FRANK26…..3-4-25…….IT’S NO TOP SECRET

US Treasury Secretary: If I were Iranian, I would convert my money to a currency other than the Toman, 8 MARCH

 US Treasury Secretary: If I were Iranian, I would convert my money to a currency other than the Toman

Shafaq News/ US Treasury Secretary Scott Besant vowed on Thursday to close the international financial system to Iran, saying, “If economic security is national security, the Iranian regime will not have both.”

The United States will target “regional parties” that facilitate the transfer of revenues to Iran, according to what Reuters reported from Bessent.

He added: “If I were Iranian, I would convert all my money to non-rials (Iranian tomans) by now… Sanctions will be used clearly and aggressively to achieve maximum immediate effect.”

The United States will “completely” disrupt Iran’s oil sector, according to Bessent, who said Washington will also halt Tehran’s ability to manufacture drones, stressing that the United States will exert maximum pressure on Iran through sanctions.

TIDBIT FROM KAPERONI, 8 MARCH

 Kaperoni  

Question: "Assuming this [Digital Dinar] happens, will we need to turn in our currency and allow it to be converted to digital? 

 If so, where will it be held?"

  At some point, you may have to get a dinar denominated account through some market maker or ECN.

 Then of course, you could watch the dinar rise or sell it when you want to cash out. But all of that is yet to be determined. No need to get ahead of ourselves.

Update March 4, 2025

Reconstruction: Iraq receives international offers to invest in new residential cities , 8 MARCH

 Reconstruction: Iraq receives international offers to invest in new residential cities 

The New Cities Implementation Authority, affiliated with the Ministry of Construction and Housing, confirmed the referral of residential cities in 5 governorates with “integrated” designs, and also confirmed the arrival of international offers to invest in the new residential cities.

The head of the authority, Hamid Abdul Hamad, said in a statement followed by "Ultra Iraq", that "the first phase included the establishment of 5 new cities that were announced, referred, and started, and reached different stages. There are also other cities that were announced, which are 6 cities, and the announcement period will end during the current month, including the city of Mutanabbi in Wasit, the new city of Balad, the city of Salam in the new Najaf, Ur in Nasiriyah, Warka in Samawah, and another city in Al-Majar Al-Kabir, south of Maysan."

Hamad added, "A number of countries have come forward to invest in the new cities through joint companies, including Iraqi, foreign and Arab companies, such as Al-Jawahiri City, which is being implemented in partnership between an Iraqi and Chinese investor, and Al-Ghazlani City in Mosul, which is being implemented in partnership with an Iraqi-Chinese partnership, and on the banks of Karbala in partnership with a Malaysian entity and various Iraqi companies with Arab and foreign banks, in addition to Ali Al-Wardi City for a global investor and Aura Company." 

Hamad stressed that “these cities were designed in a way that makes them integrated in all activities, whether housing or other economic activities,” indicating that “the Nahrawan residential city will be implemented on an area of ​​80,000 dunums, and in several models. The first is to establish different cities with different areas, and develop infrastructure through investment while guaranteeing a share for the state, and this is one of the facilities if the citizen thinks of buying land that is served in all aspects.”  link

TIDBIT FROM BRUCE, 8 MARCH

 Bruce  

 [via WiserNow] 

 ...remember, the rates at the redemption centers will be higher than those at the banks. The only exception that I've heard of on that has been the Vietnamese Dong, the Dong rate at the redemption center yesterday was...

the same as it was in the banks.That's the exception for the rule, the dinar is going to be much higher at the redemption center, because they're going to offer us a contract rate on the dinar.

FIREFLY: The United States of America is totally supervising all financial transactions #iraqidinar