KTFA
FRANK26: "STOP & THINK... WHY SO MANY CURRENCY ECHANGE COMPANIES OPENING".....F26
Bruce
...three very good sources...over the last couple of days were saying that we would be exchanging no later than Saturday...Now that is possible...
the latest thing we got this afternoon were from redemption center leaders and one of whom is over three redemption centers - the other one is over six, seven redemption centers...they're good sources.
Well, these two leaders are saying we're going to get notifications over the weekend and start exchanges early next week, which would be Monday or Tuesday...So there appears to be a couple of things that might be slight hold ups.
One is dealing with the price that Iraq is selling oil. There's a little controversy on this...
Well, the contract rate on the Iraqi dinar is tied to what Iraq is selling their oil for, what they're selling it to Turkey...Egypt...China for and any other number of countries...And so that price needs to be settled on...
before the contract rate can be established for the dinar...The other thing we've heard relating to the contract rate...is a rate that was agreed upon already in a contract with Iraq.So that's sort of negates what I just said about worrying about the new price of what that oil might sell for. They have a rate, and it's extremely good..
KTFA
FRANK26: "WHY WOULD YOU GO OUT OF YOUR WAY TO COUNTERFEIT WORTHLESS CURRENCY???!!!"......F26
3/6/2025
Basra Police Command announced on Thursday the arrest of the owner of a "fake" exchange office who smuggles dollars through remittances.
(BECAUSE WHEN WE EXCHANGE IT WE WILL BE GIVEN THE CURRENCY & THE NEW
EXCHANGE RATE LIKE EVERYONE ELSE. THEY’RE STEALING SOMETHING WORTHLESS BECAUSE IT’S NOT GOING TO BE WORTHLESS -F26)
The command said in a statement received by Shafaq News Agency, "The arrest of the accused came after forming a specialized work team and setting up a tight ambush for him. A sum of money amounting to 235 thousand and 470 dollars, 112 million Iraqi dinars, and two phones containing details of the transfers were seized from him."
She added, "The necessary legal measures were taken against him to complete his investigation papers."
MAJEED
for example
Would walk you out with $1.5 million
The exchange I did was on XE app
There might be some Wells Fargo branches that would accept it
You gotta call the foreign currency department of Wells Fargo and ask themSanctions showdown: Iraq's race for post-waiver energy
Shafaq News/ On Saturday, the Iraqi government confirmed that it had not received any official notification regarding the cancellation of its exemption to purchase Iranian gas, a privilege previously granted by US President Donald Trump.
In a statement to Shafaq News, Government spokesperson Basim Al-Awadi emphasized that dialogue and communication between Baghdad and Washington remain ongoing, with both sides recognizing that Iraq's stability is crucial for the broader region. "Iraq has fully adhered to the exemption’s conditions and has taken proactive steps toward long-term energy independence," he stated.
In early February, President Trump revoked Iraq’s waiver to import electricity and gas from Iran as part of new sanctions imposed on Tehran. US media reported that the exemption was set to expire on March 7, raising concerns over Iraq’s energy security and future planning.
To navigate these challenges, the Iraqi government has put in motion a comprehensive strategy that focuses on both immediate and long-term energy solutions.
"The Ministry of Electricity has secured a contract to import gas from Turkmenistan, pending the completion of financial and technical procedures," Al-Awadi revealed. "Additionally, Iraq is coordinating with the Ministry of Oil to import 600 million cubic feet of gas and is exploring the installation of floating LNG platforms in Basra. Meanwhile, the Ministry of Oil has already begun constructing its own pipelines."
Beyond addressing short-term needs, Iraq, according to Al-Awadi, is also working to strengthen its energy security through diversified investments. The broader strategy includes developing steam and combined-cycle power plants while expanding investments in renewable energy sources such as solar power and waste-to-energy projects. "These initiatives are key to strengthening Iraq's energy security and ensuring long-term stability in the sector," Al-Awadi affirmed.
