Friday, July 12, 2024
ANALYSIS OF IRAQ NEWS: "THE IMPLEMENTATION OF COMPREHENSIVE BANKING SYSTEM IN DIYALA" BY MNT GOAT, 12 JULY
A NEW BRANCH OF RAFIDAIN BANK APPLIES THE COMPREHENSIVE SYSTEM.. THIS TIME IN DIYALA
Rafidain Bank announced today, Wednesday, the implementation of the comprehensive banking system in Diyala.
The bank’s media office stated in a statement that “in implementation of the government program to move from paper transactions to electronic transactions to provide the best services to citizens, the comprehensive banking system has been implemented in the Baladruz branch in Diyala, thus joining the branches that have activated the comprehensive system in Baghdad and the governorates in addition to the border crossing branches (Zurbatiya – Safwan – Arar – Trebil), so that the number of effective and completed branches of the system becomes (32) branches in an important step to strengthen the banking system and achieve its requirements and leave paper work and move completely to electronic systems.”
The bank confirmed that “the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the scheduled timings to include all branches of the bank in the implementation of the system, especially since the priorities and adoptions of the government program include electronic transformation in financial transactions, reducing the circles of routine for citizens, shortening time, simplifying procedures, overcoming obstacles, and intensifying efforts to improve the level of services provided to customers and completing their transactions.”
LATEST FROM WALKINGSTICK, 12 JULY
Walkingstick
All the sales of oil are now in Iraqi dinars and no longer in American dollars...The National Oil Company of Iraq will now receive the Iraqi dinars, through them, into the banks of Iraq for the GOI to use. No foreign currency. Nobody stealing foreign currency or their currency. Security and stability is because of the control Sudani has.
Walkingstick
The monetary reform is secured by the reserves. The reserves that back up the currency is the control that the CBI and Saleh is talking about when he says we have a strong exchange rate at 1320 because he can control it and he can change it at any time he wants. He's not just talking about what they know they have...the billions and billions of dinar that were brought back but it also includes all the tapped sources and untapped sources, gold, phosphate, oil, diamonds, etc etc, each one of these categories alone can support the monetary reform.
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If they float the dinar it will be in a very tight band. If it's a low rate, if it's a dollar then they'll float and it'll drive the rate up. But if they come out at an RI, reinstatement of $3.22 and then the float, then they're going to have some serious very tight banks on the float. It will be monitored very closely. It will only allow it to be a plus or minus of 5%. It cannot go any further than that in the float.
For example, don't let it get past maybe $3.50...They will cap it quickly...
[Iraqi bank friend Aki update]
The CBI board of directors decided...to hold meeting with only all of their executives of all their banks...These two or three meeting are going on...
This is on the subject of the monetary reform, lower notes, exchange rate, budget ... These next few days are going to be very silent. The press will not cover it. No one will know anything about it. They will suppress this information...This silence is normal and to be expected right now. [Aki] has seen this quietness before when the CBI was getting ready to make a major move.
https://dinarevaluation.blogspot.com/2024/07/latest-from-walkingstick.html
"WTO ACCESSION!!!" BY FRANK26, 12 JULY
KTFA
FRANK26: "WTO ACCESSION!!!".............F26
From the Director of the Assessions Division of the WTO:
#Iraq's Working Party will be formally resumed on 18 July after 16yrs. Had a productive prep meeting w/ 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.
What can we investors do to help the RV situation? BY MNT GOAT, 12 JULY
What can we investors do to help the RV situation?
We must now buckle down and pray and pray like never before for the success of Al-Sudani and his agreements with Washington are implemented. You do want the RV don’t you? Pray for Iraq and also the U.S. in that there are strong enough representatives in Congress and the Senate who will stand up and continue to fight to uphold the US Constitution and keep fighting this Washington corruption.
Pray that that God’s Hand will intervene and save our great country. Remember you can say the Rosary daily or use the prayers and links I provided from the Auxilium Christianorum for your prayers. Of course there is also your own form of prayer too. Folks your prayers so far ARE WORKING and God has heard our cries.
Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now in 2024 the spigot is wide open the final issues preventing the reinstatement are being dealt with one by one. Can you see it too. I am trying my best to help you see it. We don’t’ need this foolishness of this speculative crap or everyday / any day garbage intel confusing us.
You think this is all just coincidental? God’s Hand is at work here. He has given Iraq his anointed leader Al-Sundani to help in his work. Even I have to sit back in amazement of what he has accomplished so far. Pray for him and all his success. Let see what July brings us.
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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RayRen98 BANK STAFF RECEIVED "GET READY" MEMOS THIS MORNING, THEY'VE BEEN EXCITED ALL DAY! Nader From The Mid East Y...