Nader from Mid East: Iraq's New Dollar Distribution for Travelers

Urgent| An Economic Expert Warns: We Are Close To The Moment The Dinar Collapses Against The Dollar

   July 4, 2024  Baghdad/Iraq Observer   Economic expert Ziad Al-Hashemi warned, today, Thursday, of the collapse of the Iraqi dinar against the US dollar in light of the presence of rising factors.

 Al-Hashemi said in a blog post on the (x) platform, followed by “Iraq Observer,” that

 “(dollar exchange rates) are on the threshold of 1,500 dinars and are likely to rise further, after the US Federal Reserve banned Iraqi remittances in Chinese yuan, due to suspicions of smuggling, money laundering, and financial fraud.”

He added:   “It is expected that this ban will cause an increase in demand for the cash dollar within the parallel markets, and this may push the Iraqi Central Bank to return to implementing more stringent measures that will increase the state of anxiety and turmoil in the markets.” Al-Hashemi continued:

  “During this week, we witnessed the cessation of selling the dollar to travelers through approved banking companies and restricting it to sales outlets inside the airport only.

 This measure will cause more rapid demand for the dollar from the parallel market, especially with the start of the travel season.” He continued: “As I mentioned in previous attached tweets, the Iraqi Central Bank has not been able, more than 18 months after the exchange rate crisis, to dismantle and solve the exchange rate problem, as the factors of rising exchange rates are still effective and influential.”

He pointed out that   “what happened in the last period was merely a postponement of the moment of the collapse of the dinar against the dollar, by numbing the markets with an imaginary stability as a result of a huge sale of the dollar that could decline sharply with any decision from the Federal Reserve that turns the tables on the central bank’s actions, and this is what happened today.”       https://observeriraq.net/عاجل-خبير-اقتصادي-يحذر-اقتربنا-من-لحظة/   

Coffee with MarkZ and Mr. Cottrell. 07/05/2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Coffee with MarkZ and Mr. Cottrell. 07/05/2024

Member: Good Morning Mark, Mods and fellow RV’ers!!

Member: Hope everyone enjoyed your 4th of July……

Member: If you drink a 5th on the 4th you may not go forth on the 5th…lol

Member: Can we All hope that there is some great news today

MZ: There is a lot of chatter as of yesterday over the HCL in Iraq. 

MZ: “Parliamentary committee for “Economy News” The Oil and Gas law is almost complete-this is what we hope from Barzani’s visit to Baghdad”  They want you to know they are almost done with HCL. From day one I was told to look for HCL being completed and then BAM you are headed to the bank! 

Member: Frank26 says the same thing…….

Member: HCL is possibly cover for starting the RV without announcing it until BRICS has their announcement of The Unit

Member: I was told if IRAQ says anything is almost done. It’s already done!....

MZ: Also in Iraq they are working with the Saudi’s directly to complete undersea cable agreement for internet connectivity. Iraq is becoming a central hub for communications in the middle east.  Big news for Iraq. If you are going to be a regional leader- Iraq is going to need some higher valued dinar…imo

MZ: “Unfolding structural economic  transformation in Iraq”  This article popped yesterday.  This is talking about Iraq’s successes – especially in the digital banking world ….and them coming up to speed “tech wise” with the rest of the world. They have made great strides digitizing their economy to be more efficient and faster. We are seeing the economic changes we need for them to change the rate. . 

MZ: The news coming out from bonds, banks and groups remains extremely optimistic.  They say we are in the process. We will soon find out as more money moves…..

Member: Still waiting for the fines and penalties.. unfortunately  

Member: I’m noticing less currency for sale out there…. Anybody else see that? Couldn’t find the good ones I was checking on this morning. Seems sold out or clawed back.

Member: That's a great sign that the currency sites are running low of product.. The door to selling is gonna slam shut at trigger pull.

Member: Japan got new currency on July 3rd

Member: How will we get notifications if the phones and internet is taken down?

MZ: I think this is one of the worst rumors on the planet. No part of me is thinking, TV’s , radio, , power or internet will be turned off. I am told the alleged 10 days of darkness is not 10 days of darkness but them taking control of the Main stream media in order to get the actual truth out there. 

Member: Shouldn’t it really be called “Ten Days of Light” ?

Member: 10 days of Darkness = when everyone is glued to their TV while we exchange our currencies in private??   I hope

Member: Come on RV….In the spirit of Independence Day. I would also like to be independent of my bills.

Member: See everyone tonight…hopefully some bond people will get paid today???  Fingers crossed 

Michael Cottrell and CBD Gurus join the stream today. Please listen to the replay for their information and opinions. 

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics. 

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