RV UPDATE BY FIREFLY, 14 OCT

 Frank26 

 [Iraq boots-on-the-ground report] 

 FIREFLY: Minister of Finance on TV saying they have activated the automation and digitization process. 

 FRANK:  That's important.  Digitization...is the backbone of the monetary reform.  

That's what's going to move the currency in and out of the country but more so out there when it starts to float for us...That will add the Real Effective Exchange Rate to your currency. 

https://dinarevaluation.blogspot.com/2024/10/rv-update-by-firefly-12-oct.html 

Frank26 

 [Iraq boots-on-the-ground report]   

FIREFLY:Television is showing there was meetings going on.  These meetings are every day. 

 They say there was Sudani who had his meeting with his Finance Minister and all of the lead bank officials and with the audit companies.  

FRANK:  Sudani meeting with the powerhouse of his monetary reform. 

 FIREFLY:  It looks like Sudani is crossing all of his T's and dotting all of his I's one last time!

https://dinarevaluation.blogspot.com/2024/10/rv-update-by-firefly-9-oct.html---

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FIREFLY:They are telling us deleting zeros and enhancing value.  We never heard this before.

  FRANK26:  This is extremely impressive in the way the monetary reform is coming to you faster.  

 We predicted this.  It's good to see it happening.

https://dinarevaluation.blogspot.com/2024/10/they-are-telling-us-deleting-zeros.html

DINAR REVALUATION : RV HIGHLIGHTS!!!

Iraq warns against regional escalation, rejects use of airspace for strikes on Iran, 14 OCT

 Shafaq News/ On Sunday, Iraqi Foreign Minister Fuad Hussein warned that the ongoing conflict involving Israel could expand to include Iran, potentially threatening global energy supplies and creating a worldwide crisis. 

During a joint press conference with his Iranian counterpart, Abbas Araghchi, who is visiting Baghdad, Hussein cautioned against the widening of hostilities. “The Israeli aggression on Lebanon could lead to the outbreak of another war,” he said.

Hussein expressed concern that the continued fighting in Gaza and Lebanon poses a major threat to regional security and stability. “The ongoing war is dangerous, and its escalation threatens the entire region,” he said.

“Iraq stance is firm, we are against using our airspace as part of any military action,” stating, “The Iraqi government has not made any decision to engage in war. Such decisions rest with the state and its three authorities.”

The Iraqi foreign minister also rejected the possibility of the conflict expanding towards Iran and Iraq being used as a passage in the conflict. “This is unacceptable,” Hussein remarked, adding that war in the region would severely impact global navigation and spark a worldwide energy crisis.

“Our region is facing very serious challenges,” he said, warning that tensions could lead to broader conflicts. “We are in a precarious situation, and there is a potential for escalation into a full-scale war.”

Moreover, Hussein called for an end to Israeli hostilities in Gaza and Lebanon and expressed Iraq’s commitment to pursuing peace and a ceasefire. “We continue our efforts to deliver aid to the displaced, whether in Lebanon or Syria,” he added.

ABOUT THE MEETINGS THAT HAD IRAQ WHEN VISITED UNITED STATES & HOW IRAQ NEEDS A STABLE EXCHANGE RATE FOR COMPLY THESE NEGOTIATIONS BY GOLDILOCKS, 14 OCT

 GOLDILOCKS

Iraq just visited the United States on August 26 to 29, 2024. It was a high level negotiating team that met with JP Morgan, the US Treasury, Federal Reserve Bank, visa, mastercard, moneygram, Citibank, as well as International auditing firms such as KPMG, E&Y, K2i and Oliver Wyman.

One of the values of a meeting such as this includes trade facilitation. International auditing standards help to facilitate trade and support economic growth. Every international negotiator knows how to factor currency rates into agreements with their foreign business partners.

Part of the discussion dealt with moving from an electronic platform to a virtual bank whereby a Direct Banking relationship can occur. Direct banks, also known as branch-less or virtual banks, offer their services online, through mobile apps, email, and other electronic means.

Another portion of the conversation moved towards International engagement through International correspondent banking such as the Swift system provides. A network of international correspondent banks is a complex system of financial institutions that work together to facilitate global transactions.  

Yes, this requires a stable exchange rate that can be used between countries in trade and foreign currency exchange. These determinations are a part of supply and demand ratios factored in through trade.

The people invited to this meeting was no accident. It was a negotiating team ready for action. It was a meeting to discuss "the requirements necessary to open their accounts with international correspondent banks." This transition is expected to occur by the end of this year.

This moves Iraq from a supervisory role with the United States to a more independent nation with their own rules and regulations to guide their financial agreements around the world. Yes, this is the information have been looking for for long time. 

Watch the water. 

© Goldilocks

https://cbi.iq/news/view/2660

https://www.negotiations.com/articles/international-transactions/

"THEY ARE SAYING ON TV THAT " IRAQ IS PLANNING ON A CURRENCY REDENOMINA...

Iraqi PM Al-Sudani emphasizes comprehensive digitalization as key to national development, 14 OCT

 Shafaq News/ On Sunday, Iraqi Prime Minister Mohammed Shia Al-Sudani chaired a regular meeting of the Higher Committee for Digital Transformation.

During the meeting, participants reviewed the implementation of previous decisions and directives while following up on practical measures related to the digital transformation process in public sector institutions. They emphasized the need to enhance infrastructure to expedite this critical transition, stating, “This process is essential to significantly improve the quality of services delivered to citizens,” according to a statement from Al-Sudani's media office.

The PM highlighted the government's commitment to comprehensive digitalization, noting that it has become vital for Iraq's development. “The five-year development plan embraces this process, providing an opportunity to harness Iraq's youthful potential to accelerate its implementation,” he said, stressing the importance of strategic planning in achieving developmental goals.

The Higher Committee reviewed several proposed files and approved the technical report outlining strategic directions for the digitalization requirements. “This includes the methodology and general principles for launching this process, benefiting from successful experiences in countries experiencing similar situations as Iraq, and the vision required to achieve this transformation, prioritizing citizen services in the digitalization process while focusing on both service quality and cybersecurity,” the statement affirmed. 

The committee also approved digital transformation steps within the Pension and Social Security Department of the Ministry of Labor and Social Affairs and discussed necessary actions for implementing digitalization in the Companies Registration Department of the Ministry of Trade.

In addition, the committee “agreed to continue cooperation with the United Nations Development Programme (UNDP) to improve indicators related to the telecommunications and information technology sector. It also approved the Iraqi Communications and Media Commission and the Central Bank of Iraq to negotiate with international digital companies,” the statement concluded.

LATEST FROM MIKE BARA, 14 OCT

 MIKE BARA

A little birdie just told me that "the timeline has been moved up." -  JENTEL CONFIRM.

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MIKE BARA 
Tues. 8 Oct. 2024 Mike Bara

  “On the German Bond side, “Not yet.” 

Still could happen today. Was also told the hold up for the last 10 years was Zimbabwe when they went to gold in 2015.

 We’ve been waiting for all that time for them to get their tasks done and they were “done” as of yesterday Mon. 7 Oct. 2024.

https://dinarevaluation.blogspot.com/2024/10/rv-update-by-mike-bara-9-oct.html