I've always said that when it would happen IMO it would be from a Saturday night when you're asleep to when you wake up on Sunday morning. Saturday into Sunday is what I've always said. Sunday into Monday is illogical because that's a second day of the week. The first day of the week is when you would officially kick the football and start the game.
The banks are not saying as much that it's a scam. If you hear someone that says it's a scam it's probably someone at the very front line.
But once you get past them we're finding they have JP Morgan representatives at every Chase Bank it seems like. Perfect timing...Not one bank story has been negative in 8 or 9 days or so...The resistance is getting less and less. The force field is no longer at 10, it's probably at 1 or 2.
Mawazine News – Baghdad The Parliamentary Finance Committee announced, today, Thursday, the hosting of the Governor of the Central Bank, Ali Al-Alaq, to discuss important files. A statement from the committee received by Mawazine News stated, “The Finance Committee, headed by Atwan Al-Atwani, began a session hosting the Governor of the Central Bank, Ali Al-Alaq.” He continued, “The hosting came to discuss a number of important files.”
Don’t be discouraged, the currency reform and banking process has come a very long way in a short period of time since January 2023 compared to waiting since 2011, when the plan originated with the IMF on how to turn the currency back on.
So we went 11 years with not much progress then suddenly a huge jump which tells us something is up. This alone is all telling...If Iraq is to progress, as they say is their goal, they will need a globally recognized and traded currency once again and get it VERY SOON!
This Saturday I had my normal call to my CBI contact in Iraq and was told they too are waiting for the signal to go ahead with the Project to Delete the Zeros.
This is the next step. Everything from the Iraqi side has been cleared but the US Treasury has not yet given their assurance of the reinstatement once the process moves to the next step. The CBI now wants this in writing and a formal document stating the approvals. They are waiting for this to come. ...we know that what has been accomplished in the de-dollarization process is hard to undo at that point...So, there is no turning back and they must move ahead.
The Finance Committee, headed by Atwan Al-Atwani and the presence of its members, hosted, today, Thursday, the Governor of the Central Bank Ali Al-Alaq; to discuss a number of important files, most notably, the measures to address the large gap in the sale of the dollar between the official price and the parallel market, as well as foreign trade transfers through (the platform).
The meeting also reviewed, according to the committee’s statement, {Euphrates News} received a copy of it, the file of US Treasury sanctions on local banks and the extent of their impact on monetary and financial policy and banking work in the country, and the measures taken by the Central Bank in this regard, in addition to discussing the adopted international standards, future plans to improve the reality of the banking system, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank Law.
Al-Atwani stressed “the importance of following up the economic file, monetary policy and the system of external and internal transfers, and finding appropriate solutions to the obstacles facing the work of the Central Bank,” noting that “the government is making a great effort to maintain the stability of the local market during the holy month of Ramadan, especially with regard to the prices of selling food and other necessary goods.”
“We look forward to continuous coordination and cooperation with the Central Bank in order to increase the value of the Iraqi dinar and control the local market in order to alleviate the citizen,” he added.
For his part, Al-Alaq stressed “establishing basic rules for monitoring the process of external and internal transfers,” attributing the instability of the exchange rate to “the existence of illegal trade by small traders and some speculators that finance by withdrawing the dollar cash from the market.” Al-Alaq said that “the external sanctions imposed on a large number of our local banks have hindered the endeavors and plans to open relations and communication lines with accredited international correspondent banks,” explaining, “the process of printing the local currency is carried out according to the required financial cover and in a way that balances the foreign and local currency and prevents any financial inflation.”
He added, “We are currently coordinating with the concerned authorities on the implementation of the foreign trade regulation plan, and we also have continuous meetings with the American Treasury, and it was understood to reconsider the sanctions imposed on Iraqi banks, and that such decisions should not be issued in the future until after discussing and informing the Central Bank of Iraq as it is concerned with monitoring its activity.”
SO, SOME AGREEMENTS WERE MET LAST NIGHT....LET'S SEE WHERE THAT TAKES US FOR LATER TODAY?
[via Babysmom] "EAST COAST BANK CONTACTS ARE "VERY EXCITED" AND ANTICIPATE INITIATING EXCHANGES EITHER LATE TONIGHT OR EARLY IN THE MORNING. TIME WILL TELL...
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EVEN THOUGH I DON'T SEE IT YET...THEY ARE TELLING US "IT'S DONE"...THIS HERE "RIDE" IS FINALLY COMING TO AN END...HOPEFULLY TODAY.
[via Vinterv] 3 LTR'S [3 LETTER AGENCIES] ARE ON A 24-HOUR WATCH...
♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ I'm so excited, and I just can't hide it. I know, I know, I know I see a RATE CHANGE! A SHO-NUFF "RATE CHANGE" ! ♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ Sooner THAN later ♫♪♫♪♫ I GOT A FEELIN ...TONIGHT'S GONNA BE A GOOD NIGHT ♫♪♫♪♫ times 3...
GOOD SOURCES INFORM THAT THEY ARE ATTEMPTING TO PUSH IT OUT "BEFORE" THE END OF THE MONTH...