"HUGE: IRAQ IS DOING EXACTLY WHAT THEY SAID THEY WERE GOING TO DO SPECIALLY ON THE RECLASSIFICATION OF IQD" BY FREEDOM FIGHTER, 8 AUGUST

GOLDILOCKS

"Please inform us if electronic payment service providers, exchange companies of category (A, B) and brokerage companies have sold and bought foreign currencies by issuing a card/wallet or conducting any financial transfer, whether internally or externally, through the companies (Western Union, Money Gram) for the convict (Safaa Faisal Adhab Al-Amiri)."

Did you notice the new categories for Exchange in Iraq? They used to use categories c & d. Now, they are checking on their a & b categories utilizing an electronic exchange company or broker to see if new protocols are being followed.

Exchange companies have currently gone through the process of integrating new Capital requirements and connections to Banks that were not in place before.

Exchange companies have to hold enough money to cover foreign currency exchange transactions taking place, and they are being required to follow many of the technical/digital exchange protocols that you would see at a Bank. 

Please read the overview of a/b categories in the link provided to you below. The a/b categories have an exchange rate of 2 to 5% fee for the exchange, and they are utilized on securities that are newly merging into the Digital Finance System a person is exchanging their Securities.

As you can see, there are many steps to reforming the foreign currency exchange system taking place. I am aware of a few more steps, and we will talk about them as we approach them going forward.

© Goldilocks

https://cbi.iq/news/view/2634

https://carpenterwellington.com/post/an-overview-of-a-b-exchange-offers/ 

https://www.linkedin.com/pulse/new-shift-exchange-companies-sector-faizan-imtiaz 

FREEDOM FIGHTER

🟢HUUUUUUUUGE 

And Goldilocks showed us in May this was coming and here it is.  I will share the proof later how Iraq is doing exactly what they said they were going to do specially on the reclassification of IQD

👇👇👇👇

Here it is from May 19th shared by Goldilocks that by the end of May Iraq was looking to reclassify the Dinar from category C to A/B 

🟢NOW COMPLETE and TESTING to confirm the EXCHANGE institutions are conducting the exchanges under the new reclassification status 

And may share MORE PROOF on why Western Union and Money Gram is so important 

🔥 Iraqi Dinar 🔥 That's Beautiful 🔥 Today IQD Value to Dollar RV News Gur...

Parliamentary Integrity Committee prepares to question the Governor of the Central Bank of Iraq, 8 AUGUST

 Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed on Thursday that his committee has been following up for more than a year on the file of ending the assignment of the Governor of the Central Bank, Ali Al-Alaq, from his position. 

Al-Salami explained to Shafaq News Agency that the committee addressed the Prime Minister several times to pressure him to end Al-Alaq's assignment, due to the existence of many violations against him.

He added that the government program announced by the Prime Minister when forming the government includes the necessity of ending the management of positions by proxy after six months of forming the government, noting that Al-Alaq is still managing the position by proxy without any action to cancel his assignment so far.

Al-Salami pointed out that there are many files and violations related to the Central Bank, which have been referred to the Integrity Commission and the Public Prosecution, indicating that these violations include issues related to the lack of control over the exchange rate in the market, in addition to millions of dollars and interest received by Arab and foreign banks, including Jordanian banks.

He revealed that the Acting Speaker of the House of Representatives approved the request to host the Governor of the Central Bank in the upcoming sessions, noting that there are many questions that will be put to the Governor during the hosting session.  

In contrast, the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, told the official Iraqi News Agency that meetings will be held with the Federal Reserve and the US Treasury Department at the end of this August to review aspects related to foreign transfer operations and discuss the sanctions imposed on some banks. 

Al-Alaq confirms the success of the Central Bank in leading the steps related to foreign transfers and selling the dollar.  link

"IRAQI DINAR RATE THAT IS CONSIDERING IRAQ: 1 IQD = $1.32 USD, BY GOLDILOCKS, 8 AUGUST

GOLDILOCKS

"The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity."

This decision is currently shrouded in political conflict, this is seen as a move to gain popularity by many in the region of Iraq. 

Although this is going to be a reality due to many of the changes in their monetary policies, there are those who still do not want any changes to Iraq's currency. 

The important thing to note in this article is that a rate is being considered. It is also needed due to more countries getting involved in their economy that will require them to raise their current Dinar rate to level the playing field in trade. 

If you look closer at the numbers written into this article, you will notice that the first move on the Dinar would be to drop the three zeros. It makes things very clear what they mean by such a change in their rate. 

Meanwhile, Iraq has agreed to implement their economic reforms this year. They are working with the IMF in this process.

© Goldilocks 

https://www.jpost.com/middle-east/article-791161

LATEST FROM RAYREN98, 8 AUGUST

RayRen98

   [via Babysmom] 

  I'M HEARING THAT A TECHNICAL ISSUE PREVENTED LIVE RATES ON YESTERDAY. THAT ISSUE
IS EXPECTED TO BE RESOLVED TODAY...IF WHAT THEY ARE TELLING ME IS TRUE...SOME OF YOU ARE GONNA GO TO SLEEP WEALTHY $$$$$$...

RayRen98

  ...SOURCES ARE SAYING THAT THE RV WAS SUPPOSED TO HIT THE BANKS ON SATURDAY...THE CURRENT STATUS IS "HIGH ALERT" AND SOME HAVE REPORTED TO WORK EARLY THIS EVENING. TIME WILL TELL

RayRen98 

  3 LETTERS ARE "TALKIN" BUT I AIN'T "LISNIN" UNTIL I SEE SOME RESULTS! LOL THEY ARE LOOKING AT TONIGHT.

 RayRen98  

 [via Babysmom]   "SOME BANKS ARE SEEING A HIGH SELL RATE ON THE DINAR BUT SAY THEY CAN'T SELL IT YET...WAITING ON APPROVAL/CLEARANCE"

RayRen98 

  WAS JUST INFORMED BY A 3 LETTER... IF NOTHING CHANGES, BANKS WILL SEE LIVE RATES IN THE MORNING. TIME WILL TELL.

RayRen98

  IT IS BEING REPORTED THAT AN "ATTEMPT TO RELEASE" WAS UNSUCCESSFUL EARLIER TODAY... STANDBY...WHEN WE HEAR MORE, SO SHALL YOU.

---

NOTICE: ALL SYSTEMS ARE "GO" FOR TODAY...LET'S SEE WHAT HAPP...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/rv-update-by-rayren98-3-august.html

 

Iraqi Dinar Guru News Highlights (8/8/24)

Israeli assassinations escalate tensions: Iraq’s stability at risk, 8 AUGUST

 Shafaq News / Recent Israeli assassinations of key figures, including Hezbollah’s top military commander Fouad Shukr in Beirut and Hamas’s political leader Ismail Haniyeh in Tehran, have heightened regional tensions and put Iraq’s stability in jeopardy. These attacks threaten major escalation across a Middle East already volatile from last year’s Gaza war, according to a US Stimson Center report. 

The assassination of Haniyeh in Tehran has significantly shaken the confidence of Iran-aligned Iraqi leaders in Iran’s ability to ensure the safety of visiting dignitaries. A prominent Iraqi official noted, "The inability of Iran to protect Haniyeh has led to doubts about Iran's security assurances." The Islamic Republic of Iran and Hezbollah are expected to respond, though the timing and nature of their actions remain uncertain.

Due to Iraq’s strategic location and the presence of US troops, the country risks becoming a focal point if the conflict widens. On August 5, a rocket attack on the Ain al-Asad base injured several US servicemen, further escalating tensions. Given Iraq’s fragmented political landscape and the influence of “pro-Iran militias,” the potential impact of a broader regional conflict could be severe.

Based on the report, Prime Minister Mohammed Shia al-Sudani faces challenges in navigating this crisis while attempting to keep Iraq neutral amid the proxy war between Iran and the US Despite efforts to mediate regional conflicts and improve ties with Sunni neighbors, al-Sudani's government struggles with internal and external pressures. The planned $17 billion Development Road project, aimed at transforming Iraq into a regional trade hub, faces uncertainty due to ongoing regional tensions and Iranian opposition.

While al-Sudani successfully brokered a tentative truce earlier this year, recent events, including the rocket attack on August 5, cast doubt on the truce's durability. The Iraqi government condemned the attack, but it remains to be seen how such statements will affect Iraq if US retaliation occurs.

Moreover, Arab Gulf states have shown increased willingness to invest in Iraq to bolster its economic recovery and reduce Iranian influence. However, a full-scale regional conflict could undermine these efforts and jeopardize Iraq's progress.

The report further revealed that despite some pro-Iran factions in Iraq expressing hesitation about retaliation, Iran's strategic interests in Iraq remain intact. Tehran’s approach aims for a stable yet strategically beneficial Iraq that facilitates the transfer of arms and funds to Hezbollah via Syria. Although the recent assassinations demonstrate Israeli intelligence superiority, Iran’s fundamental strategies are unlikely to change. The risk of escalating violence remains, with potential repercussions for Iraq’s stability.

As the region braces for potential Iranian and Israeli responses, de-escalation efforts led by the US and other powers, including a durable Gaza ceasefire, are crucial to mitigating the impact on Iraq’s fragile stability.

Disclaimer: The views expressed in this article do not necessarily reflect the standing of Shafaq News Agency.