancing electronic government collection, organized by the Iraqi Private Banks Association, today, Thursday, that “everything that is being raised about a problem in providing the Iraqi dinar, or a liquidity crisis, is not true.”

He added that the Central Bank did not stop for a single moment in responding to the Ministry of Finance’s liquidity requests. Views 131 02/22/2024 https://economy-news.net/content.php?id=40761

"ANALYSIS OF IRAQ NEWS" BY MILITIAMAN, 23 FEB

Militia Man

Article: "Al-Sudani makes comments on US sanctions: We will not abandon the private banking sector" The work Al-Sudani has done thus far is truly amazing... Previous governments were allowing the theft of massive amounts of money. That is no longer. This is likely why...the UN Assembly meetings were successful and with powerful statements about Iraq's future in "Restoring Confidence" (DAVOS) to the Global Financial system and with the largest banks in the world, i.e., J.P. Morgan Chase, CitiBank, etc..

The amount of construction and all those things that we've talked about are not going to be affordable at 1310.

They specifically did a tripartite budget which they haven't totally exposed yet...But notice the things they have done. They were in the UN assembly... Davos...Munich and they were doing deals behind closed doors with all these different countries of the world...Middle East, United States, Great Britain and on and on and on...

Are they going to be doing this to stay where they were before or are they going back to a previous era? 1169, 1182, 1460, 1310, they never went international with those rate...

Article: "Government advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally" Is this the major announcement or a lead into one, that Salih told us about? If it isn't an announcement it surely is a good lead into one...Awesome news indeed.. International ships arriving, partnering with the private sector, integration with the global economy, compliance with with international standards. Surely we can all see the writing on the wall.. Yep.. Powerful.. imo

One of the things that's important is what we didn't have in the past was banks talking to us at the length that they are now...

Article quote "...Iraq will return to being a strong economic player." If they're not a strong economic player at 1310 why would they be tomorrow? ...Iraq's not going to go international until they show us a Real Effective Exchange Rate. I'm looking forward to it. I think it's going to be powerful.

[Mr. IT Guy Bank Story]

My brother asked [JP Morgan Wealth Manager] whether he could bypass the US dollar and exchange straight from the IQD to gold and silver and the private banker said he didn't know but he would find out and call him back.

MILITIA MAN: My understanding is that is possible...I have been told some time ago by more than one source that if the currency is traded on the FX...an international acceptable foreign exchange currency...they'll take that currency in exchange for precious metals.

My wife and I...were looking for a Chase branch that had JP Morgan Wealth Management printed on the door as well as Chase...I'm in a large metropolitan area...We found one near us...My brother took it upon himself to call the branch yesterday. He specifically asked for a private banker...My brother asked him if they exchange foreign currencies and if he was aware of the Iraqi revalue of their currency.

The private banker said yes he was and that they would be exchanging at that location...and names and numbers he's taking will get priority over anybody else that calls or walks in after the revalue..

As soon as it hits Forex he's going to start making phone calls...He told my brother they were expecting a number of people to be coming in and were preparing for that, a bunch of new people with wealth is...exactly what he told my brother...They're planning on having police officers available at the location for those customs that are planning on leaving the establishment with large sums of cash...

MILITIA MAN: ...Is it a coincidence that this expert came out tonight and talked about deletion of the zeros? We're going to find out. It's pretty interesting stuff.

https://dinarevaluation.blogspot.com/2024/02/complete-mr-it-guy-bank-story-by.html

Iraqi Dinar🔥 Fianlly Exciting Arrival of New Currency Notes"Iraqi Dinar ...

Al-Sudani: 2025 Will Witness Stopping The Waste Of Billions After Being Satisfied With Oil Derivatives[/Size], 23 FEB

Al-Sudani: 2025 Will Witness Stopping The Waste Of Billions After Being Satisfied With Oil Derivatives[/Size]

Economy | 11:52 - 02/23/2024 Mawazine News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani set the year 2025 as the date to stop the import of petroleum derivatives, during his inauguration of the North Refinery in Baiji. Al- Sudani stated, in a speech during the opening ceremony, that “this achievement and the previous achievements are in order to complete the country’s needs.” Of oil derivatives, the most recent of which was the opening of the Karbala refinery and another in Basra.

He added, “This is today’s great achievement to achieve an important step on the way to declaring Iraq soon, God willing, after completing the rest of the projects no later than mid-2025, and God willing, the heroes will surprise us with a sooner date to announce the completion of Importing oil derivatives and transferring this huge amount of money, billions of dollars, to other aspects. This is the real reform.

He pointed out that "reform is not a single word, it is not just a word, but rather action, planning, and a goal, and this is what we are working on."

He continued, "The other side of this achievement was achieved through national effort as well. When we announced the start of the construction of this refinery, there were those who doubted this promise and said that the reasonable time limit ranged between 3-4 years, and we used to hear this from those who claimed specialization." https://www.mawazin.net/Details.aspx?jimare=242596

"RV UPDATE" BY MNT GOAT, 23 FEB

Mnt Goat

...when it does finally come out on the global exchanges, like FOREX, the rate in Iraq will coincide to whatever the rates are on the global currency exchanges that you want to exchange the dinar to. The banks will then use FOREX...Once on FOREX, there will be currency exchange rates in Iraq and elsewhere according to the country’s currency you are exchanging it in.

For instance, if you are in the United States you will exchange for USD. If you are in Germany you will exchange for Euros, etc.. etc... There are no other rates. The Iraqi program rate will be gone. That whole temporary currency system will be gone.

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

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://dinarevaluation.blogspot.com/2024/02/analisis-of-iraq-news-cbi-canceling.html