Saturday, June 29, 2024
"INTRODUCING THE LOWER NOTES!!!". BY FRANK26, 29 JUNE
KTFA
FRANK26: "INTRODUCING THE LOWER NOTES!!!...F26
Modify instructions
June 27, 2024
TRANSLATION OF THE DOCUMENT:
Republic of Iraq Central Bank of Iraq Banking Supervision Department, Licensing, Controls and Instructions Section Issue: 291/4/9 Date: 6/22/2024 All approved banks provide good greeting … In addition to our Circular No. (9/4/34) dated 1/15/2024, we would like to inform you of the cancellation of Paragraph (5/D) of the instructions and standards for circulation and replacement of banknotes, and the counting and sorting mechanisms that include collecting an amount of (250) dinars on the banks innovations for the counting operations. Sorting for each bundle will be done starting on 7/1/2024.
| with respect. Mr. Dr. Ammar Hamad Khalaf Deputy Governor Wakana 02/22/2024 CBI Head Office: Al-Rasheed St. Baghdad - Iraq Bank Center: Al-Rasheed Street - Baghdad - Iraq
"RV UPDATE" BY MARKZ, 29 JUNE
Thurs. 27 June 2024 MarkZ
The new Iraqi Dinar Rate was not in the Wed. Gazette, but they did fully expect their new rate in the month of June. The country cannot function too long with the ATMs loaded with the new gold-backed Dinar Note. Banking contacts say it will happen sometime between July 4-8, while outsiders were saying July 12-13.
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MarkZ
[via PDK] My Iraqi contacts say there was not a rate in the Gazette yesterday. They expected to see a rate posted there yesterday but there was not one according to 3 sources on the ground there. They still expect to see the rate in the month of June and we have a few days left.
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Tues. 25 June 2024 MarkZ
I am getting inundated with bank contacts telling me to expect that things have already started …but coming to fruition in banks after the 4th of July. With a rollout in the days immediately following. I believe the 4th is on a Thursday this year… so I was told the roll out around the 6th and 7th. That is the rumor. Remember, we don’t know the timing. I am sure getting a heck of a lot from the banking side that things are now moving quickly and that is what they are preparing them for.
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I did hear from 3 or 4 military sources and Reno and the Treasury…rumors that are all over the place, some saying it’s happening right now, to no – its tomorrow…to Its already started, to all kinds of timing rumors in an concerted effort to cloud timing. …I think it’s a good things to see them in panic mode trying to cloud timing.
I am getting inundated with bank contacts telling me to expect that things have already started …but coming to fruition in banks after the 4th of July. With a rollout in the days immediately following. I believe the 4th is on a Thursday this year... so I was told the roll out around the 6th and 7th. That is the rumor. But remember we don’t know the timing…but, I am sure getting a heck of a lot from the banking side that things are now moving quickly and that is what they are preparing them for..
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-markz-26-june.html
"THE MONETARY REFORM IS BEING SIGNED INTO LAW", 29 JUNE
KTFA
FRANK26:"THE MONETARY REFORM IS BEING SIGNED INTO LAW"............F26
The President of the Republic approves a number of laws, including the 2024 budget schedules
6/27/2024
Baghdad -
Today, Thursday, the President of the Republic, Abdul Latif Jamal Rashid, approved a number of laws, including the 2024 budget schedules.
The Presidency’s Media Department said in a statement - received by the Iraqi News Agency (INA): “The President of the Republic, Abdul Latif Jamal Rashid, ratified a number of draft laws, which are the schedules of the Federal General Budget Law for the year 2024, the first amendment to the Anti-Prostitution and Homosexuality Law, and the Law Extending the work of the Independent High Electoral Commission, and the first amendment law to the law regulating the rent of agricultural lands and granting ownership of the right to dispose of them for agricultural and veterinary graduates.”
The statement added, "The laws were sent after their approval by the President of the Republic for publication in the Iraqi newspaper Al-Waqae' to enter into force."
The Presidency of the Republic confirmed - according to the statement - that it is “moving forward in supporting legislation and laws that are in the interest of the country and citizens, by approving the laws approved by the House of Representatives, as well as by submitting draft laws by the Presidency of the Republic to the House of Representatives for the purpose of discussing and approving them.”
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President approves laws including budget schedules, combating prostitution and homosexuality
6/27/2024
President Abdul Latif Jamal Rashid approved a number of bills, the presidency announced in a statement on Thursday. The statement stated that the approved laws are: the tables of the Federal Budget Law of 2024, the first amendment of the Law on Combating Prostitution and homosexuality, the law of extension of the work of the Independent High Electoral Commission, and the law of the first amendment to the law regulating the rent of agricultural land and owning the right to dispose of it for agricultural and veterinary graduates. The statement added that the laws were sent after their ratification by the President of the Republic for publication in the Iraqi Fact Sheet to enter into force. The Presidency of the Republic stressed that it is moving forward in supporting legislation and laws that are in the interest of the country and citizens, by ratifying laws approved by the House of Representatives, as well as by submitting draft laws by the Presidency of the Republic to the House of Representatives for the purpose of discussing and approving them.
"RV UPDATE" BY TEXAS SNAKE, 29 JUNE
Wed. 26 June 2024 Texas Snake
Well it looks like Wolvie was right.
- 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.
- They anticipate a start soon but cannot confirm the exact start date.
- They are also positive we are almost there.
TEXAS SNAKE
!3.31 in country to start then upward valuation.
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.
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-texas-snake-22-june.html
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