Wednesday, September 25, 2024
Coffee with MarkZ and Andy Schectman. 09/25/2024
"THE IRAQ DINAR RATE CHANGE" BY REINALDO JC, 25 SEPT
The Iraq Dinar Rate Change
(receipts) *Iraq 2024 Budget is Currently Suspended Unconstitutional, Now Going Through An Appeal Per Federal Court-Delaying It on Purpose(Scripted) Along With {“World Wars”In The Middle East & Financial Events…Stock Markets/Fake Fiat} [waiting on Israel/US to attack Iran Nuclear Plant]. *The Budget #4782 Is Still Not Printed On The Gazette(that’s great news). We Want It On The Gazette After The Dinar Rate Changes. *WTO Final Steps Meeting in Nov Towards Full Ascension By End Of Yr. *U.S Troops Will Begin Withdrawing From Iraq This September. (Trump Mentioned They Wont Leave Iraq Until They Get Paid In Full-Hmmm). *BRICS Summit Scheduled This Oct. Iraq Will Be Part/Joining of BRICS. (TRADABLE CURRENCY NEEDED). *The Iraq General Population & Housing Census Scheduled To Be Conducted In October(After 27yrs). Head Count Needed For Financial Disbursement From The HCL-AFTER RATE CHANGES. *U.S. Treasury Dept Took Over Iraq Central Bank(CBI) To Get This Monetary Reforms Done & Over The U.S. Wants To Get Paid Now!!! *Possibility Of Trading Oil With Iraq Dinars. *Court Rules XRP Not Being A Security Which They’re Also ISO-20022 Compliant & Paired with the IQD. *Iraq Will Remove The Three Zeros Due To Historic Low Inflation, Political & Economic Stability-(iraq is very stable)-New Dinar Lower Currency Notes incoming. *Iraq Banking System is Basel lll Compliant. Iraq Dinar Currency Has Been ReClassified From C to A&B. Stated Directly From The CBI (in other words Iraq banking system is world class TOP NOTCH). *CBI Governor Ali Mohsen Al-Alaq Had Meetings With The Federal Reserve/U.S. Treasury Department This Week To Resolve Final Issues Including Lifting Sanctions On Iraq Banks (i wonder why). *Iraq Has Been Removed From The Grey List of Money Laundering. *The Ministry Of Education/Council Of Minister Has Set September 22 as The Date For The Start Of The 2024-2025 Academic Year(aligning w/middle year fiscal budget). *Baghdad International Airport Was Just Reopened To The Citizens On Aug 17th. After An Unspecified Duration Of Being Closed (why now). *Iraq Has Accomplished These Following Steps For Its Reforms In Order To Reinstate The Dinar: -Economic Stability -Political & Security Environment -Effective Implementation -International Support *The Central Bank of Iraq Will Cancel The Dollar Transfer Platform By The End Of This Year(no more $ auction-no more corruption stealing). **Iraq Central Bank(CBI) Gave Their Outlets/Partners Instructions On How To Advance Train Their Employees On Foreign Currency Exchange Procedures. **(History)-The Central Bank Of Iraq Introduced The New Iraq Dinar Currency In October 15, 2003 {the rate changed in september 03} & The Currency Exchange LASTED For ONLY (3) Months Until Jan 15 2004. *Most Likely, You’ll Have 90 Days From The Day The Rate Changes To Exchange Your Iraq Dinar Currency(imo). *The Late Dr Shabibi Governor of Iraq Central Bank From 2003-2012, Stated That Iraq Can Only Change The Currency Rate In The Beginning Or The Middle Of The Year. (that is Iraq financial MIDDLE of the Yr) *Iraq Internal Financial Budget Runs From {April-March}-jeff **Therefore, Iraq Financial MIDDLE Of The Year Would Be OCTOBER. *New Middle Yr Financial Budget Period is {October}. Therefore, Iraq Budget Would Need To Be Constitutionally Active With A New Exchange Rate To Be Implemented BEFORE Oct. *The Month of September Is a Highly Known Historical Possibility of Rate Changes. *Al-Sudani Openly Stated To The Citizens Of Iraq, That They Will Receive Their Purchasing Power(“ratechange”) In 2024, Swearing On Allah Himself. (PREDICTION) {imo} *It’s All Lining Up For Us Dinar Investors To Finally Be Financially Blessed This Year in 2024 Rate Change Anywhere Between {Mid September-Mid October 2024} -Pros And Cons.. Why Doesn't The Central Bank Delete 3 Zeros From The Iraqi Currency?, 25 SEPT
Economy 2024-09-24 | Source: Alsumaria News 2,509 views Alsumaria News – Economy
Economist Nabil Al-Marsoumi said today , Tuesday, that the process of deleting zeros from the currency means replacing a new currency with the old currency with the aim of simplifying the calculation process among consumers, and countries that suffer from high inflation often resort to it and have become unable to deal with paper currencies of very weak value.
Al-Musumi mentioned in a blog post followed by Al-Sumaria had previously implemented News that 54 countries at different times the deletion of a group of zeros from their local currencies due to some of the positives resulting from such a procedure, represented by
re-evaluating the national currency,
simplifying financial transactions, and
streamlining currency units as a necessary condition for reducing accounting numbers and
facilitating accounting. The
cost of managing large numbers new and the
lack of small numbers. He added,
although the issue of deleting 3 zeros from the Iraqi currency has been receiving attention and study from the Central Bank since 2007, the bank has not yet taken such a measure due to the lack of two important conditions: the first is the instability of the dollar exchange rate against the Iraqi dinar and the
second is political instability.. In addition to the
disadvantages and risks resulting from it:
First: The process of deleting the zeros is not a magic solution to the problem of inflation, but rather a formality whose purpose is to give momentum to the Iraqi economy.
Second: Influencing the behavior of consumers and producers, economic variables, and economic relations between Iraq and other countries.
Third: Deleting the zeros is an imaginary change in the value of the currency and does not change its purchasing power.
Fourth: It is possible that people will panic and give up their dollar savings and replace them with the Iraqi dinar, which will lead to a large and sudden growth in the monetary supply, which will undermine monetary stability. Iraqi currency
Fifth: The large costs resulting from printing the new.
Sixth: The emergence of corruption in the process of getting rid of old currency or introducing counterfeit currencies and trying to replace them with the new currency, in addition to the occurrence of money laundering operations.
Seventh: The decision will not affect the competitiveness of Iraqi goods against foreign goods because the majority of transactions are carried out in dollars.
Eighth: Deleting the zeros will create social problems at this stage due to the inability to convince the public to accept the decrease in the size of the monetary mass while acknowledging that the true value of the money is not affected.
The issue relates to the mind and memory preservation of large amounts, in addition to the difficulty of settling commercial and personal contracts and agreements.
CMKX PERSPECTIVE OF AL HODGE VIA GINGER TELEGRAM ROOM, 25 SEPT
💢Ange Kat, Liberty Lounger Extraordinaire, adds to our learning! HUGE THANKS!
💢Ange Kat: CMKX perspective, following Ginger's-Chronicles Part 14 ✅⬇️
Al Hodges [voluntary legal claimant + invested] describes the experience. Look at dates 2014. These people have been waiting a long time for the GCR but rings true.
https://cmkxunofficial.proboards.com/thread/10876/hodges-associates-12-25-update
Evening News with MarkZ and Zester. 09/24/2024
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