RV UPDATE BY MNT GOAT, 8 AUGUST

 Mnt Goat 

  ...what is actually occurring between the CBI, the Feds and the US Treasury.  If you read the headlines today you might begin to panic...you might say things are looking really bad for Iraq. But I assure you that this is all actually VERY GOOD news for us investors... this recent move by the US Treasury was made for the benefit of the currency reform process so that they could move to the next step of the currency reform once these issues are fixed...

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US TREASURY TAKES CONTROL OF IRAQ’S CENTRAL BANK TO COMBAT MONEY LAUNDERING

Three informed sources close to the political and parliamentary decision-making process in Baghdad revealed extremely dangerous information confirming that the US Treasury Department has taken a permanent headquarters in the Central Bank of Iraq building. 

They considered that this step came as a result of the great pressures on the Iraqi banking system with the aim of limiting money laundering and dollar smuggling, as  the governor of the Central Bank was forced to allocate an entire floor for US Treasury departments to monitor money transfers and prevent any illegal activities.

The three sources confirmed that a team of American employees is working permanently at the Central Bank of Iraq, as part of intensive efforts to ensure Iraq’s commitment to international standards for combating money laundering and terrorist financing.

(My CBI source confirmed to me on Saturday that a team of American employees from the US Treasury are working permanently at the Central Bank of Iraq and will be there for a long time to come. The question is how does this affect the timing of the RV? I will explain below in the RV Status. Full article in the articles section.)..FOR READ MORE:  US TREASURY TAKES CONTROL OF IRAQ’S CENTRAL BANK TO COMBAT MONEY LAUNDERING Three informed sources close to the political and parliamentary decision-making process in Baghdad revealed extremely dangerous information confirming that the US Treasury Department has taken a permanent headquarters in the Central Bank of Iraq building. They considered that this step came as a result of the great pressures on the Iraqi banking system with the aim of limiting money laundering and dollar smuggling, as the governor of the Central Bank was forced to allocate an entire floor for US Treasury departments to monitor money transfers and prevent any illegal activities. The three sources confirmed that a team of American employees is working permanently at the Central Bank of Iraq, as part of intensive efforts to ensure Iraq’s commitment to international standards for combating money laundering and terrorist financing. (My CBI source confirmed to me on Saturday that a team of American employees from the US Treasury are working permanently at the Central Bank of Iraq and will be there for a long time to come. The question is how does this effect the timing of the RV? I will explain below in the RV Status. Full article in the articles section.)

Iraqi Dianr News Today - Al-Alaq Resignation: Economic Setback or Progre...

The Iraqi Trade Bank invites exchange companies to participate in the dollar sale window, 8 AUGUST

 Shafaq News / The Iraqi Trade Bank on Wednesday invited all licensed exchange companies to participate in the cash dollar sale window to travelers.

In a statement today, the bank called on all exchange companies for the two categories (A, B) licensed by the Central Bank of Iraq to review its branches to open a special bank account to participate into the window of buying and selling foreign currency for the cash dollar for travelers.

It is noteworthy that on July 4, 2024, the Central Bank of Iraq decided to start selling the dollar to passengers, exclusively through corporate outlets and banks at international airports.

Meanwhile, the central bank has decided to give A-B-class exchange companies the ability to register internal and external remittance activities via the FITR platform.

https://shafaq.com/ar/اقتصـاد/المصرف-العراقي-للتجارة-يدعو-شركات-الصرافة-للاشتراك-في-نافذة-بيع-الدولار

RV UPDATE BY BREITLING, 8 AUGUST

 Breitling  

 [Iraq's] policy has changed for the very first time since we've been in this...speculation together.  The policy is going to change on either side of the aisle...Iraq is going to be punished if they keep moving forward here [moving more and more pro-Iranian].  That's not good.  That's not positive for us.  

 The Untied States is trying to influence [Iraq] to do the right thing.   Hopefully they will do it and everything will be hunky-dory.  Well the reality is IMO if the CBI had that influence it would have been done already.  That's the problem.  That's why I'm in the neutral zone.  It sucks because I put my heart and soul into this.  Don't think for a minute I don't feel it because I do...This could mess up the timeline and push it back, maybe even permanently if Iraq can't handle these financial problems.

🔥 Iraqi Dinar 🔥 Magical RV 🔥 Today IQD Value to Dollar RV News Guru Upda...

UrgentCentral Bank Governor: No direction to reconsider dollar exchange rates and we are going through a major transformation process, 8 AUGUST

 Central Bank Governor Ali Al-Alaq ruled out a change in dollar exchange rates.

Al-Alaq said in the most prominent press interview with him:

– There is no tendency to reconsider the dollar exchange rates

– The central bank sells more than $250 million daily at the official rate

– The bank covers foreign trade requirements and some do not want fundamentalist methods

– The view that the dollar price has risen or fallen is not a true indicator

– We succeeded in controlling inflation compared to other countries

– We will reach 100 percent of the external shifts without passing the US Federalist at the end of this year

– The financial situation in Iraq is still going within what is planned in the state budget

– For the first time, under the new budget and financial management law, the allocations of the provinces and ministries are rotated

– The central bank is in a major transformation process by reorganizing foreign trade

– Our foreign trade procedures are being conducted for the first time with the involvement of international institutions

– The presence of small traders outside the system is a pressure on the market and is nearing the launch of a mechanism to regulate their trade

– We focus on getting everyone involved in sound fundamentalist channels

– Central Bank opens channels for Chinese, Turkish, Indian and Emirati currency

– Near the launch of a new audit mechanism for foreign exchange trading

– All commercial external transfers are subject to review by the competent international company

– Meetings in New York at the end of August to discuss the lifting of sanctions on banks and review transfers

– Dollars are not granted to the traveler until after the departure stamp

– The new mechanism ensures the arrival of 100 percent dollars for the traveler and we started it in Baghdad and then Najaf, Basra, Erbil, Sulaymaniyah and Kirkuk

– Government orientation to increase capital support for the real estate bank and the housing fund with the budget

– The bank’s initiatives have an exceptional role in trying to fill the deficit in the subject of housing

– The capital increase clause for the real estate bank and the budget housing fund has not been implemented yet

– We do not want bank financing to be a substitute for investor obligations

– The real estate bank directed us to finance complexes with completion rates from 80 to 90 percent

https://alforatnews.iq/news/محافظ-البنك-المركزي-لا%C2%A0توجه-لإعادة-النظر-بأسعار-صرف-الدولار-ونخوض-عملية-تحول-كبرى

LATEST FROM PIMPY, 8 AUGUST

 Pimpy 

 The Central Bank of Iraq was forced to allocate an entire floor to the US Treasury department to  monitor money transfer operations and prevent any illegal activities.  Talk about a very clear violation of Iraq's sovereignty.   This is how bad things have gotten...The United Staes has now taken up permanent residents within Iraq's central bank...  

Pimpy 

 It [the Iraqi dinar] is going to go up in value.  There's no doubt about it.  But how they go about it is something totally different.  Is it worth the investment?  I think so or I wouldn't even own it...

Pimpy 

 Community Comment: "Why do you think Iraq has been dragging its feet? 

 It's because Iraq has been FIGHTING to RAKE IN all the dinar that is OUTSIDE THE COUNTRY!  Once they got, let's say 95% of it, then they are ready to reinstate the value of the dinar to its old glory days."  

Why?  They don't have to do that.  There's no sense in doing that.  They could just do it anyways after they delete the zeros.  So no they don't have to wait to do that.  They can just reinstate it anytime they want to.

 The news continues to be good for Iraq.  This is what we want to hear.  We love that they're  continuing with the reforms as well as aiming to improve the quality of life for the Iraqi p..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/rv-update-by-pimpy-4-august.html