💥🇺🇸☝️☝️☝️☝️Nader says that the war with Iraq had ended when Sudani came to the U.S. last month. 💥💥💥 The U.S. will keep bases in Iraq to protect their assets just like they do in Germany and other places. 💥💥💥 The U.S. gave 100% of Iraq to Iraq.🇮🇶 It happened this month! 💥💥💥. Great news! 🇺🇸💥🇺🇸☝️☝️☝️
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🇺🇸💥❤️🇺🇸. Zimbabwe is going on the gold backed currency system! 💥💥💥. This is very good for those who hold Zim bonds! 🇺🇸💥❤️🇺🇸
🇺🇸💥🇺🇸. Remember that on March 11, Monday, there won’t be anymore money to lend for loans. What will the banks do? 💥💥💥. How long would that go on before the banks break not having any money? Boom boom boom 💥💥💥.
What they will need is their own liquidity of cash. 💰💰💰.
Where would they get the cash liquidity they need??
From the people redeeming their foreign currency. 💥💥💥.
That money will be immediately invested in the banks at a special high interest rate! 💥💥💥.
It will be a win-win situation for everyone! Let’s Go! 🇺🇸💥🇺🇸👇👇👇
🇺🇸💥🇺🇸. Remember that on March 11, Monday, there won’t be anymore money to lend for loans. What will the banks do? 💥💥💥. How long would that go on before the banks break not having any money? Boom boom boom 💥💥💥.
What they will need is their own liquidity of cash. 💰💰💰.
Where would they get the cash liquidity they need??
From the people redeeming their foreign currency. 💥💥💥.
That money will be immediately invested in the banks at a special high interest rate! 💥💥💥.
It will be a win-win situation for everyone! Let’s Go! 🇺🇸💥🇺🇸👇👇
Welcome everybody to the big call tonight is Thursday, May the 9th and you're listening to the big call. Well, everybody's in except Bob he is at a gala event in Tampa tonight
So let's do this. Let’s pray the call in – probably won’t be that long of a call tonight because it’s just the two of us – Sue and I - so we’ll get to the important stuff of the big call – Sue’s segment and my segment – and we’ll go from there
Let's go into the Intel for tonight shouldn't be a real long, long segment but I did get some really good information. So I can tell you guys who we're hearing from - Usually it's banks or redemption centers and sometimes Special Forces. Military will add something to it
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Today – yesterday - Let's just say it this way, the banks are all up to speed down to the last employee in the bank – and you’ve just got to remember - I've been invested in this over 20 years now. Okay, but back in the old days, we knew of certain banks that were selling dinar and then they all stopped.
I remember - It was like December 15 2012. – There was no more dinar for sale at the bank – That was a long time ago - 12 years ago - that’s right –
So what the banks told us years ago - was ohhhhh - there's no such thing - We will never sell dinar - a lot of banks sold it and then turned around and said they never did - But they did – we knew where they were – they said well it’s never going to be worth anything – you are not going to be able to exchange it - blah blah blah --- They just told us a bunch of lies –
A lot of banks – even Wells Fargo when you called up answering machine giving you a recorded message about currencies that was not true. Now I understand banks have to protect certain things – they could not come out with the truth back then – I get it - they were just concerning to a lot of people – they were just trying to find out what the deal was - We know what the deal is because we have been doing the big call for 13 years now - So if you've been listening for a while, even 10 or 12 or 13 years, You know what the deal is
So what's interesting about this is yesterday and the day before all banks, as far as we can tell US Canada, I don't know maybe everyone, brought all of their employees up to speed on the currency transaction protocols.
In other words even tellers didn't know anything about this, if you ask they would look at you like a deer in headlights. you know, you know what I’m talking about – Deny – Deny – Deny --.
Well, guess what? Yesterday and the day before - was Tuesday. Yesterday was Wednesday. They finished the training at 230 in the afternoon for, for banks that use Wednesday to train employees on the new currency protocols exchange protocols - And what's cool about that is everybody's up to speed. As Mike used to say in the old days “edumacating” everybody.
Everybody is educated on currency/ currencies, the values of them and so on, now you guys know, when we get the toll free number – we’re going to call and set an appointment for the redemption centers –
People and I can't believe there are that many - people that are not listening to the big law or haven't heard of redemption centers. They walk willy nilly into a tier two or tier three bank and say - Hey, you guys exchange foreign currency. And everybody will say yes, please go to this purchase particular person - she's in charge of doing currency exchange, but they will not get the same rates that we will get at redemption center. it's very important for us to realize that's why we're setting the appointment - that's why we're going in to do.
Do they want the zim? Yes, badly. That's the first thing that they want to know - is what currencies do you have - do you have the Zimbabwe dollar? Yes we do, we may have a few.
And you'll be telling them that and they should be looking forward to it. I mean, obviously Zim has preference, but will they treat anybody that does have zim differently? Will they put them – a day or two later? Will they only take Zim holders first. I don't know. We'll see what happens I can’t answer that. Don't be surprised though. The Zim holders are the ones that don't wait.
Let's see what else alright, so we have been in touch with 3 – 4 different banks – that have called us - the good news is that they were getting this out of one or two particular banks. in Canada. we're on a conference call with our US Treasury from 7 – 9 pm last night. And we're getting some information from one of the banks that is saying that they are (going to try to remember how it was said ) trying to get the wording right -
Maybe they are telling us that we are in position to exchange currencies and redeem Zim Friday and Saturday. Friday, or Saturday.
Now that means Friday is tomorrow. riday is the 10th Saturday is the 11th of May This is what was said to us today. They are prepared for exchanges for us - for everybody Friday or Saturday. Wow.
Okay blown away when I heard that specific information. And we've got banks in the US that are also saying it kicks off this weekend. - We've got special forces saying everything kicks off this weekend.
So I don’t think I need to say a whole lot of anything else - I'm excited about it. And let me say this guys.
We had heard earlier from one of the sources that took us and said Well, yeah, we could get notified anytime From now through the weekend - exchange on Monday or Tuesday. We have heard Monday, Tuesday forever, right?
This intel today was so different from that - because it came at a great time saying they are prepared to begin exchanges – not sending out the number necessarily first, but exchanges. So this is at redemption centers.
So here's the way I look at it. If we're going to start exchanging tomorrow or Saturday – we kinda need to get notified - kind of need to get the 800 number so we can set appointments - so could it happen tomorrow? it could happen anytime tomorrow. Could we wake up to it ? possibly - could we do it tomorrow during the day? Yes – Could we get it after 4 pm when the markets close? maybe so – maybe so -- anytime we get it we should be able to call and set our appointments and maybe we could start Friday afternoon / evening or Saturday.
If we get notified tomorrow. If we got notified Saturday morning. You're easily set appointments for Friday for Saturday afternoon.
So don't be surprised if you don't get it tomorrow. – it could be they go to the very last minute and notify us on Saturday and we start Saturday afternoon evening. But we're supposed to start supposed to commence –exchanges Friday or Saturday - commence means to start
This came from our US Treasury in the form of an email today.
Remember we already had the green light from military. We got the green light from Treasury and we got the green light from Wells Fargo a couple days ago at 1pm in the afternoon.
So I’m very excited abou t this - I’m ready to go guys – This has been a long ride -
Now, as always, we have to have a slight caveat. We know the track record for Intel has not come out well for us in the past. But we do believe we're in a new place now. I do believe we've never been here before. I feel like a lot of people like that concept.
Thank you, Sue. Thank you Bob. Thank you big call universe for listening for so many years, alright.
And you know what you're involved in this is probably I think we're ready to move into a redemption status - and I'm excited about it. I'm very excited.
So let's pray the call out. and then we'll go along from there. Everybody have a great weekend and look for your emails that come out from Wells Fargo servers in Atlanta.
Let's, let's just believe. Incredible from Friday Saturday. It's just way beyond ready. Let's pray the call out.
FIREFLY: My bank friend told me that [the new green 1000 dinar note] is on the CBI website.
FRANK: Fils will not only be in precious metals but they will also be in paper...You might see an article about this today or tomorrow...Look at this note [new green 1000]...it looks like a 1000 note but...this green one is going to become part of your ability to give back change.
FIREFLY: None of us have seen this before.
FRANK: This is 100% proof you have a new monetary reform coming because if they're going to introduce these fils in a paper form then that means you have a new exchange rate to adjust to it.
FIREFLY: International Development Bank opens in Erbil.
FRANK: Notice how they are preparing your banks in many ways to receive the new exchange rate when Sudani releases it. They talked to you about the float...the basket... the lower notes...the old lower notes, your history...Now they're going to tell you Iraqi citizens about your banks...they are educating you on the many services that your banks will be offering you once this exchange rate is released.
FIREFLY: Television says Iraq is now producing 1 million liters of gasoline on a daily basis with the new refineries...They are saying we will have enough gasoline for our self sufficiency of our county and also for global trading on the market..
FIREFLY: They said our success is from the visit to the United States of America because it lifted almost all sanctions on our banks and others are close to being lifted too.
I still continue to hear phenomenal hopes from bankers for the coming days/weeks.
Question: Does the VND have a contract rate?
MarkZ:
I wouldn’t call it a contract rate – more like a pre-negotiated fee/whatever for a maximum rate. The reason there is a contract rate on the IQD is the dinar for oil program …allowing them (US Treasury?) to exchange dinar for oil over time instead of all at once.
There have been a few humdingers from banking sources this week. Mostly banking people who used to tell me I was nuts to believe in the RV - are now training for exchanges. They tell me “all those years and you were right” which does make me feel good.
The impact of the fluctuation of dollar prices and the rise in gold prices on the contraction of the commercial market in terms of import and purchase of goods significantly amid the flush of opinions between the return of the rise and decline of green to the official price set by the state 1320 dinars per dollar.
The dollar price currently in the parallel market is 1,460 dinars, up or down for this rate.
The cancellation of the currency {auction} window at the end of 2024 and Washington’s sanctions on Iraqi banks opened a door of doubts that end in putting the dollar in front of speculation, which will make it subject to demand after the Iraqi dinar recovers with government orders that limited dealing with the dinar to restrict the movement of the dollar.
While officials find that the establishment of the electronic platform and the level of regularity of the flow of external transfers responsible for financing private sector trade and the escalation of financing rates have reached very high rates through the compliance platform of banks active in this regard, and the high gold prices are not the direct alternative that directly affects the improvement of the exchange rate.
This is what the Prime Minister’s advisor for financial and economic affairs, Mazhar Mohammed Saleh {Euphrates News}, confired that: “Positive effective factors have affected the recovery of the Iraqi dinar in the secondary exchange market, foremost of which is the high level of regularity of the flow of foreign remittances responsible for financing private sector trade and the escalation of financing rates to very high rates through the compliance platform of active banks in this regard.”
He explained, “What means that the demand for foreign currency through official external transfers is responsible for 90% of the total desired demand for foreign exchange, as it is met with the official exchange rate of 1320 dinars per one dollar, which gave dominance to the official market over the parallel market for exchange.”
Saleh, he said that “as for the developments in the gold commodity market or gold shaws, especially the sudden price developments in it up and down, is not the direct alternative that affects the improvement of the exchange rate because it is limited in impact and the movements of the exchange parallel market, and that the main gold trade is financed as foreign trade through the transfers of the banking system and the official exchange market.”
Contrary to the government opinion, the Parliamentary Finance Committee supported the theory of doubts and confirmed that the dollar reached {200} thousand dinars with the cancellation of the currency auction. The Deputy Chairman of the Parliamentary Finance Committee, Ahmed Mazhar Al-Janabi {Al-Furat News}, said that “the decision of the Central Bank to cancel the currency auction at the end of the year will open a space for exploitation and a problem occurs. If the auction is canceled and the exchange rate is ended, the exchange rate in the markets may double and if the Central Bank goes towards this option, the dollar exchange will reach 200,000 dinars, according to his opinion.
“It will open up space for speculators to exploit the matter, not the current price is higher than the official price despite the sale of approximately $250 million a day, so how if the auction stops?” he said.
In light of this, economists expected that the demand for the dollar will continue more than supply and thus lead to a re-drop in the dinar rate due to the central bank’s limited capacity to cover. Economist Manar Al-Obeidi said in a statement that “the demand for the dollar depends primarily on commercial transactions and coverage of imports. The higher the demand for imports, the higher the demand for the dollar, and with the limited ability of the Central Bank in covering this demand as a result of the the specified, it is expected that the demand will continue more than the supply and thus lead to a re-decline of the price of the dinar against the dollar.”
He added, “The follower of the exports of the main countries exporting to Iraq notes an increase in the value of the exports of these countries, as the value of Turkish exports to Iraq increased in the first quarter by 30%, while Chinese exports to Iraq increased in the first quarter by 20%, as well as the exports of other countries such as the UAE, India, Iran and Brazil.” Al-Obeidi attributed the reasons for this increase are due to five main factors: 1- High global inflation, which led to the high values of various commodities in various exporting countries. 2- Inflating invoices, as some merchants agree with the equipped entity to inflate the invoices to obtain transfers in higher amounts in order to resell the converted dollar in those markets. 3- The change in the consumption pattern of the Iraqi citizen and the high population growth rates that increase the demand for various goods, which increases the demand 4- Increasing the government agreement as a result of high operating and investment expenses 5- Lack of a local industry capable of competing with the imported product as a result of high costs.
Al-Obeidi added, “These four reasons are mostly due to the loss of tools to control the state’s fiscal policy (taxes + customs + control of expenditures) in order to control this large increase in the value of imports, which leads to increased demand for the dollar. The customs and tax policy must be changed for many sectors and the need to exput tools capable of applying these policies more effectively and productively.”
Al-Obeidi added, “The continuation of the import bill will lead to an increase in demand for the dollar and therefore a rise in its price in the parallel market, which has become sought by many beneficiaries of the low official price, and the inability to control imports and the loss of control of financial policy tools will put the state in front of a single solution that is not second, which is the use of monetary policy, which is not favored by many specialists in the economic aspect and always prefer to focus on controlling financial policy.”
As the Hajj season approached, the Central Bank stopped selling the dollar to travelers and to find out its reasons, the former director of the Financial Supervision Bureau, financial expert Salah Nouri, said that “the recent report of the Financial Supervision Bureau, which was dealt with by satellite channels on violations in the sale of dollars to travelers, is the main reason for reviewing procedures and addressing the defect in the remittance system, and stopping until the situation is fixed.”
In the same context, the economist, Safwan Qusay, revealed the leakage of the dollar of travelers to the parallel market. “The current policy of the Central Bank of Iraq goes towards auditing the monetary dollar, which was similar to many failures in the first periods, especially its leakage through travelers to the irregular market, and this issue needs a new and clear mechanism,” Qusay said tolat News.
“Travelers are supposed to be dealt with through tourism and aviation companies and not allowed to cancel the ticket unless the traveler returns the amount he purchased from banking outlets or banks,” he added. “This measure will restore confidence in the cash dollar and the possibility of facilitating the real tourist’s mission and filling the gaps that accompanied the establishment of the electronic platform for the sale of cash for foreign currencies,” Qusay said.
He pointed out that “the Central Bank will not hesitate to provide dollars to the eligible, whether at the level of Hajj or other windows,” pointing out that “the Central Bank’s emphasis on the procedures for granting citizens dollars of cash to ensure that it reaches those who need it.” While travelers expressed surprise at the central bank’s decisions to prevent government banks from selling dollars to travelers.
“We are surprised by the Central Bank’s decisions to prevent government banks from selling dollars to travelers and monopolizing it only with money transfer and exchange companies,” Travelers said, via {Euphrates News}. Travelers called on parliament and members of the parliamentary finance committee to “intervene and solve the problem and allow government banks to practice the process of selling the dollar, especially in conjunction with the rewing of pilgrims to the Sacred House of God, and they need to buy the dollar at the official price.”