I appreciated the thought from the UB2B of who now controls the oil, and it is not Iran any longer!! That was a great UB2B.
The report that the IQD shows up on some of the major hotels as currency to use to purchase hotel stays as one guest shared in interview on UB2B was great news.
That could be a sign of international recognition. (I am hoping that the Private Bankers in the USA are on the same page in great expectation if the world now knows. No more "it's a scam.")
Also, if I remember correctly, Eddie shared in a recent report that he and other Iraqis felt like they had a fancy car in Iraq, but it had no engine. I might use that metaphor in another similar application. Those new high tech ATM machines are like that fancy car in Iraq, but they do not have the engine to run them yet. Those ATMs are waiting for the new rate and lower notes! The Iraqis and ATMs may not have to wait much longer. IMO!! We hope and pray.
Finally, if I understood correctly from recent articles and reports that the dinar will only be sold at the airport starting on the 14th. Also, that Sudani recently had a meeting with the Exchangers who were about to go on strike, and they suddenly changed their tune and reversed their plans, hopefully happily. Sudani is a mover and shaker in a good way. There could be something maybe significant about the 14th just before WTO on the 18th. IMO!!
IMO, not just soccer, those big screens around the country in Iraq may soon serve a dual purpose. For us, it seems past time.
Many banks here and abroad seem to be on the brink of collapse due to large debt.
IMO, the reinstatement of the IQD may bring liquidity and less debt to some of the banks, a banking stimulus. Good leadership and good reforms in Iraq will bring blessings from a once war torn country. Industrial cities, hospitals, railroad, ATMs, vast resources, miracles. Thanks to Dr. Shabibi, Sudani, and Alak. Most of all, Praise God.
I need to begin today’s news with a comment to some of my readers to stop bringing this bullshit of “White Hats”, NESARA or GESARA to my blog. I already covered how I feel about these issues. If you want to vent, please go back to the idiots who told you about this crap and challenge them.
I also want to clarify yet more bogus information being passed out by many of these intel gurus mainly this idiot from TNT, yet its TNT Tony striking the iron with his stupid three letter agency and bank garbage once again. I already talked about this garbage intel in a past newsletter but I will address it briefly again.
Yes, it’s for all you idiot TNT fans that come to my blog hoping to get the TRUTH. But Tony says and I quote “its better to be wrong everyday than to be right only once”. This to me does not make any sense and he misses the entire point of collecting and sharing information about this investment in the dinar. It is not a guessing game. It does not have to be highly speculative. Really, there is so much information about the monetary reforms Iraq is now going through. There is “their words” not mine and we don’t have to make up banks stories, three letter contacts or these other ridiculous stories. The news can be factual but only if you dare to tell the TRUTH and not play head games with your listeners.
So, once again this week the TNT idiot told his listeners that there are back screens for trading the dinar and it went up to a rate of $6 this past weekend. Really? He said it was supposed to RV on Friday then it was Monday and still here we sit with no RV and its Thursday already again. But this idiot has been saying this for over 10 years now. You would think his listeners would question his sanity?
Sounds like his is another Joe Biden to me… lol.. lol…. lol…. 😊
All you have to do is get your nose into my Articles Section of the Newsletter today to see that this guy Tony is lying about what was supposed to have taken place over the weekend. Listen to me! Read my lips all you TNT puppets. If any investor wanted to invest in the IQD, they can easily buy it off the internet which buys it from the Central Bank of Iraq for 1/6 of a penny at 1320 dinar per dollar. Why in hell would anyone go and pay anymore than the official rate? It is all lies. Get it?
This guy Tony is a grownup man and can’t even determine lies when they are told to him never mind have enough discernment to figure out not to pass it on. These idiots passing him information (and I know who they are) have him so convinced they are real and have real information to give him. This is very sad. This is one of the reasons in the first place I created my blog as someone, anyone needs to come to their senses and use some common sense in this investment. All these lies have gotten way out of line and have to stop. But they won’t as long as you have gullible idiots who are willing to listen to it, believe it and not challenge it to their faces. Why don’t any of you TNT followers challenge the lies?
So, what is the FACTUAL news for Iraq this period?
In talking to my CBI contact over the weekend you think she would have told me about the supposed RV rollout, if in fact there was one, as Tony described on his latest?
So, it did not happen and so relax everyone. Next, I was also told that the educational program set up has not yet begun. It will coincide with the currency swap of the larger 3 zero notes for the newer lower denominations. I was told to be careful of the lies coming out about the financial reforms and how the CBI is handling it.
Again, I was told there is a master plan they are following to get to the reinstatement in spite of the efforts by the Biden administration not to allow this occur under his current administration.
The point that was made to me once again is that the IQD should already be reinstated if nothing else to what it was prior to 1990, then to let it float and the market will drive it like any other foreign currency that is traded. By not letting it go, the longer this is extended the more money that is stolen from Iraq which is not almost $4 trillion US dollars since 2003. Is there a conspiracy going on here?
I then read some of the articles to my contact from the recent Iraqi news channels and she told me that many of the politicians in parliament and many economists do not understand the economy clearly and how it works with the dollar. I was told the dollar will always exists in Iraq just like it does in many other countries. But what Iraq really needs is to use the dinar for trade and have it widely accepted. This can not and will not happen unless the dinar is traded on FOREX.
I then asked my CBI contact to explain just what the “comprehensive system banking system” was and how it is being activated.
She explained to me it is the 3rd phase of the strategic monetary reform plan and is now being implemented.
The plan will merger some of the government run banks. There is a new set of regulations for the handling of selling the dollar and dinar from private exchangers. It also is about implementing electronic banking throughout Iraq, includes the wide use of ATMs, bank accounts and use of debit cards. The plan also called for the project to delete the zeros to facilitate the cash flow to the banks from personal stashes.
But that the US Treasury has not yet given the green light to begin this part and this is beginning to cause issues. Meanwhile the CBI is progressing in what parts of the plan it can accomplish. I was told that this has been a common theme when working with the US Treasury. They work through plans with the Central Bank, then when it comes time to execute the plan, they are not timely in following the plan, which in the long-term causes yet more delays and issues. .....TO BE CONTINUED
Prime Minister Mohammed Shia al-Sudani was not seeking, during his recent visit to the United States, a media glare or a souvenir photo at the White House as much as he was seeking to bring about a qualitative shift in the relationship between Baghdad and Washington
A profound transformation in this relationship and to go beyond the stage of focusing on the security file that has dominated the relationship since 2003, and to move towards multiple partnerships in several fields. However, in the beginning, there is an urgent need to restore confidence between the two parties in a way that achieves the strategic interests of Iraq.
There are still sharp differences between the two parties, the most important of which is in the method of performance and management of files.
It seems that Mr. al-Sudani seemed more willing to reach an understanding and present conditions that were not previously proposed in drawing up the relationship between the two parties, including financial guarantees for loans and other financial exchanges that were not clear in the exchange between Iraq and America. link
”Iraq's Working Party will be formally resumed on 18 July after 16yrs. Had a productive prep meeting with Baghdad's team in advance of their arrival in GVA. Glad to see their readiness & excitement for this historic meeting. Grateful for the dedication & hard work of the Iraqi team”
There’s been a lot of “prep meetings” behind the scenes that does not get reported on(imo). Things are getting
The parliamentary finance committee revealed that Iraq decided to stop dealing in the Chinese yuan currency in financial transfers.
“The US Federal Bank forced Iraq to stop dealing in the Chinese yuan currency, arguing that there is manipulation of some remittances or certain problems,” committee member appointed Al-Kazimi said in a press statement. He said, “a lot of decisions from the central bank have to be imposed by the US Federal Bank,” he said.
Al-Kazmi pointed out that “Iraq’s funds, as we know, are placed in the US Federal Bank as a result of the sale of oil by 3.5 million barrels per day, and these funds enter the US Federal Bank and are not transferred to Iraq in cash, but are transferred to Iraq through transfers issued by the Central Bank. The Federal Bank is notified, and then the Federal Bank is convinced of this transfer and commercial transaction, on the basis of which amounts are issued to the concerned authorities exporting Iraq.”
He pointed out that “many of the measures of the Central Bank are governed by the American will, and this will may be explained for administrative and financial reasons and not financing terrorism and others,” believing that “the reasons are political with the aim of pressuring the Iraqi government,” as he put it.
Regarding the impact of de-exalation in the Chinese currency, Kadhimi pointed out that “the trader and the central bank have multiple options and do not only deal on the dollar, so this suspension is temporary and not permanent.”
As for what the Parliamentary Finance Committee will do in this regard, the member of the committee explained, “We will call on the Central Bank to address the issue and that the basket of currencies be diversified, so that the options are more options for the Central Bank and for Iraqi traders.” It is noteworthy that Iraq has strengthened its yuan-denominated assets through the Singapore Development Bank to finance Iraqi trade and imports with China by about $12 billion annually. Iraq also moved to strengthen its assets in UAE dirhams and negotiated to increase its euro-denominated assets to finance trade with the European Union, as well as Iraq began opening bank accounts in Indian rupees for a number of Iraqi banks. Since the beginning of 2023, the Central Bank of Iraq has issued several decisions that will maintain the stability of the general monetary and economic situation and face the risks of the fluctuation of the exchange rate of the Iraqi dinar against the US dollar, in addition to facilitating import and export operations by opening new horizons with international banks, including China’s banks.
One of the decisions of the Iraqi Central Bank is to strengthen the balances of Iraqi banks, which have accounts with Chinese banks, in Chinese yuan, where dealing in the yuan directly without brokeration of the US dollar contributes to facilitating and accelerating financial transactions, and will reduce import costs and protect against the risk of fluctuating exchange rates inside Iraq.
