The Governor of the Central Bank, Ali Mohsen Ismail Al-Alaq, when he announced the third strategic plan for the years (2024-2026), includes a set of main and sub-objectives and initiatives to achieve the bank’s plan.
The governor stated that the plan paid special attention to the supervision of the banking sector, in order to build a “sober” banking sector, while the plan, according to the relationship, focused on the non-banking financial institutions sector [investment banks, hedge funds, insurance companies, mortgage lenders etc].
In the first strategic objective identified as Enhancing monetary stability the CBI lists four facets of this effort.
In these four there are list ten initiatives.
In examining the ten it appears that nine of the ten have already been initiated.
The one initiative waiting in the wings is the and I quote, “Introduce NEW ISSUES of high-quality currency.”
I’m certain this is a reference to new lower denominations and since it is a subset of the FIRST strategic objective, it is thus identified as foundational to move forward for the banking sector’s stability.
It seems based on the plan to be the only foundational initiative remaining to be implemented.
This is interesting when we get to the point where it’s very quiet - we know that we are close and this is about to go – on Saturday the RC had a 2 and half hour vimeo call - don’t know what it was about but we know RC staff went in for four hours on Monday - two people overlapping for 7 hours staying thinking that the 800’s would come out and they’d get the email from WF –
our understanding now is that tomorrow is looking very good for us to get those 800’s and this is coming from the Head herself of the RC fully expecting to be notified tomorrow – and hearing from sunset tonight to mid-morning tomorrow, so that narrows it down and also we might well wake to those emails overnight – that is a possibility. When you get right down to it – there is not a whole lot else we are interesting ONLY when are we going to get those number and notifications.
I have spoken about the contract rate for the IQD and also it’s quite possible for that new rate to go into the Gazette tomorrow Wednesday. Regarding contract rates it’s very high and tied to the per barrel rate that Iraq is selling to Turkey or other nations and yesterday I got that the contract rate would be offered to all US citizens that have Dinar and if you are not a US Citizen you’ll end up with the rate on the screen and the rates are moving up and the Dong is also on the screen at a decent rate also - but now we are really getting down to it and we’ll take it from there and hopefully exchanges Wednesday afternoon/evening or Thursday –
bring your identification all that we’ve mentioned before to the exchange, just as proof of residency and be ready for this to go quickly and if you have tons of currency and bonds, let them know when you call. And now Bruce is again talking about Sue and her new class.
So I’m sure that’s ALL Bruce has for us for intel tonight - but it’s Good intel we just have to see it actually manifest – and as Bruce keeps saying THEY ONLY HAVE TO GET IT RIGHT ONCE - so without a doubt Bruce will again be thanking all his team. Also without doubt he’ll pray out the call - so please pray with Bruce and keep those heartfelt prayers being said and see if our Father Creator will bring this Heavenly Blessing that this is the Season and The Time for this to finally happen for the whole of Humanity - remember ALL our prayers are just powerful.
Well the call confirmed what I had posted earlier plus indicated the exchange process will begin in China move eastward to Europe and then to the US and they anticipate a start soon but cannot confirm the exact start date.
They are also positive we are almost there.
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Texas Snake,
[06/21/2024, 6:30:45 p. m.]:
It's been awhile since I last posted however I only post when the info is confirmed.
Well the WF Banker responsible for 5 states exchange centers has advised that all his trained specialists will be on a one hour call to their assigned positions all this coming weekend and were cautioned this event could very well be activated so they should be aware of their duties for the next several weeks.
First they schedule appointments then they operate the necessary machinery at the various banks to complete the exchanges for US currency.
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Well one item that was confirmed during the call is that there were hundreds of ATM machines positioned all over the city and loaded with new lower denomination notes. They anticipate this weekend or during the Holy Week celebration.
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Texas Snake, [06/21/2024, 6:30:46 p. m.]:
It's been awhile since I last posted however I only post when the info is confirmed. Well the WF Banker responsible for 5 states exchange centers has advised that all his trained specialists will be on a one hour call to their assigned positions all this coming weekend and were cautioned this event could very well be activated so they should be aware of their duties for the next several weeks.
First they schedule appointments then they operate the necessary machinery at the various banks to complete the exchanges for US currency.
Parliament: Amending the investment law will reflect positively on the future
Iraq 06/27/2024 The Investment and Development Committee in the House of Representatives intends to amend the Investment Law, which will reflect positively on this sector.
Committee member Mohammed Al-Ziyadi told Al-Sabah: This law is an important law, as it enables the legislative and executive authorities to provide what is best for this sector, noting that the issue of replacing heads of investment bodies is a matter that falls under the governorate councils.
He added that the legislative authority must implement the tasks of local governments stipulated in the governorate councils law, in addition to the fact that the constitution has fully clarified the tasks and powers of local governments, and therefore what concerns these governments is their own business.
Al-Ziyadi pointed out that the last stage witnessed the absence of the role of the local government, and timid follow-up by the members of the House of Representatives after the task was entrusted to them, but now the law must be implemented in its entirety and the local councils must present something to their people in all governorates and what they deem appropriate by changing or continuing regarding investment bodies. .
He pointed out that we must benefit from the mistakes that occurred in the past to correct the work of investment bodies, explaining that the violations in the work of the bodies, including extending the work of their heads, which some have spoken about, did not exist because this matter is within the authority of the Council of Ministers,
adding that the matter is up to the provincial councils to implement what they see. appropriate according to their powers and do not allow any of the authorities to take away their powers for any reason. Edited by: Adhraa Juma https://alsabaah.iq/98624-.html
FRANK26: AL SUDANI (IRAQ PRIME MINISTRY) and his team go to the US treasury and deliver the monetary reforms that Sudani is going to implement for RV and RI of the IQD.
That is the reason why they are reforming the banking sector, which will increase the value of the Iraqi dinar.
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💢 Latest from Frank ~ 6.19.24
Frank: [The new ATMs] are everywhere now. It's not hundreds, it's not thousands, it's tens of thousands of them. They are everywhere that an Iraqi citizen can walk to. They are at their hookahs...mosques, barber shops...street..banks...corners, they're everywhere...There's going to be a massive rush going into the banks.
Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?"
If you change the oil map, you change the exchange rate/the value of the currency of Iraq.
Quote: "Iraq's financial budget for the current year included the new pipeline project at an amount estimated at approximately 6.5 billion Iraqi dinars ($4.9 billion)"
I don't need to go any further than that...1.32 is what the citizens of Iraq are potentially in a position to receive. This article proves that there's a different rate in the budget...
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The investment law is being passed.You'll see it very soon. They have no choice. Sudani is extremely happy about it because that's how you're going to be able to get these new contract with the new exchange rate.
What is the time of the float? ...I want to watch the float. I want to calculate exactly just when I want to go ahead and exchange the rest of my dinar. Here's the problem. In the same manner they are giving [Firefly/Iraq citizens] a specific amount of time to turn them in, they will give us a specific amount of time to turn them in.
Did you see...Iraq and Kuwait are now linking with their fiber optics? This is extremely important part of the monetary reform...They know it's no longer a secret what is happening with the exchange rate of the Iraqi dinar.
Things are going perfect. Everything is moving with such perfection that no one can do anything about this right now.
How much time will they [Iraqi citizens] have to trade in 3 zero notes?
[Boot's on the ground Firefly's bank friend] told Firefly you're going to be given a short amount of time to exchange your Iraqi dinar.This is the very first time ever that we have information from a very good source [saying] you're going to have a specific amount of time to trade in your 3 zero notes.
