ARIEL : Iraq Dinar Update (Important Read) , 20 DEC

 ARIEL

Iraq Dinar Update (Important Read)

#4 The Final Step

First Strategic Objective: Support and Enhance Monetary Stability

This strategic framework outlines four key sub-objectives with their corresponding initiatives to maintain monetary stability:

1. Stability of the General Level of Prices

– Issue medium or long-term securities capabilities
– Manage monetary policy rates in alignment with monetary stability and economic growth requirements
– Support and stimulate microfinance development
– Implement a comprehensive national lending strategy

2. Stability of Exchange Rates

– Transition from platform-based to correspondent bank systems for foreign remittance procedures

3. Manage Reserves According to Best Practices

– Diversify investment tools based on source
– Enhance and increase gold reserves

4. Improve the Quality and Structure of the Iraqi Currency

– Introduce new high-quality currency issues with reduced environmental impact
– Establish a dedicated currency examination laboratory
– Implement automation for cash operations, including counting and sorting functions

Do you see how close we are? What is the 1st thing they have to do in #4? Introduce a new currency correct? And they also stated that they want to complete this within 10 days which brings us to Christmas.

Everything started on December 15th. This is where the 10 days come from.

What does this mean for an foreign investor like Americans or other?

U.S. investors who purchased IQD at a fraction of its nominal value (e.g., 1 IQD = 1/100th of a U.S. cent) have effectively acquired significant amounts of IQD for very little USD.

For example, if you spent $1 to purchase IQD, you might currently hold a substantial number of IQD notes because of the historically low exchange rate.

A reinstatement or revaluation at a 1:1 exchange rate (1 IQD = 1 USD) would mean each IQD note would be worth one U.S. dollar.

Example: A 100,000 IQD note, purchased for a minimal cost, would convert to $100,000 USD under a 1:1 exchange rate.

If the value of the IQD increases beyond 1:1 to, for example, 1:3 (1 IQD = 3 USD), the same 100,000 IQD would convert to $300,000 USD. At 1:8, it would convert to $800,000 USD.

What a 100k IQD Note Will Be Worth Once You Convert It To USD Upon Revaluation?

1:1 (100k)
1:2 (200k)
1:3 (300k)
1:4 (400k)
1:5 (500k)
1:6 (600k)
Etc.

This basic math. Because regardless if you hold IQD this will be what the exchange rate will be on the Forex. People who attempt to buy IQD after the reinstatement on international markets will not see any profits. Only those who bought IQD at 1/100th of its price for pennies on the dollar.

When Iraq talks about “deleting the three zeros,” it typically refers to removing the zeros from the exchange rate, not necessarily from the physical currency itself. This is why people are confused. You think they will take out a magic marker and erase zeros off a paper currency?

Please give me your IQD so I can save you from disappointment. I, promise I will not give it back.

Article Here: https://jaredaiq.net/News/7929

These are the 3 zeroes on the exchange rate they will be deleting. Which will make 0.00076/0.76. Not the currency. Which means if you have 100k once it goes international you would gain only 0.76/76,000 USD/ROI.

So imagine the other examples of 1:1 or higher?

JON DOWLING: " THE RV STARTS NOW, NOT NEXT YEAR!!!" @DINARREVALUATION #iraqidinarinvestor

 

FRANK26: "SUDANI SAYING YOU WON'T GET RIPPED OFF BY CBI BANKS", 20 DEC

 KTFA

FRANK26: "SUDANI SAYING YOU WON'T GET RIPPED OFF BY CBI BANKS".......F26 

Central Bank enhances the capabilities of the Banking Guarantees Company

 

December 18, 2024

 

The Central Bank of Iraq revealed that it has set a priority within its various strategies to enhance the capabilities of the Banking Guarantees Company. Stressing that one of the tools to support the banking sector is providing bank guarantees to enhance financial depth.

The Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad Khalaf, said during a speech he delivered during the Eighth International Guarantee Conference held in Baghdad: Organizing this conference contributes to enhancing cooperation and achieving a comprehensive and sustainable vision for partnership between the banking and real sectors, indicating that developing the banking sector and increasing credit of all kinds depends on providing sufficient guarantees to owners of large, medium and small projects.
He added that the Loan Guarantee Company is one of the pillars of financial stability in Iraq, considering bank credit a basic pillar and a catalyst for economic growth and job creation.
The Deputy Governor added in his speech that the Central Bank of Iraq has prepared within its various strategies to enhance the capabilities of the Banking Guarantees Company, revealing the establishment of a committee from the Central Bank of Iraq with membership of the Private Banks Association to improve the performance of the Banking Guarantees Company.
It is worth noting that the Central Bank of Iraq has previously launched the National Lending Strategy, which focuses on providing financing for small and medium enterprises.

 

Central Bank of Iraq
December 18, 2024
Media Office

EXCERPTS FROM MARKZ, 20 DEC

 EXCERPTS FROM MARKZ

Member: Are we going to see a government shutdown Mark?

MZ: There are a lot of rumors when the government shuts down on Friday- things are going to rip…..My bond folks seem to think exactly that……sure am hopeful they are correct

MZ: Bond folks are still very excited and convinced we are exchanging by Christmas.

MZ: “The Central Bank of Iraq decides to add the Saudi Ryal and the Jordinian dinar”  I think this is the biggest story of the year. This story has me so excited. They are working on a smooth transition to this basket. These are the two biggest. Iraq said months ago they are going to base their currency on oil, resources, gold and a basket of other middle eastern countries currencies. This is how they are going to raise the value of the dinar. They are going to unpeg it from the USD and peg it to a basket of currency and their assets.

MZ: I am sure MilitiaMan and others are also extremely excited about this today.

GINGER:In America, it will start in Miami and then Reno & TIP: IF YOU HOLD XRP!! @DINARREVALUATION

 

FRANK26: "THE SHOCK IS A NEW EXCHANGE RATE... TO THE RURAL & TRIBAL AREAS OF IRAQ", 20 DEC

 KTFA

FRANK26: "THE SHOCK IS A NEW EXCHANGE RATE... TO THE RURAL & TRIBAL AREAS OF IRAQ".....F26

Get ready.. The exchange rate is set to rise again: The dollar selling platform will stop and “the shock is coming”

12/17/2024

- Baghdad

Economic expert Nasser Al-Tamimi warned, today, Tuesday (December 17, 2024), of a rise in the dollar exchange rate in Iraq in the coming days.

Al-Tamimi told Baghdad Today, "There are real fears in the Iraqi market of the continued rise in the dollar exchange rate after the Central Bank of Iraq stopped working on the platform," indicating that "this matter will constitute a shock, especially at the beginning of implementing the decision and will lead to a rise in the dollar, to increase demand for it in the parallel market."

He added that "after the platform is stopped, most traders, especially small ones, will depend on the parallel market to finance their foreign trade, while continuing to finance trade with Iran and Turkey in dollars, through illegal means," noting that "this is what will lead to the rise, and therefore practical steps must be taken to prevent this by the country's monetary authority, and urgently."

The Central Bank of Iraq revealed on Wednesday (September 4, 2024) the mechanism for ending the electronic platform for foreign transfers, while indicating that the placement of foreign transfer operations and meeting requests for the dollar are on sound paths and consistent with international practices and standards. 

The bank said in a statement received by "Baghdad Today", that "the electronic platform for foreign transfers managed by the Central Bank of Iraq began at the beginning of 2023 as a first stage to reorganize financial transfers in a way that ensures proactive oversight of them instead of subsequent oversight by the Federal Reserve auditing daily transfers, and this was an exceptional procedure as the Federal Reserve does not usually do this, and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and approved banks, mediated by an international auditing company to conduct a pre-audit of transfers before they are executed by correspondent banks."

He added that "during the year 2024 and until now, 95% of the transfer process from the electronic platform to the mechanism of correspondent banks directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains within the platform, which will be transferred using the same mechanism before the end of this year and according to the plan," explaining that "some expectations about potential impacts on the exchange rate and transfer operations are baseless, because the process will not be sudden or in one batch at the end of this year, but rather it was originally achieved during the past period with effort and careful follow-up, except for the remaining small percentage that will be completed in the coming short period."

He stressed that "trade with the United Arab Emirates, Turkey, India and China represents about 70% of Iraq's foreign trade as (imports), which prompted the Central Bank of Iraq to find channels for transfer in euros, Chinese yuan, Indian rupees, and Emirati dirhams, through accredited correspondent banks in those countries, and (13) Iraqi banks have actually begun conducting transfer operations with a pre-audit mechanism that has been agreed upon and approved in addition to transfers in dollars."

He continued: "With the provision of channels for personal transfers for legitimate purposes and external purchases through electronic payment channels and international money transfer companies and cash sales to travelers, and the payment of cash dollars for incoming transfers to the parties and purposes specified in the Central Bank's published instructions."

The Central Bank of Iraq stressed that it "put foreign transfer operations and meeting dollar demands on sound tracks consistent with international practices and standards and the Anti-Money Laundering and Terrorism Financing Law," explaining that "providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation, and any other price traded outside those channels is an abnormal price that those with unorthodox or illegal practices resort to, who avoid official channels in their dealings, and bear the additional costs alone by purchasing at a higher than the official price to delude others with the difference between the official price and others."

LINK

 

Currency Exchange, Bond Redemption Protocols of the XRP Quantum Financial System, 20 DEC

 Currency Exchange, Bond Redemption Protocols of the XRP Quantum Financial System:

***Beware of Scammers: There are platforms on Telegram saying you can set up your Quantum Bank Account now and receive payouts. Don’t fall for it – they want your personal information. Official Quantum Accounts will only be set up at Redemption Centers (for the public beginning Jan. 1 2025, for currency/Zim holders at the time of your exchange/redemption appointment). At that time they will give you a new phone and computer that will work with the new Quantum Financial System.

• Everyone who has bought foreign currency or Zim Bonds from a certified dealer will receive an email, text or phone call from Wells Fargo that contains a 800 number to call for your exchange/ redemption appointment. This 800 number can be sent to others for their use.

• When you call the 800 number you will be asked questions to confirm your identity. They will then route you to a Regional Call Center closest to your home, or to a location of your choice where you will make your appointment.

• Arrive at your appointment no sooner than ten min. before. Your appointment will last around 30 min.

• A Redemption Guide will meet you and help you throughout your appointment as you go through nine stations.

• Station One Know Your Client: present your ID (two picture IDs are recommended). You will be given a Resonance Scan of your Bio-metric vibrations (that will detect the bad guys). If you don’t pass the scan you cannot exchange or redeem.

• Station Two Currency Exchange, Zim Bond Redemption: You will hand over your currency and/or bonds to be verified and counted. It is recommended that you keep pictures of all your currency and bonds in case of questions about their validity. It is also recommended that you have the currency and/or bonds separated and accounted for on a cover sheet so there is no question about what you turned over.

• It is at Station Two where, if you have been given currency or bonds, you will hand over notarized and signed Gift Letters done by whoever gave you the currency or bonds. (If you do not have Gift Letters, you cannot exchange those bonds or currency you were given).

• Also at Station Two you will do your actual exchange. If you have Dinar, ask them for the Contract or Special Rate, whichever is higher.

• Station Three Security Protection: Your own biometric vibration is added to your Quantum Access Account and Quantum Card (QAAC).

• Station Four: You will supply a password and create your own Quantum Access Account and Card.

• Station Five: You will receive a Quantum Computer and Quantum Phone.

• Station Six: You will create your QFS Transfer Accounts.

• Station Seven: You will receive your QAAC ATM card.

• Station Eight: You can request gold/access backed cash, checks and Proof of Funds Letters.

• Station Nine Human Initiative Trust: You can present a 15 to 30 second snap s**t of your Humanitarian Project and then a 3 to 10 min. Project presentation. You give them a 3-4 page copy of your project and have them sign and date your second copy that you keep.

• You will need to tell them how much money you need for your project in the first 90 days, including what it will be used for.

• During your exchange you will be required to sign a Non Disclosure Agreement (NDA). That agreement will normally last 90 days. That NDA is reported, recorded and stored on your account on the Quantum Financial System. Read the NDA carefully before you sign it. If you violate that NDA your QFS account will be frozen and you will lose all of your money.

SOURCE: DINARCHRONICLES