Is Iraq almost done with WTO and are they getting $1.32 rate 03/14/24 BY PIMPY

Sudanese meets with the Minister of Finance and the Governor of the Central Bank and takes 3 decisions, 14 march

Sudanese meets with the Minister of Finance and the Governor of the Central Bank and takes 3 decisions

Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani took, on Thursday evening, three decisions related to government debts and non-performing private sector loans.

This came during a meeting held by Al-Sudani, with the Minister of Finance, Taif Sami, the Governor of the Central Bank of Iraq, Ali Al-Alaq, and a number of relevant advisors, and in the presence of the Director General of the Trade Bank of Iraq, according to a statement received by Shafaq News Agency.

According to the statement, the meeting discussed a number of issues related to the government banking sector, related to government debts and non-performing private sector loans.

Al-Sudani directed the Ministry of Finance to begin repaying government debts to the Trade Bank of Iraq, and to prepare a plan to be presented to the Council of Ministers regarding the repayment of non-performing loans owed by the private sector to government banks, including the Trade Bank of Iraq, in addition to forming a joint committee to study expired credits. In order to return its funds to the public treasury.

https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A-%D9%8A%D8%AC%D8%AA%D9%85%D8%B9-%D8%A8%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%88%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%88%D9%8A%D8%AA%D8%AE%D8%B0-3-%D9%82%D8%B1%D8%A7%D8%B1%D8%AA

"BANK STORY FROM A BANKER" BY A PERSON OF MARKZ'S COMMUNITY, 14 MARCH

BANK STORY FROM A BANKER

MZ: I think it’s important to bring this up and hope I don’t cause a panic with it. A person in our community had an interesting conversation. He has a personal relationship with a banker. 

MZ: Quote: “Met for dinner with a banking executive. After a couple plates of wings and a couple bottles of wine the banker told me about the basket, or first round is going to be only the Iraqi dinar and the Iranian Rial.

 He said those countries are gold backed and their internal banking systems are more set up…more so then the others are. The dong should be ready to exchange by late fall.  

The bolivar and rupiah are in the first round but will be later on….maybe even into 2025. 

It all depends when these countries banking certs (certificates?) are completed. He did not know about the shotgun start and said it will be easier to roll them out piecemeal. He also said it was to early to speculate on Zim bonds. He said eventually in the next 15 years or so all currencies will be at 1 to 1. 

MZ: Guys, this is just one bankers opinion….so nobody panic. But I take it as a very good sign. And its best to be prepared……or What if it does roll this way ????? I thought it was worth sharing ......

https://dinarevaluation.blogspot.com/2024/03/coffee-with-markz-03142024_14.html

"RV UPDATE" BY TEXAS SNAKE, 14 MARCH

 TEXAS SNAKE

Mon. 11 March Texas Snake: I am very, very limited on what I can share. This starts at the top of the food chain and wanders down to our level. The most extraordinary news I have heard yet regarding our position: stay close and be prepared for notifications very shortly, in days, not months.

 Banks have been placed on alert beginning Mon. 11 March. He felt we might get notified on Mon. but exchanging would start a few days after that.

https://dinarevaluation.blogspot.com/2024/03/judy-notes-13-march.html

As to Reno and Freight hangers, every airling traveling into Reno has a freight hanger, those being contacted to travel to Reno are providing a tenative arrival time and are being assigned a freight terminal, one they have exchanged and departed the next scheduled arrival is assigned that terminal.  If there are 6 freight terminals then each one has been set up to do  currency exchanges.

-------

Banks have been placed on alert beginning Mon. 11 March, so he feels we are close. We might get notified but exchanging would start a few days after that.

With everything re the updated banking system scheduled to begin next Monday it might serve as a distraction for us as well.Nothing new to report as yet, will advise should anything come across.

TEXAS SNAKE

Not that this is of material value immediately but the banker is indicating those above him are indicting he is within a short window to beginning his scheduling of currency exchange appointments.  Will keep you advised as info proceeds. 

As had been stated I will be participating in a planning call tomorrow evening, I mentioned this to the banker, his comment was "don't get to excited but you may get filled in on some news should I hear anything from above tomorrow." 

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-texas-snake-4-march.html

They are on call to be at their station within 45 minutes and all have had extensive training

Folks while nobody in our level knows when but the assurances I am being given indicates we are closer than ever.

"RV UPDATE" BY TEXAS SNAKE VIA TELEGRAM CHAT, 24 FEB

  TEXAS SNAKE

Like all of us we await some word and at this point my banker like us is awaiting some updates as we await but he does indicate we should be close based upon what has been  shared thus far.

"RV UPDATE" BY TEXAS SNAKE, 22 FEB

 “Word is trickling in that ATMs are being loaded with the new rainbow currency and then being placed out of service until all machines are loaded. …According to some sources, Bond Holder payments begin to be processing  Wed. 21 Feb.  …

I was on a call that was most positive and is affirming we stand at the threshold of scheduling/ exchanging currencies. They do not have rates or exactly when the announcement will be made but it could be as early as the next couple of days.”

Exchange Rates & News IQD VND TRY HTG ZIM Dollar #iqd Gold BY SANDY INGRAM

Central Bank Governor: Establishing basic rules to monitor the remittance process, 14 MARCH

 Central Bank Governor: Establishing basic rules to monitor the remittance process

The Governor of the Central Bank, Ali Al-Alaq, pointed out today, Thursday, the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.

The media department of the House of Representatives stated in a statement received by {Al-Furat News}, “The Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, met with the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.” 

Al-Atwani stressed, “at the beginning of the hosting session, which was held at the committee’s headquarters, the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.” 

The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.

For his part, the Governor of the Central Bank reviewed the economic and monetary aspects, pointing out the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.

Al-Alaq praised "the role played by the Finance Committee in following up on the country's financial and economic movement." 

The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law. link

"RV UPDATE" BY BRUCE, 14 MARCH

   Bruce

 On Mon. 11 March Admiral Bob was told by the US Treasury that he had the Green Light and to get out notifications to set appointments to his group. Tier4b (us, the Internet Group) was also supposed to be notified today Tues. 12 March and start exchanges tomorrow Wed. 13 March  but there came up a situation where the IRS was trying to find a way to tax the money. 

That situation was shut down, but it delayed the process for 24 hours. Tier4b should expect to receive notification to set redemption appointments any time from 8pm EST Tues. 12 March to noon on Wed. 13 March and should be exchanging by Wed. 13 March afternoon-evening.