Wed. 28 Feb. Wolverine: “On Thurs. 29 Feb. Iraq officially joined BRICS which means they must be asset backed. The Iraqi people are queuing up at the banks and waiting for the RV. All my sources are locked up with NDA right now and most Whales are under NDA.
Mon. 26 Feb. Hernán Robert Hbravo: “Baghdad Communication reported a possible Dinar revaluation on Thurs. 29 Feb. or Fri. 1 March.”
Judy Note: A High Up Contact and other valid sources have indicated that the Cabal capitulated on Thurs. 22 Feb, followed by Trump releasing the final phase of The Plan (mass arrests?), which was now in motion. If things went as expected we may have a three day celebration beginning around Fri. 1 March. RV rates have been agreed upon with a goal for the RV to happen by Fri. 1 March. It was now my personal opinion that Tier4b (Us, the Internet Group) would receive notification for our redemption and exchange appointments sometime between Fri. 1 March – Mon. 4 March and begin appointments during the Ten Days of Darkness/ Exposure – which appeared slated to occur around Sun. 3March through Wed. 13 March 2024.”
On Sat. 23 Feb. 2024 the World Trade Organization announced that Iraq had completed all requirements to be accepted as a member of the WTO including setting their new Iraqi Dinar International exchange rate. Iraqi PM Al Suddani has stated that the RV was done.
Wed. 28 Feb. Central Bank of Iraq announced that the new Dinar Rate was $3.47.
On Fri. 1 March 2024 Iraq will join other BRICS nations for the Global Currency Reset – exactly one year (March 2023) after the new Quantum Financial System went live on the Star Link Satellite Network.
All personal bank accounts have been mirrored onto the new Star Link Satellite System. People will need to go to a Redemption Center to set themselves up with their new bank accounts of gold/asset-backed currency that are free of the Cabal’s fiat currency Central Banking System.
Some banks have converted into being service agencies that can’t access monies in your personal account.
After the Cabal’s Central Banks do their Great Reset in a few months, they plan to function on money accounts of people who have set themselves up for non-asset-backed digital currency – mainly in Bitcoin which is set to completely implode because there is no backing for the digital currency.
The Central Bank Sends A Warning To Exchange Companies
Economy News – Baghdad The Central Bank issued a warning to exchange companies about some people impersonating people to pressure some employees to obtain dollars for travelers. The bank said in the directive, “We would like to inform you that individuals and networks have been detected carrying out fraudulent operations claiming that they work in this bank or that they have a certain influence on officials or employees of this bank and are trying to impersonate them to put pressure on some institutions in order to obtain the dollar for travelers or others.” Conducting money transfers or other activities. He added, "In this regard, the Central Bank of Iraq confirms that all allegations made by these parties are false and baseless and must be reported immediately through available means, regardless of the status of the person or group, and that the bank's management and employees at all levels do not represent them, represent them, or mediate on their behalf by any person."
Regardless of their connection to it, this bank does not bear responsibility towards those who are subjected to fraudulent and fraudulent operations, as they are essentially illegal, in addition to the caution, caution, and investigation of the validity of the allegations and documents.” 116 views 02/29/2024 - https://economy-news.net/content.php?id=40994
"Shafaq News/ The International Monetary Fund (IMF) indicated a "significant decline" in inflation rates in Iraq, which was reflected in the decline in food and energy prices and the stability of the foreign exchange market in Iraq.
According to the Ministry of Finance, an Iraqi delegation headed by Finance Minister Taif Sami concluded its discussions with the IMF's Article IV mission experts in Amman, Jordan, during which many issues were discussed, including the implementation of the economic reform program, the improvements achieved by the Iraqi government in the field of development infrastructure, financial sustainability, and boosting non-oil revenues."
It looks like Iraq has been given permission to move forward with their economic reforms as we discussed in January this year was going to take place in February 2024 because of an announcement made during Article 4 consultation with the IMF.
This is why we are seeing the acceptance of Iraq in the WTO, and they can now join other countries in the WTO formulating new price mechanisms that will level the playing field in trade among other nations.
207 trillion dinars.. How can the assets of the Central Bank of Iraq be preserved and what are the risks?
After the assets of the Central Bank of Iraq rose to 207 trillion Iraqi dinars, questions arose about how to preserve them and whether the political positions of the Iraqi state are related. The assets of the Central Bank of Iraq rose to 207 trillion Iraqi dinars, according to new economic statistics seen by Al-Sumaria News.
According to the head of the Future Iraq Foundation for Economic Research and Consultation, Manar Al-Obaidi, the mechanism of formation of these assets must be known, as the first process carried out by the Central Bank of Iraq is the issuance of cash currency, which it usually sells to various government and private agencies, “if any.”
Al-Obaidi added, “The largest buyer of the exported cash currency is the Iraqi government, which needs the local monetary mass as a result of a major dilemma that it has not been able to solve for years, which is that most of the state’s revenues are in US dollars as a result of the state’s revenues being dependent on oil, while most of the state’s expenditures are in Iraqi dinars.”
Therefore, the Central Bank buys foreign currency from the Iraqi government and converts it into assets in exchange for giving the exported cash currency to the Iraqi government to spend according to the sections set in the budget, according to Al-Obaidi, who confirmed that this money is in foreign currency, and the Central Bank resells it through banks for foreign commercial transactions and to collect the dinar. From banks.
Al-Obaidi stated that if there is a surplus of foreign currency at the Central Bank, it invests it in a way that ensures, first, the absence of any kind of risk, and second, investing it in institutions that provide the greatest amount of benefits and returns.
Therefore, according to its established policy, the Central Bank cannot invest this money except in guaranteed international bodies and institutions, or it can invest it in precious and stable metals, specifically gold, since the origin of all monetary currencies is gold, according to Al-Obaidi.
The division of the bank’s assets according to their investment locations represents the strength of the central bank and therefore the strength of the issued monetary currency, according to Al-Obaidi, who revealed that it is not possible in any way to put all the money in one basket, such as buying gold, although buying gold is the safest reserve, but the fluctuation of gold prices against the dollar It may lead to not creating a significant interest from the investment, so the bank resorts to distributing its assets into gold reserves, deposits in foreign banks with very high credit ratings, deposits in foreign central banks of countries with very high credit ratings, bonds and securities, and deposits with various financial institutions.
Al-Obaidi explained, “The most dangerous section of the bank’s assets currently in terms of non-recovery are the obligations of the Ministry of Finance amounting to 44 trillion dinars. In previous years, as a result of the state’s weak revenues from oil due to its low prices and the high government expenditure bill, the Iraqi government was forced to borrow from the Central Bank of Iraq to cover its expenses, and with improvement.” Oil prices and increased government revenues. The government has not reduced its obligations to the Central Bank, and in the event of a return to a decline in oil prices, it may be very difficult to return this money,” indicating that the rest of the other investments, such as bonds and deposits in foreign banks, are the safest and there are no major risks. economically”.
Risks may result from the presence of an emergency political circumstance that causes the central banks of the countries in which these funds and deposits are located to reserve and freeze these reserves, as happened to Iraq in the nineties and also what happened to Iran and Russia, according to Al-Obaidi, and he adds that preserving the components of the central bank, which includes a large part of it. Its reserves depend on the political position of the state and the political dealings of the state before it is economic.
In response to the question that is always asked why the Central Bank of Iraq does not invest its assets in institutions outside American control, such as Chinese or Asian institutions, Al-Obaidi explained that the answer, as I mentioned, depends on the credit strength of these institutions and countries, and there are also some investments in financial institutions in Singapore, Malaysia, and China. But not all investments can be placed and withdrawn from Western banks because of their impact on Iraqi-Western relations.
Al-Obaidi said, “The problem is not how investments are distributed and the attempt to withdraw them from Western banks. The problem is American hegemony over the world, which makes the first country economically, namely China, invest more than $800 billion in American treasury bonds and is considered the second holder of these bonds after Japan, despite All economic conflict cannot completely abandon the dominance of the US dollar,” he added, “Whenever major and giant countries are able to get rid of American hegemony, then let us think about getting rid of this hegemony as well if it conflicts with the interests of Iraq.”
He stated, “Demanding that Iraq, which is politically, economically, and security-fragile as a unit, detach itself from American hegemony and the dominance of the dollar without a global trend to create another economic pole, is a type of economic and political suicide currently. So let us wait what the results of BRICS will be, as it is the only initiative today to find an alternative to the dollar. Will this be able to do so?” Countries can break away from the dominance of the dollar, and then a direction and strategy can be developed for Iraq to distribute its investments among various countries. Is it really in Iraq’s interest to break away from the American dollar?
Earlier, the head of the Future Iraq Foundation for Economic Research and Consultation, Manar Al-Obaidi, revealed the assets of the Central Bank of Iraq and said, they were as follows: * Securities and bonds 71 trillion Iraqi dinars * Debts to the Ministry of Finance 45 trillion Iraqi dinars * Balances with external banks 26 trillion Iraqi dinars * Balances with external central banks 24 trillion Iraqi dinars * Loans granted within the Small and Medium Enterprises Initiative 12.6 trillion dinars * Existing gold reserves 12 trillion dinars * Accounts with international organizations 12 trillion Iraqi dinars * Foreign exchange reserves in bank vaults 443 billion dinars * Balances with banks Local 153 billion dinars *Total assets 207 trillion Iraqi dinars.