"THIS SUGGESTS SOMETHING HAPPENS TO THE EXCHANGE RATE OF THE IQD" BY FRANK26, 12 OCT

 KTFA

FRANK26: "THIS SUGGESTS SOMETHING HAPPENS TO THE EXCHANGE RATE OF THE IQD"........F26

Trade: Hypermarket prices will be 20 percent lower than market prices

10/10/2024

 

 Baghdad
 

The Ministry of Trade announced, on Thursday, the opening of 3 hypermarket marketing centers within the next two weeks in Baghdad, while indicating that the prices of materials in the hypermarket will be 20 percent lower than the market.

The Director General of the General Company for Foodstuff Trading at the Ministry, Lama Hashem Al-Moussawi, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the General Company for Foodstuff Trading has completed the installation of the system for the hypermarket project, and within the next two weeks, the materials will be opened and sold in cooperatives on a trial basis for 14,000 models of most of the canned soft and dry foodstuffs, as well as some household items," indicating that "(80-90)% of these materials will be food items of the finest types and the best companies."

Al-Moussawi added, "The prices of chicken, fish, and fresh, tender meat will be appropriate and 20% lower than the prices in local markets."

She pointed out that "the General Company for Foodstuff Trading completed today three hypermarkets in (Al-Dabash, Sadr City, and also in Al-Rusafa), and we also started three other sites in Baghdad, which are in the housing area, the Mashtal area, and in Kasra and Atash within Sadr City," stressing that "work will also be carried out on all sites and governorates without exception."

LINK

TIDBITS FROM BRUCE, 12 OCT

 Bruce: On Tues. 15 Oct. 

Tier 4b (us, the Internet Group) will receive emails from Wells Fargo telling us how to make redemption appointments, 

which we should be able to begin on Wed. 16 Oct. Exchange appointments will be held for 40 to 50 days, going well beyond the end of October.

IRAQ BOOTS ON THE GROUND REPORT : THE RV MAYBE BY THE END OF THIS YEAR...

"A PROGRAM RATE IS NOT STABLE!!!" BY FRANK26, 12 OCT

 KTFA

FRANK26: "A PROGRAM RATE IS NOT STABLE!!!"......F26

Trade Bank of Iraq announces measures to support exchange rate stability

10/9/2024

 

 Baghdad
 

The Trade Bank of Iraq (TBI) announced on Wednesday that it has taken a series of measures to support the stability of the exchange rate and prevent exploitation by speculators.

The Director of the Tahrir Branch at the Iraqi Bank, Yarab Al-Hashemi, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the bank's management has taken a series of measures that would stabilize the exchange rate and prevent manipulation in the market, including increasing working hours in the bank's branches, which had an impact on the speed of completing merchants' transactions and the smoothness of financial transfers and eliminating the momentum in that."

He added, "There is a series of measures being taken successively that will have a clear impact on controlling the exchange rate, preventing speculators, and limiting the granting of dollars to the beneficiaries exclusively."

Prime Minister Mohammed Shia Al-Sudani directed "intensifying inspection procedures in financial transfer operations and not being lenient or lenient in pursuing speculators who exploit the crises that the region is going through; to achieve personal profits and benefits
at the expense of the public interest of the country."

LINK

TNT UPDATE, 12 OCT

 TNT
Wed. 9 Oct. 2024 TNT

 “The Dinar International Rate on bank screens is $3.91. It won’t drop below $3.57. 

The banks have a hold on it.

 They have designated a time for it to happen.”

FIREFLY: ABOUT MONETARY & BANK REFORMS : DIGITIZATION IN BANKS

Weekend News with MarkZ. 10/12/2024

Weekend News With MarkZ   10/12/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

CBD Gurus during the first 45 minutes….then Mark with the news 

Member:  Addressed To The White Hats That May Be On This Channel: The Remaining Sleepers May Never, Repeat Never, Wake Up…….On With The Show !!!

Member: You're absolutely right my friend. It's time to get this show on the road.

Member: End this nightmare movie and Let the chips fall where they may Enough is Enough

Member: Gooood morning Mark, CBD Gurus, mods and fellow Patriots!

MZ: I do know of a couple redemption center folks/wealth management contacts who are working this weekend. They don’t know if its this week or next week but very much expect it to happen in the month of October. So they are putting in extra hours to be prepared. They are putting in extra hours to be ahead…taking care of existing customers so that they have no diversions when they expect us. 

MZ: I think it’s very encouraging that they are so convinced they will see us in the next couple of weeks that they are putting in extra hours so when it goes …they can focus on all of us “new” customers. 

MZ: I was really surprised , but long ago I talked to one who has been in this since the beginning…..at first he thought I was coo-coo….but then he called and said “you are not going to believe this –we are going to handle foreign currency…..can you bring yours in so we can practice exchanging and train them?”  He has kept up with this and now has currency himself. He loves his job and will keep working but says it will be different now because he won’t need the money.  

MZ: I have not heard anything new on Prosperity packages or individual currencies. I was hoping to hear something about CMKX …because I have some shares and really want it to go…..

MZ: Bond contacts are awfully quiet…..They are waiting for permission to go. 

MZ: In Iraq: “Economist: 2025 budget amendments are pending and the date of approval before the end of the year.” Why is this important. We are looking at WTO with all files done and paperwork finished….and we are waiting on the official announcement that Iraq has ascended …Then the budget tables are to be done by the end of the year…..and auctions will be ending by the end of the year. 

MZ: We were told many years ago that at the time they ended the currency auctions…there would be a rise in value of the Iraqi dinar. Now they are ending them before the end of the year…..thats not far off. We are in the window. 

MZ: We are watching key things like HCL, WTO, Auctions ending and final budget tables….All of this needs a new rate. We are in the fun part. They need to let her rip by the end of they year….but believe we are much closer than that. I am staying warm and fuzzy. 

MZ: “IMF cuts borrowing costs for members by 36%”  they are lowering the fees on countries that have borrowed a lot like Argentina , Equador ect…..the countries that really need it. They had been playing “Pawn broker and loan shark” with these countries. 

MZ: “Exchange rates of the dollar against the dinar in Iraq today”  We are hearing they are international now….but there will not be much stability in the rate until they raise the value. The rate needs to be international with more purchasing power.

MZ: I thought this one was great but I don’t know this person. “RV UPDATE BY JEFF 11 OCT” He says the auctions will be abandoned in Iraq the day the rate changes. The rate will most likely change on a Sunday morning. His thinking is highly accurate and what I was told to expect. https://dinarevaluation.blogspot.com/2024/10/rv-update-by-jeff-11-oct.html

MZ: Actually I heard Saturday night/Sunday morning- and the most likely time would be  between 11PM to 2 AM .This is the easiest time by far to change rates.  

Member: Maybe tonight is that “Saturday Night?” 

Member: 3-day weekend, Columbus Day

Member: Enjoy your 3 day weekend……May all your dreams come true NOW

Member: I think Monday will be a measurable milestone. Maybe no notifications but days away from that!

Member: Hug a Tree this weekend Dear Friends. Breathe and Give Thanks