Thursday, May 2, 2024

"RV UPDATE" BY WALKINGSTICK AND FRANK26, 2 MAY

  Walkingstick and Frank26  

 [Iraq boots-on-the-ground report]  

FIREFLY:  Alaq the CBI governor is on the television and he's talking about the banks and the financial inclusion.  They are saying to us that there are changes coming...Iraq has just given us Identity Program.  This will be launched next Thursday on the 6th...They called them Unified National Cards.  

WALKINGSTICK:  Those are nothing more but identification cards because you're going to be needed them when you go into the bank to get your new currency.  

---

Question: "Will Aki  

[Walkingstick's Iraqi Bank owner here in the US] 

exchange dinars for US citizens at his bank?"

  Yes!  That's the whole purpose.

FRANK26: SAYS

  Walking Stick was on the phone with Frank during the subway. The head of Walking Sticks, who owns banks and ATMs in Iraq and Jordan, and his friend who runs his bank in Dearborn, Michigan, are at this big meeting at the CBI, with the 964-person delegation that was in D.C. Everyone is in this meeting. 

It is the Arab Monetary Fund, the International Monetary Fund, the World Bank, all the companies and investors who have contracts are saying these words, about lower banknotes and a new exchange rate. Everyone knows that the exchange rate is about to change. Eddie said on television saying The budget will come to Parliament next week. Walking Stick and Frank believe that the exchange rate will rise and force parliament to hold an emergency session. Then Parliament would have to vote. There is too great a possibility of insider trading (parliament are criminals). Walking Stick says Sudani wants this now. Promises must be kept. Do you remember that they audited the banks? Maliki's State of Law Party tried to raise $600

Millions of dollars. The entire party is being shut down by the IMF, the FMA and the CBI. They were funneling funds to Iran across the border into Iran for their own enrichment. They and the private banks were closed. That's why they think that with all the corruption, they will have to announce the new exchange rate and the parliament will hold an emergency vote (after the exchange rate change). The CBI determines the exchange rate.

  Sudani and CBI are working together. Those sanctions were lifted in time for a

  Change of fee. Everyone at those meetings will be on stage with Sudani, including the two friends from Walking Sticks. Walking Stick says Sudani will make the presentation, and this will happen after that. Sudani wants it now, everyone is there waiting. It shouldn't take long.

  -All credit to Frank and his team!

TRANSLATE SPANISH

Miércoles 24 Abril 2024

FRANK26 : DICE
Walking Stick estaba hablando por teléfono con Frank durante el metro. El jefe de Walking Sticks, propietario de bancos y cajeros automáticos en Irak y Jordania, y su amigo que dirige su banco en Dearborn, Michigan, están en esta gran reunión en el CBI, con la delegación de 964 personas que estaba en D.C. Todos están en esta reunión.  

Es el Fondo Monetario Árabe, el Fondo Monetario Internacional, el Banco Mundial, todas las empresas e inversores que tienen contratos están diciendo estas palabras, sobre billetes más bajos y un nuevo tipo de cambio. Todos saben que el tipo de cambio está a punto de cambiar. Eddie dijo en la televisión diciendo El presupuesto llegará al Parlamento la próxima semana. Walking Stick y Frank creen que el tipo de cambio aumentará y obligará al parlamento a celebrar una sesión de emergencia. Luego El Parlamento tendría que votar. Existe una posibilidad demasiado grande de uso de información privilegiada (el parlamento son delincuentes). Walking Stick dice que Sudani quiere esto ahora. Las promesas deben cumplirse. ¿Recuerdan que auditaron los bancos? El Partido Estado de Derecho de Maliki intentó recaudar 600 dólares

Millones de dólares. Todo el partido está siendo cerrado por el FMI, el FMA y el CBI. Estaban canalizando fondos a Irán a través de la frontera hacia Irán para su propio enriquecimiento. Ellos y los bancos privados fueron cerrados. Por eso piensan que con toda la corrupción, tendrán que anunciar el nuevo tipo de cambio y el parlamento realizará una votación de emergencia (después del cambio de tipo de cambio). El CBI determina el tipo de cambio. 

Sudani y CBI están trabajando juntos. Esas sanciones se levantaron a tiempo para una
Cambio de tarifa. Todas las personas en esas reuniones estarán en el escenario con Sudani, incluidos los dos amigos de Walking Sticks. Walking Stick dice que Sudani hará la presentación, y esto sucederá después de eso. Sudani lo quiere ahora, todos están ahí esperando. No debería pasar mucho tiempo.

Iraqi Dinar 🔥 Very Impressive News For investors 🔥CBI Released IQD New ...

Abed Rabbo: Jordanian banks are swallowing up the Iraqi economy and the central bank is dealing with double standards, 2 MAY

Abed Rabbo: Jordanian banks are swallowing up the Iraqi economy and the central bank is dealing with double standards

Financial master Ahmed Abd Rabbo affirmed on Wednesday that the National Bank of Iraq is working duplicatively in allowing licenses to unfamiliar banks and forcing sanctions on Iraqi banks.

Abd Rabbo said in a proclamation to the , “crafted by the National Bank of Iraq conveys a lot of duplication among neighborhood and unfamiliar banks, particularly Jordanian ones,” taking note of that “the National Bank conceded licenses to four Jordanian banks: Lodging, Jordan, Al-Ittihad, and Al-Arabi.”

He went on to say, “Giving licenses to these banks means losing control over the banking business in Iraq,” bringing attention to the fact that “Jordanian banks swallow up Iraqi banks while local banks face American sanctions.”

Abd Rabbo ended his speech by saying, The administration of the National Bank didn’t prevail with regards to managing this significant document, and it might represent a danger to the Iraqi economy,” bringing up, “We over and over requested to change the legislative head of the National Bank of Iraq, yet without much of any result.”

Experts accept that the monetary record can’t be given over in that frame of mind, as a sovereign matter influences the security and economy of the state, with the attack and entrance of these banks into the economy in an enormous manner that might make the Iraqi economy prisoner to the Jordanian banks.

"RV UPDATE" BY FRANK26, 1 MAY

  Frank26 

 The budget does not need parliament...The budget waits for the exchange rate.  The exchange rate is not waiting for it or anything else...The budget is born without them...

 Article:  "Will the agreements signed with the US Treasury reflect positively on the exchange rates?

 Yeah because they want at least 1 to 1 but they never changed it.  They kept it at 1320.  I think they're going to come out at maybe 1 to 1.30 or 1 to 1.50 and then float...The only reason they ask this question is because they know the answer to the question!

WEF [World Economic Forum]...no doubt this is good.  World exposure, this is good...They're being invited to the big boy corrupt party because they have a big boy exchange rate.  That's the important thing.

Wednesday, May 1, 2024

Veitnamese Dong | Good News For VND Holders VND RI Done At $3.60 | VND N...

Turkey to hold ‘quadripartite summit’ involving Iraq on ‘development road’ project, 2 MAY

Turkey to hold ‘quadripartite summit’ involving Iraq on ‘development road’ project

Shafaq News / Turkish media reported on Wednesday that their countries, Iraq, the UAE and Qatar intend to hold a “quad ministerial summit” regarding the “development road” project linking Iraq to Europe through Turkish territory, in which Abu Dhabi and Doha also participate.

In recent statements, Turkish Transport and Infrastructure Minister Abdul Qadir Uraloglu said that the upcoming quartet summit between the said countries will be held within the next two months.

On the memorandum of understanding recently signed regarding the same project between the four countries in Baghdad, the Turkish minister said that “this was a bilateral agreement, but with Turkish and Iraqi efforts also included the UAE and Qatar.”

Weekly meetings are taking place between officials of both Turkey and Iraq, Uraloglu added.

Regarding the steps to implement the project, Uraloglu stated that they will open offices in Iraq and Turkey within the framework of the project, in the coming months, noting that with the operation of the development road, the volume of trade will rise from 20 to 30-40 billion dollars.

A few days ago, Turkey, Iraq, Qatar and the UAE signed in Baghdad a four-way memorandum of understanding for cooperation on the “development road” project, in the presence of Turkish President Recep Tayyip Erdogan and Iraqi Prime Minister Mohammad Shiaa Al-Sudani.

https://www.shafaq.com/ar/اقتصـاد/تركيا-تعتزم-عقد-قمة-رباعية-تضم-العراق-بش-ن-مشروع-طريق-التنمية


"RV UPDATE" BY MARKZ, 2 MAY

 MarkZ   

[via PDK]

  I have had a number of contractors in the last day or two tell me that they were told to prepare for between $3.60 - $3.90 [for the dinar]…

  Question:  Anything new about the rate of the dong [Vietnam]...?  

 MarkZ:  I am hearing the dong rate could be in the $3+ range now. I hope this is accurate.  When  I first got in this I was hoping for .31 -.36 cents. Then I was consistently told it could be in the low $2 range…which would be spot on for a reinstatement.  Now I am hearing it could be as high as $3.60 or so… That is what is showing on bank screens. I do not know if it’s a place holder rate…but it is showing up a lot.

 Question:  Mark, do you see May 8th rumor that (the WTO entrance) as a hard date that Iraq cannot go past without announcing their new rate

 MarkZ:  I hate to give dates…but there is a good chance it could go before then.  Question: What does your gut say

 My gut is pretty mad we are not done already…but I feel that there is a good chance before the 9th of May. There is a lot expected to happen over the next few days.

Assigning two international companies to study the Iraqi banking market, 24 NOV

  Assigning two international companies to study the Iraqi banking market Economy News – Baghdad The financial adviser to the Prime Minister...