The dollar’s “stubbornness” against the Iraqi dinar widens the “gap” between the official and parallel prices, 29 JUNE

 The dollar’s “stubbornness” against the Iraqi dinar widens the “gap” between the official and parallel prices

6-28-2024

The dollars stubbornness against the Iraqi dinar widens the gap between the official and parallel pricesShafaq News/ Iraq has been seeking for two years to end the phenomenon of dealing in dollars in the local market, while economic experts indicate that the Central Bank of Iraq’s measures have achieved “relative” success in controlling hard currency.

The year 2023 witnessed an unprecedented rise in the dollar exchange rate, reaching 1,700 dinars per dollar and continuing for several weeks before gradually declining at the end of the year to reach a level ranging between 1,470 and 1,450 dinars per dollar during the past two months.

The Iraqi currency crisis began after the US Treasury Department banned 14 Iraqi banks from the global banking transfer mechanism known as SWIFT in an attempt to prevent the smuggling of dollars to Iran…

faceiraq.org

TNT UPDATE, 29 JUNE

 TNT UPDATE 6/28/24

Tony said that Iraq is ready to party. 🥳

Sudani told the Iraqi people that there is going to be a change in the banks. 

Tier 2 & 3 banks in the US have also now been advised to “get ready.”

Banks have been doing practice runs for the last two days, and the biggest issues that keep occurring, were with people not having their currency separated and organized. 

The budget is expected to be published tomorrow. 

Bankers from Indiana, Chicago, NY, NJ, FL and DC texted Tony during the call and advised that they are ready, and that some of them are staying late tonight, and that some are starting early tomorrow morning.

Tony believes that our window is still any time after 4:00pm Eastern today, through Sunday morning. 

Ray believes that it’s coming tonight, so that’s what we’re all going to pray for. 😁

That’s it for the highlights, have an amazing night and an even better weekend. Much love and abundant blessings to all. 🙏🤗❤️

Iraqi Dinar | Iraqi 2024 Budget Shocker – How It Could Change Everything...

The President of the Republic approves a number of laws, including the 2024 budget schedules, 29 JUNE

  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.”  LINK

"RV UPDATE" BY TEXAS SNAKE VIA TELEGRAM CHAT, 29 JUNE

 TEXAS SNAKE

As most know our Saturday is Iraq's Sunday.  The new Budget was included in the latest Gazette but the rate was not given.  I now have it from 3 different sources that Iraq is planning a nationwide celebration for this Sunday.  

There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM's with the new currency will be opened.  So this is my hoped for announcement for tomorrow.  GOD Bless.....

---

Just an FYI but I closed the room after the comments about Gurus and MarkZ, this room is for my connections with major international bankers and NYSE upper management as well as a WF banker involved with actual exchange centers his bank has prepared to do actual monetary exchanges of currencies. 

 I plan on advising once the exchange platform is about to begin so we will have an advance alert.

FRANK26….6-28-24….A HOLY BLESSING

Iraq and Britain discuss preparations for Sudanese's visit to the United Kingdom and ways to enhance partnership and cooperation between the two countries

 Iraq and Britain discuss preparations for Sudanese's visit to the United Kingdom and ways to enhance partnership and cooperation between the two countries

6/27/2024

The Undersecretary of the Ministry of Foreign Affairs for Multilateral Affairs and Legal Affairs, Omar Al-Barzanji, received the Chargé d'Affaires of the Embassy of the United Kingdom of Great Britain and Northern Ireland to the Republic of Iraq, Rosie Cave, in his office in the ministry building.

A statement by the Ministry of Foreign Affairs stated that during the meeting, they discussed strengthening relations between the two friendly countries and discussing issues of common interest, as the Undersecretary pointed out the importance of working to develop frameworks for cooperation in various fields, noting that the two countries are linked by relations of common interests in various economic, political and strategic fields.

For her part, Cave pointed out, during the meeting, to the ongoing preparations for the visit of Prime Minister Mohammed Shia Al-Sudani to the United Kingdom, and ways to enhance partnership and cooperation between the two countries.

 She also expressed her thanks and appreciation to the Iraqi Ministry of Foreign Affairs for its continuous support and assistance in overcoming the obstacles facing the embassy in Iraq, and praised the role of the ministry in enhancing cooperation between the two countries to achieve common goals.   LINK