People always say, Oh, you know, President Bush said the Iraqi dinar will pay for the war itself. No, what he said was Iraq would pay for the war itself, not the Iraqi dinar. They're talking about the oil. It wasn't even Bush that said that...
Once they re-denominate the old currency is no longer any good. You can exchange it for the new lower bank notes but your higher bank note doesn't have any extra or more purchasing power or more valuable than the new notes.
One of those myths that are out there...Executive order 13303...If you're a new persons investing into the Iraqi dinar you will hear...we're allowed to invest in Iraqi dinar because George Bush signed executive order 13303... Nowhere in executive order 13303 does it state such a thing...Having said that, it doesn't mean you can't invest in Iraqi dinar...Obviously investing in currencies are a thing but nothing in these orders at all say that Bush gave you the right to invest in the Iraqi dinar.
The Prime Minister's Advisor Announces The Decline In The Effects Of The Parallel Market And The Decline In Its Activity
Economy Yesterday, 15:07 Baghdad - INA - Nassar Al-Hajj The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced today, Sunday, the decline in the effects of the parallel market and the decline in its activity, while revealing the reasons for the decline in the dollar’s exchange rate against the dinar, and the importance of monetary policy and its imposition of a climate of stability at the general level.
Saleh said to the Iraqi News Agency (INA):
“Economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that
“the state of superiority of the official exchange market in financing Iraq’s foreign trade caused a decline in the effects of the parallel market and a decline in its illegal activities.” Legal".
He pointed out that "the decline in parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country's economic policy in its three aspects:
financial, monetary and commercial," pointing out that "the work and high coordination of policies led to providing an incubator of stability embodied in relative price calm and the containment of seasonal price fluctuations." “For materials in high demand, specifically the provision of basic goods related to consumption and daily living for citizens.” He noted
"the importance of using the customs policy, which was represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods) as part of the performance of the financial policy in providing price stability and ensuring the supply of materials, food and essential goods, and production supplies at the official exchange rate and in accordance with the requirements of the national economy."
In addition to the high stability in bank financing for foreign trade for the private sector, which began to adopt the stable official exchange rates of 1,320 dinars per dollar in a wide and more flexible manner through the regularity and stability of financing operations.
He pointed out that "the demand for foreign currency for the purposes of financing the country's foreign trade, on the part of the private sector, is today supported by large foreign currency reserves, which are the highest in the country's history, reaching nearly 111 billion dollars today." He continued,
"These high foreign currency reserves reflect the country's annual trade efficiency of more than 16 months of import at least in light of the global standard for the trade efficiency of foreign reserves, which is limited to only about three months, and that
the ability of these reserves to cover the exported currency is considered a complete coverage of foreign exchange, which is an indicator of stability." Contains any existing or anticipated adverse price fluctuations. https://www.ina.iq/205566--.html
Don't despair if you're having trouble at banks...IMO just go to a bank that exchanges foreign currency. We're using Chase as one example. There's others. Go to that bank and simply open a savings or checking account. If they ask you why do you want to open this checking or savings account tell them because, 'I have money...I want to put into the account.' Once you have your account open, go home and just sit there and wait until it happens...When the blessing occurs go back to that bank and tell them, can I talk to your Wealth Manage Department? They'll send you to the back, away from the bank and they will take care of you...
Hawaiians, your bank is The Bank of Hawaii. They do exchange foreign currency right now. The people that represented us...went past the front line of defense...and got to the wealth management advisors...They did not deny the Iraqi dinar. They knew what was going on...She said, unfortunately brother at this time we are not able to assist you but as the time progresses in the future we will reach out and contact you...When the time comes we can accommodate all functions that you will need from legalities, lawyers, trust funds, foundations, if you want us to collect your property tax and report it we'll do that for you as well. She chose her words very carefully...
She says to me, this is private banking. None of your information will be shared with anyone. It will not be seen more exposed by any of our tellers. Only people in the wealth management department will see your numbers. The people in the front are for the public. We in the wealth management are separate from them. The bank, they are the public side,we are the private side...You are the highest tier that we offer.
The Decline Of The Dollar.. Parliamentary Finance Says That The Crisis Is On Its Way To Ending “Finally”
Economy |Yesterday, 21:53 | Baghdad today – Baghdad The Finance Committee in the Iraqi Parliament confirmed, today, Sunday (March 24, 2024), that the dollar exchange rates in the parallel market will continue to decline until the official price fixed by the Central Bank of Iraq is reached.
Committee member Moeen Al-Kazemi told “Baghdad Today” that “the dollar is still continuing to decline in the parallel market, and this decline will continue, even if slowly, until the official price fixed by the Central Bank of Iraq is reached,” indicating that “there is significant government control over "The market and this crisis are on their way to being resolved once and for all."
Al-Kadhimi stated,
“The visit of Prime Minister Muhammad Shia Al-Sudani to Washington is very important at the level of financial and economic files, and Al-Sudani is discussing with the American side strengthening and strengthening the Iraqi dinar, and lifting obstacles on some banks, as well as providing sufficient cash liquidity from the dollar to Iraq by "The treasury, which is why the visit is considered important and will have positive results on the economic files."
It is hoped that Sudanese will visit Washington in mid-April to discuss several files, most notably the economic and Iraqi measures to combat money laundering and terrorist financing.
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening: I hope we have some exciting news tonight
Member: Mark Z Is this our week Brother?
MZ: We may see it by Easter…The news is so good.
Member: there is always the standard hope for the St. Germaine trust to be opened this Easter…finally.
Member: Frank said Mission Accomplished tonight.
Member: I heard today the reset was finally agreed to and moving forward towards signatures
MZ: That is highly possible. We have a delegation of Iraqi foreign ministers in DC right now. At this point we expect them to announce “lifted sanctions” by the middle of the week. My source is on the DC beltway. When sanctions are lifted it should be “GO” time.
MZ: Some of the rumors are from bond folks with great expectations of getting 1% really…..for sure….on Wednesday.
Member: Has your paymaster been called to Reno?
MZ: I’ve see whales called …I’ve seen those that prepare for the paymasters called. I have seen a signatory called .
MZ: “BRICS invites all countries to join it in killing US dollar” They invite all countries to ignore the US dollar and use local currencies. De-dollarization is picking up……
MZ: “US-Vietnam relations: A conversation with Vietnams foreign minister-Bui-Thanh Son” He is talking about looking forward to doing lots of business together over the coming years.
Member: What does your gut say on the dong rate?
MZ: Im still thinking around $2+. But would not be surprised at anything between .47 cents to $3+.
MZ: “Iran’s currency hits a record low” Be careful before you spend any big money on that currency.
Member: Visualize everyone! Very powerful right now! Easter is the day!
Member: Sweet RV dreams……may they come true soon.
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