Wednesday, December 25, 2024
What are Iraqis waiting for after the news of the “sudden suspension” of the dollar sale platform by the Central Bank?, 25 DEC
Baghdad Today – Baghdad
The financial and banking specialist, Alaa Al-Fahd, commented on Tuesday (December 24, 2024) on the impact of the suspension of the “platform” by the Central Bank on the markets during the next phase.
Al-Fahd told Baghdad Today that “the Central Bank of Iraq worked during the previous period with a plan through the auction of the sale of currency in the first phase, then the establishment of the electronic platform and intensive work to find correspondence methods between local banks and foreign banks with which we have commercial relations and their output in external transfers, and that is why the bank announced for a while that the end of this year the platform will be stopped and there will be direct correspondent banks.”
He pointed out that “this is normal. All central banks in the world are tasked with maintaining monetary policy and not selling currency. There is no central bank in the world that sells currency and mediates in the sale and purchase of currency. This work is the responsibility of banks and exchange companies, and this is true and it is a great challenge so that banking commercial relations are directly, according to monitoring by the Central Bank of Iraq.”
He added that “stopping the platform will not affect local markets from the dollar exchange rate, but there are those who try to broadcast rumors that this step will change the exchange rate, so selling the dollar itself that the Central Bank of Iraq was selling through the platform will be sold to banks and banks that have relations with foreign banks so that the transfer is direct according to electronic and monitored transactions, and for this the situation is under control and there is no fear of the impact of the markets.”
Economist Ziad Al-Hashemi revealed on Monday that the Central Bank of Iraq was suddenly suspending the operation of the dollar transfer platform before the scheduled date and without an official announcement and without taking into account the interests of Iraqi companies and markets, in a step that is said to be far from professionalism and transparency.
Al-Hashemi said in a post on the social networking site “Facebook”, followed by “Baghdad Al-Youm”, that “the suspension of the platform without an official announcement by the Central Bank may indicate that there is uncertainty and fear of the results of the platform’s suspension on dollar exchange rates, and the non-announcement can give the central opportunity to renege and evade the decision to stop the platform and return to the platform to operate the platform, even in case the dollar begins to rise to large rates.”
CRYPTO TRADER: HERE IS THE THEORY!!, 25 DEC
CRYPTO TRADER
Last year they revalued dinar to 1310 on February 7th,Which was a tuesday. Here is the theory.
Tomorrow being Tuesday and Christmas eve they can revalue after the US markets close as all forex closes till 5 pm Christmas day.
They have ample time just like Sunday and it's a perfect diversion . It will hit forex on boxing day which is Thursday .2 days of adjustments on forex and 2 days of weekend. And people can start exchange from 30th Monday which is a new moon day.
Lot of financial market positive moves happen on newmoon ,historically. And like sudani promised its just 1 day before the year end.
They can adjust their books according to the New rate for the new fiscal year starting Jan 1st 2025.
It's a perfect storm if it happens. Both Sudani and Alaq would be delivering on their promise if this theory is realized. Again it's just my thought process. Please use your discernment. Happy Holidays!
IMPORTANT IRAQ NEWS: AL-SUDANI IS CONSIDERING INVITING AMERICAN COMPANIES TO WORK IN THE PORT OF FAW, 25 DEC
AL-SUDANI IS CONSIDERING INVITING AMERICAN COMPANIES TO WORK IN THE PORT OF FAW
Prime Minister Mohammed Shia Al-Sudani discussed, today, Monday, with the Ministers of Oil and Electricity, in addition to specialized advisors and a number of undersecretaries in the two ministries, extending an invitation to specialized American companies to establish a fixed gas platform in the Grand Faw Port.
Prime Minister Mohammed Shia Al-Sudani chairs a meeting on energy projects.
Prime Minister Mohammed Shia Al-Sudani chaired a meeting today, Monday, on oil and electricity sector projects, in the presence of the Ministers of Oil and Electricity, in addition to specialized advisors and a number of undersecretaries in the two ministries.
During the meeting, the gas projects that are being implemented within the government program were discussed, as well as the timetable set for their completion, especially since there is an increase in the levels of stopping the burning of associated gas, as the percentage currently stands at 67 percent, and it is hoped to reach 80 percent by the end of next year, leading to a complete cessation of burning by the end of 2027.
During the meeting, the invitation to specialized American companies to establish a fixed gas platform in the Grand Faw Port was also discussed.
The meeting discussed inviting international energy companies to invest in natural gas fields, in addition to discussing the plan to supply fuel to power plants at the present time and for the coming months.
STATUS OF THE RV , PART. 3 BY MNT GOAT, 25 DEC
STATUS OF THE RV BY MNT GOAT
😊You might want to also take a look at the article titled “PARLIAMENTARY COMMITTEE: IRAQ IS HEADING TOWARDS A MAJOR INVESTMENT AND ECONOMIC BOOM”
It says and I quote “that Iraq is heading towards a major investment and economic boom during the next stage.”
Then also “”The stability achieved at the political, security and governmental levels will lead to important and large investment opportunities during the next phase and this will generate great prosperity at the economic level”
The author adds “The Iraqi government has achieved successes in the investment file and strengthening the economic and financial conditions, and these successes have been positively reflected in the services, reconstruction and development file, and the next stage will show these successes more clearly through investment and economic prosperity at various levels.”
Need I say much more today. We all should be VERY HAPPY to hear this news today.
________________________________
What can we as investors do right now?
- Pray and pray that nothing will mess this up….
- Be very patient….
- Do not sell your dinar….
- No more intel guru talk….
- No more NESARA / GESARA crazy talk
- Stop listening to all these idiots as they are only confusing you more and more (especially TNT and “The Big Call” idiots.)
- Don’t over speculate and set unjustified expectations
I know the path to this reinstatement and I don’t have to speculate or guess.
If you are faithful follower of my blog you then clearly see I have NEVER misled you on the information. How can I say this? It is because I show you evidence and FACTUAL information not some make-believe fairytale bank stories, or lies that four letter agencies are talking to me, because the aren’t and I don’t care what the hell they are saying anyway. None of this ridiculous NESARA or GESARA bullshit either. Get it? Stay away from all this crap. It is an illness that has spread throughout our dinar investment community. It is easy to lie and make up stories but much, much harder to spend the time translating articles and applying them to what is really going on. Yes, we must stay grounded as this RV is coming to a closure and there is not much longer to wait..
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