Financial expert to Iraq Observer: Western Union has set a ceiling for its money transfers from Iraq and has not stopped them completely

 Financial and banking expert Mustafa Hantoush believes that Western Union Banking Company has set a ceiling for sending money transfers from Iraq and has not suspended them permanently.

Hantoush told Iraq Observer, “Western Union has reduced the size of its money transfers. For example, instead of transferring an amount of $1,000, it will become $500.”

He added, "The Central Bank has not issued any official statement regarding the suspension of Western Union Company for money transfers from Iraq," noting that this information must be verified from its primary source, which is the Central Bank."

Local news agencies reported that the world's largest money transfer company, Western Union, has stopped its money transfers from Iraq without providing further details, at a time when the dollar is witnessing a continuous rise. Meanwhile, a prominent financial source who preferred to remain anonymous told Iraq Observer that the matter is related to setting a ceiling for money transfers issued by Western Union from Iraq, ruling out a final halt.

The financial markets in Iraq are witnessing a state of instability in the exchange rate of the dollar against the Iraqi dinar, as it has been approaching 150,000 for days, in anticipation of the visit of the Governor of the Central Bank of Iraq to the United States of America.

Economic researcher Ziad Al-Hashemi said in a tweet on the X platform: The governor of the Central Bank was sent to New York to discuss the issue of the failure of yuan transfers to China, which the Central Bank relied heavily on to sell dollars and provide the dinar needed to feed the government’s finances.

He added: The causes of the problem remaining unresolved and the strong parties hovering around the Central Bank and searching for the dollar, without accountability, neutrality or internal Iraqi restrictions, will make all the pledges that Al-Alaq will present without any real value, as the same person has previously presented the same pledges throughout the past ten years, and the same problem is still ongoing without a solution, according to him.  link

RV UPDATE BY MIKE BARA, 14 JULY

 MIKE BARA

This is what we know so far: President Trump was shot near the right ear. The shooter was on the water tower. He was taken down by the FBI. One spectator was hit and probably killed. The shooter is dead. It was a Ruger 10–22 rifle. President Trump is pissed off.

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LATEST FROM MIKE BARA

"Bondholder" has not been paid, but it is "being processed." Expects an update or confirmation tonight. I will keep you posted.

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💢 Exciting update posted by Mike Bara on July 4, 2024 

💢Mike Bara: UPDATE

  Exchanges are taking place at major banks with branch managers and wealth managers. Dinar, Dong and Rupiah are being exchanged. Zim and Bolivar can only be exchanged at Redemption centers. The rates on Dinar are $2.93 as of today, $2.21 on Dong. No rate on Rupiah. 

Exchange has taken place, and 10% of monies are spendable today. Currencies were set up in separate accounts. New debit card issued for new funds. No NDA. Recipient will return in "72 hours" (Monday) to finish the process. This implies rates will be public when Forex goes live or shortly thereafter. Also implies funds released on Monday will be gold backed. We are very, very close.

💢 FOR THOSE OF YOU WHO LISTENED TO GINGER'S CHRONICLES OF AN AMBASSADOR PART 12, this will make some sense to you. This fits with her Gintel 😉😁🥳

https://dinarevaluation.blogspot.com/2024/07/exciting-update-posted-by-mike-bara.html

Stocks At ‘1929’ Peak; 'Storm' About To Hit, Force Fed Capitulation | Ta...

Foreign Minister from Washington: US Treasury positively assessed Central Bank's efforts

 Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein confirmed that the US Treasury Department evaluated the efforts of the Central Bank positively, while indicating that a military delegation will visit Washington to hold security talks.

"Our visit to Washington was to attend the NATO summit at the invitation of the US side, and on the sidelines of the summit we held intensive meetings with leaders of several countries, and we held a meeting with the US Treasury to discuss issues related to monetary policy and banking signs," Hussein said in a press conference held in the US capital Washington, attended by the Iraqi News Agency (INA).

He added that "the US Treasury positively evaluated the efforts of the Central Bank," indicating that "a military delegation will visit Washington to hold talks on the security agreement concluded between Iraq and the United States."

He continued: "We discussed the future of the international mission in NATO meetings in cooperation with the Iraqi Ministry of Defense."  link

RV/GCR In Plain Sight: A Financial System Tsunami is Now on the Horizon BY AWAKE IN 3D, 14 JULY

Critical shifts are set to redefine currency values worldwide and the key events happening now will trigger a Global Financial Reset

In This Article

• Overview of RV/GCR Purpose
• Structural Framework and Implementation
• Key Components and Their Roles in the Unfolding Financial System Shift
• GCR Triggers and Future Prospects
• The Premiere of the “Endgame GCR” Podcast by Awake-In-3D and Marie G.
• 
  

The RV/GCR – Global Currency Reset (GCR) and the Revaluation of Currencies (RV) – are pivotal topics gaining traction in financial circles.

This article explores their fundamental components, structural intricacies, and the triggers that might set them into motion.

Overview of RV/GCR Purpose

The Global Currency Reset (GCR) represents a shift in the global financial landscape, aiming to recalibrate currency values and establish a more balanced economic framework. The Currency Revaluation (RV) pertains to the significant adjustment of currency values, reflecting their true market worth.

GCR is not an overnight phenomenon but an accelerating shift involving multiple layers of processes. Although the general public may not witness its unfolding, it incrementally transforms the global financial system.

There is a common expectation of sudden, dramatic changes; however, the reality is that substantial infrastructure and events must unfold gradually.

Structural Framework and Implementation

The GCR requires a comprehensive infrastructure, involving coordinated efforts across different countries and sectors.

Establishing an alternative financial system is pivotal. This system should be more equitable, transparent, and fair, replacing the existing debt-based fiat currency system.

Gold as a Key Component

A gold-backed system is considered a stable and reliable store of value, given gold’s universal intrinsic value. A partial backing (30-50%) by gold is deemed practical, providing stability while allowing flexibility for crisis response through debt or bond issuance.

Key Components and Their Roles in the Unfolding Financial System Shift

Alternative Financial Systems and Blockchain Technology

Modern economies demand efficient, cost-effective methods for currency movement and payment processing.

Blockchain and FinTech emerge as critical players, offering increased efficiency and reduced costs through peer-to-peer transactions, bypassing traditional banking intermediaries. These technologies represent the next evolution in financial systems, much like paper checks and ATMs in the past

DeFi (Decentralized Finance)

DeFi allows for a free market operation, unlike central bank-controlled digital currencies (CBDC). It utilizes blockchain, smart contracts, and transparency, operating on a global scale without jurisdictional constraints.

Key Components and Their Roles in the Unfolding Financial System Shift

Alternative Financial Systems and Blockchain Technology

Modern economies demand efficient, cost-effective methods for currency movement and payment processing.

Blockchain and FinTech emerge as critical players, offering increased efficiency and reduced costs through peer-to-peer transactions, bypassing traditional banking intermediaries. These technologies represent the next evolution in financial systems, much like paper checks and ATMs in the past.

Codes Inserted & Locked In!🚩RV/RI Green Light is Imminent Now?🤔Dinar RV ...

Iraqi military delegation visits Washington regarding security agreement

 Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein revealed today, Friday, that an Iraqi military delegation will soon visit Washington to hold security talks.

Hussein said in a press conference held in the US capital, Washington, that "our visit to Washington was to attend the NATO summit at the invitation of the American side, and on the sidelines of the summit we held intensive meetings with leaders of several countries, and we held a meeting with the US Treasury Department to discuss issues related to monetary policy and banking signs."

He added that "a military delegation will visit Washington to hold talks on the security agreement concluded between Iraq and the United States."

He continued: "We discussed the future of the international mission in NATO meetings in cooperation with the Iraqi Ministry of Defense."  link