What can we investors do to help the RV situation?
We must now buckle down and pray and pray like never before for the success of Al-Sudani and his agreements with Washington are implemented. You do want the RV don’t you? Pray for Iraq and also the U.S. in that there are strong enough representatives in Congress and the Senate who will stand up and continue to fight to uphold the US Constitution and keep fighting this Washington corruption.
Pray that that God’s Hand will intervene and save our great country. Remember you can say the Rosary daily or use the prayers and links I provided from the Auxilium Christianorum for your prayers. Folks your prayers so far ARE WORKING and God has heard your cries. Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now the spigot is wide open the final issues preventing the reinstatement are being dealt with one by one. Can you see it too. I am trying my best to help you see it.
We don’t’ need this foolishness of this everyday / any day garbage intel. You think this is all just coincidental? God’s Hand is at work here. He has given Iraq his anointed leader Al-Sundani to help in this work. Even I have to sit back in amazement of what he has accomplished so far. Pray for him and all his success. It is June already and this month is proving to be a very significant month again.
A leader in the framework: America blackmailed Iraq with dollars within 3 years
Uday Ibrahim, the framework’s leader, confirmed on Tuesday that the United States had used the dollar to extort money from Iraq five times in three years.
In an interview, Ibrahim stated: Reality that all nations of the world, no matter what, acknowledge is that the dollar has turned into a method for shakedown by the White House, and Iraq is one of the nations that has been exposed to this way multiple times in 3 years.”
That’s what he added “selling the public economy and making it connected to the dollar conveys with it gambles with that undermine the country’s public safety notwithstanding its monetary repercussions,” calling attention to that “the public authority has really started to broaden the container of monetary standards and try to diminish dollarization in the business sectors as far as possible the job of the dollar.”
He said, “After being used as a means of pressure and inciting crises in various forms,” the dollar currency “is no longer reliable.”
He brought up that “America gave nothing to the public economy. Running against the norm, it contributed, by coming down on the banks under bogus guises, to make the equal market.”
It is noteworthy that the United States has purposefully reduced the dollar’s access to Iraqi markets in a variety of ways over the past few months, resulting in high exchange rates in parallel markets.
Concerning OFAC sanctions are still on the currency and have not yet been lifted, why is Citibank allowed currently to buy and sell IQD? Fair question.
Answer from Mnt Goat:
Guten Tag wciappetta. Yes, your question is a fair question but only if you are a newbie to my blog. I have covered this question many times already. But to help you understand let me say why can’t the banks sell dinar if the internet licensed brokers are selling it? What makes the internet dealers any more special than the banks? In this regard they are not.
The banks are special when they sell the dinar or other currencies in trading such as buying and selling. But this is in dealings with the US Treasury that these internet dealers do not have this kind of relationship since the do not have a “banking” license.
The banks do take a higher risk from the US Treasury if they do so in selling the dinar now. Remember that when ISIS invaded Iraq most banks simply refused to sell the dinar at risk of funding ISIS. Then in 2017 when the war with ISIS in Iraq was over, they once again sold it.
If they are selling the dinar now, they are doing it under a US Treasury license just like the internet brokers. No difference. The relationship with the US Treasury with the IQD is suspended until the OFAC sanctions are lifted. Get it? This is the key point.
Why not sell the dinar if there is money to be made on the spread. But this selling it today is much different than bypassing sanctions on a currency. Try to sell back your dinar to the banks and you will see a much difference picture. OFAC sanctions do not allow the banks to then take the dinar currency they bought from you (if they did buy it) and then sell it back to the US Treasury under normal banking relationships with the US Treasury.
So, under these OFAC sanctions why would a bank want to buy back any dinar since if they did, it would be only be to sell it right back to more customers like you so it is risky and they would limit their quantities. There is nothing else they could do with it due to the OFAC sanctions are in place.
So , you see the OFAC sanctions are more for in dealings with foreign countries vs a US bank. But to deal with a foreign entity the bank, the US bank would then be laundering money. Get it? To sell to you they know you in their banking relationship and can identify you.
From a civilian standpoint you don’t know or see how the entire banking system works. Banks transfer foreign currencies all the time to the US Treasury and can transfer to foreign countries too under the SWIFT system and the Central Banking system, Right now, until OFAC is lifted, the US Treasury will not deal in the dinars the SWIFT system also from the US banks will not deal in dinars. Is this why, under the currency auctions in Iraq they were forced to deal in US dollars only? Two reasons:
1.no large investment firms want to purchases large quantities of a sanctioned currency. Not only is it illegal it also goes against their financial managers professional license.
2.Since #1 is true who the hell wants the dinar outside of Iraq under these circumstances so for the country of Iraq to buy outside imports how would they pay for them? This is why they must still use the dollar.
So how do the banks get their dinar?
They purchase it just like the internet dealers purchase and they do not go through their normal channels such as they do with normal foreign currency and the US Treasury channels.
Right now having large quantities of any foreign currency is risky business for any bank since any foreign currency is volatile to global changes. So, the banks order it for you from the US Treasury Central Banking system on demand. They can not do this today.
You have to also understand that much of the OFAC sanctions are more logistical than anything else as I just described. Most of the time if you abuse it is giving a slap on the hand and fines if you don’t adhere to them unless you are dealing in large quantities with foreign entities and this is called then money laundering since sanctions are in place.
Laundering Corruption Money Raises Baghdad Real Estate... Questions About The Source Of Purchasing Power
Baghdad today – Baghdad Economic affairs researcher Mustafa Akram Hantoush confirmed today, Sunday (June 23, 2024), that
the rise in real estate prices in some areas of the capital, Baghdad, is due to money laundering, considering that the Baghdad Municipality’s approval of the area to be 200 meters or less is considered a violation, and also caused an increase in prices. Real estate. Hantoush told “Baghdad Today” that
“the real estate file in Iraq has become a very complex file and contains clear errors, and
there are also government decisions that have contributed to the rise in real estate prices, including the Baghdad Municipality approving an area of 200 square meters for the house as a basic design and there is a separate bond, especially
This square has become unavailable in most areas of Baghdad, except in some upscale areas.” He stated,
"The Central Bank of Iraq recently took a correct decision, that any house valued at more than 250 million before the tax must deposit the amounts in a bank until it is known where the source of that money comes from.
This is one of the ways to combat and limit money laundering through purchasing real estate.". He added,
"In areas that are witnessing a crazy rise in real estate prices, with the square meter reaching approximately 12 million or more, real estate there must be monitored, as
this rise may be caused by money laundering, especially since there is no such purchasing power in areas that are originally residential and not commercial." The researcher in the economic affairs continued,
“Working to register one or two houses in the name of one person is considered a reactionary law.
There is no harm in anyone owning dozens of houses if the source of his money is known.
We do not expect that such decisions, if there is a trend towards them, will not limit the rise in Prices at all, but may even have negative consequences.”
