DINAR REVALUATION

Monday, December 2, 2024

TNT: "the Iraqi Dinar, ZIM, Venezuela Bolivar, Dong and Zimbabwe ZIM have been green lighted to go " , 2 DEC

Sun. 1 Dec. 2024 TNT Tony

“Banks have full release for tomorrow Mon. 2 Dec. 2024 or Tues. 3 Dec. 2024.” Thurs. 28 Nov. 2024

TNT Call: “We got a call from the committee guy.

He said the IMF and UN just had a meeting and I was told to call and tell you the currencies that have been green lighted to go are the Iraqi Dinar, ZIM, Venezuela Bolivar, Dong and Zimbabwe ZIM.”

ABU SNWE: " THE DOLLAR HAD DISAPPEARED IN IRAQ" ‪@DINARREVALUATION‬ #iraqidinarinvestor

Guide To Iraqi Banknotes In Circulation, 2 DEC

Guide To Iraqi Banknotes In Circulation

Central Bank of Iraq is pleased to present the Iraqi banknotes in circulation.

This technical leaflet highlights the security features and aims to be a guide to the public as well as to companies and commercial banks handling cash on a daily basis. In addition to the enhanced security features, the banknotes include raised printings to facilitate tactile recognition of the denominations by visually impaired users.

We encourage you to take your time to famil-iarize yourself with our banknotes and share the information with those around you. The current series of banknotes will be in circula-tion alongside the old banknotes, and there isno intention to withdraw the older banknotes from circulation.

The primary objectives of the Central Bank of lraq (CBI) are to ensure domestic price stability and foster a stable competitive market based financial system. The CBI shall also promote sustainable growth, employment and prosperity in Iraq.

The headquarter of the Central Bank of Iraq is in Baghdad and has three branches: Basra, Mosul, and Erbil.

lraqi banknotes are characterized by the most sophisticated security features and the high-est quality of security paper. Any attempt to produce, hold or pass counterfeit banknotes is a criminal offence and there will be severe legal punishments for such acts. Counterfeit banknotes must be surrendered to the police or the Central Bank of Iraq.

December 01, 2024 :diamonds: Guide to Iraqi banknotes in circulation .. For more, click here
     https://cbi.iq/static/uploads/up/file-173304177261220.pdf

https://cbi.iq/news/view/2724

(partial text - see bilingual file, https://cbi.iq/static/uploads/up/file-173304177261220.pdf ,
for images and security descriptions)

TIDBIT FROM TEXAS SNAKE, 2 DEC

TEXAS SNAKE

Sun. 1 Dec. 2024 Texas Snake: “Being advised by several to remain alert for (Tier4b Us, the Internet Group) notifications tomorrow (Mon. 2 Dec. 2024).”

NADER FROM MID EAST CC HIGHLIGHTS NOTES, 2 DEC

NADER FROM MID EAST CC HIGHLIGHTS NOTES

Summary

The Iraqi Integrity Committee accused a former Central Bank employee of causing US sanctions on 32 banks, highlighting serious issues in the banking sector.

Highlights

🏦 Former CBI employee implicated in US sanctions against Iraqi banks.
📉 32 out of 72 banks in Iraq faced sanctions, raising concerns.
📊 Economic expert suggests banking system collapse is imminent.
❌ CBI’s lack of serious solutions criticized; plans to cancel the fitter platform by 2024.
🔒 Call for Iraqi banks to secure dollar account guarantees like regional counterparts.
🔍 Unresolved auditing mechanisms with Ernst & Young for non-dollar transactions.
⚠️ Potential loss of 100,000 banking jobs to neighboring countries if issues are not addressed.

Key Insights

📉 Implications of Sanctions: The accusations against the former CBI employee reveal systemic issues in Iraq’s banking sector that could undermine financial stability.
💼 Job Loss Fears: The potential loss of 100,000 banking jobs signifies a looming economic crisis, threatening livelihoods and regional stability.
🔄 CBI’s Inaction: The CBI’s plan to cancel the fitter platform without viable alternatives raises concerns about the future of dollar-related operations.
🌍 Unprecedented Situation: The sanctions on a significant number of banks without clear charges indicate a rare and troubling trend in the global banking landscape.
🔗 Need for Guarantees: The failure of Iraqi banks to secure guarantees from correspondent banks highlights a critical gap compared to other regional banks, risking their competitiveness.
📋 Lack of Transparency: The unresolved auditing mechanisms with Ernst & Young point to a lack of transparency and accountability in Iraq’s banking operations.
⚠️ Warning from Experts: Economic experts are sounding alarms about the potential collapse of the banking system if urgent reforms and solutions are not implemented.