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The Decline In The Exchange Rate In Baghdad And Erbil With The Closing Of The Stock Exchange, 30 AUGUST

 The Decline In The Exchange Rate In Baghdad And Erbil With The Closing Of The Stock Exchange

Economy   Tuesday, August 29, 2023  Baghdad / The National News Center  The prices of the US dollar fell against the Iraqi dinar, today, Tuesday, in the markets of Baghdad and Erbil, with the closing of the stock exchange.

The correspondent of the National News Center said, “The dollar prices decreased with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, to record 153,300 Iraqi dinars against 100 dollars, while the prices this morning were 153,800 dinars.”

He added, "The selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 154,250 dinars, while the purchase price reached 152,250 dinars for every 100 dollars."

In Erbil, the dollar also recorded a decline, as the selling price reached 153,850 dinars for every 100 dollars, and the purchase price was 153,750 dinars for 100 dollars.  https://nnciraq.com/224045/

Central Bank Sales Amounted To More Than 195.9 Million Dollars

Economy News-Baghdad   Today, Tuesday, the sales of the Central Bank of Iraq in the foreign currency sale window amounted to more than 195.9 million dollars.

The Central Bank's website published a schedule of its dollar sales, and "Al-Iqtisad News" reviewed it, as it included the participation of 26 banks and 132 exchange companies, and covered external transfer requests of $157.8 million, while cash requests amounted to more than $38.1 million.

And the Central Bank of Iraq sells the dollar for documentary credits and international settlements of electronic cards at a price of 1305 dinars per dollar, per dollar for documentary credits and international settlements of electronic cards and at a price of 1310 dinars per dollar for external transfers and at a price of 1310 dinars per dollar in cash. 40 views  08/29/2023 - https://economy-news.net/content.php?id=36005

Coffee with MarkZ and Andy Schectman. 08/30/2023

IS IRAQ ABLE TO PREVENT DEALINGS IN DOLLARS TO RESTORE THE “PRESTIGE” OF THE DINAR? – URGENT, 30 AUGUST

 IS IRAQ ABLE TO PREVENT DEALINGS IN DOLLARS TO RESTORE THE “PRESTIGE” OF THE DINAR? – URGENT

On Saturday (August 26, 2023), the expert in economic affairs, Mustafa Akram Hantoush, confirmed the difficulty of canceling dealing in dollars, especially since Iraq imports everything in hard currency .

Hantoush told “Baghdad Today” that “the government’s tendency to sell cars in Iraqi dinars instead of US dollars is very difficult from a practical point of view, despite the government’s attempt to impose pledges on exhibition owners and carry out a massive arrest campaign. “

He added, “The decision is practically difficult to implement, since the car trade passes through a global market that deals in hard currency, because we do not have the possibility of manufacturing cars inside Iraq, and we only have the Mahmoudiya factory .”

He pointed out that “large quantities of cars are imported from abroad and in the currency of the dollar, and therefore they are priced in hard currency, and even if they are priced in dinars, this will be done on the basis of the last price of the dollar, and therefore the citizen will not benefit anything from the process of selling cars in dinars. “

And that “the central bank is trying to strengthen the currency by reducing access to the dollar by traders only .”

The government is trying to control the continuing rise in the exchange rate of the dollar against the Iraqi dinar in the market, about seven months after its official decision to raise the value of the Iraqi dinar at a price of 1320 per dollar .

The government had taken a decision last February to raise the value of the Iraqi dinar against the dollar, after its price at the end of 2020 reached 1,470 dinars per dollar. It was implemented by the previous government to bridge the deficit in expenditures and salaries due to the drop in oil prices in global markets .

The dollar is forbidden

The Ministry of the Interior prevented merchants and citizens from dealing in dollars in markets and shops, and restricted transactions to Iraqi dinars.

It seems that the security solution to the rise in the price of the dollar in the parallel market inside Iraq did not achieve any significant results, but rather complicated the economic scene and led in part to a rise in prices in the Iraqi markets.

Economic specialists point out that the market requires many measures to maintain the stability of the currency, most notably preventing smuggling.

BY DINAR IRAQ & DONG VIETNAM

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 30 AUGUST

 Frank26 (KTFA)

1320 is not the official rate…that’s just the street rate…They told you very plainly 1132 is the official exchange rate today.  I’m not saying they’re using 2 exchange rates.  That’s against the law.  But there’s nothing against the law to have two sets of books.  The CBI website may show 1320 but IMO the economic reforms are at a different rate with permission to do so.  

[Iraq boots-on-the-ground report]

FIREFLY: TV says Iran and Iraq agree to disarm and get rid of the militant groups in the KRI.  This leads to better stability.

FRANK: Are you kidding me?  I never thought I’d live long enough to see Iran say they are willing to disarm in order to work with Iraq…This is stability at its highest form, which is exactly what the monetary reform needs. 

FIREFLY: Meeting with the World Bank...They talked about wanting…external transfers made up of international standards…They said it was about banking reforms.  And they’re also saying how important it is for citizens to join this new platform.  This will be set up to ensure citizens are receiving all they are entitled.

FRANK: …You’re seeing it unfold before your eyes right now…you know what you’re entitled to?  A new exchange rate and new currency.

JUDY NOTES, 30 AUGUST

 Global Currency Reset:

• Tues. 29 Aug. Bruce: Bond Holder emails should come out Wed. 29 Aug. with access to funds on Thurs. 30 Aug. Tier4b (us, the Internet Group) will be notified to set redemption/exchange appointments within 24 hours of Bond Holder notification. On Tues. 29 Aug. a Treasury person on a Zoom call said Tier4b should be notified to set appointments on Wed. 30 Aug. or Thurs. 31 Aug. and start exchanges on Thurs. 31 Aug. or Fri. 1 Sept.
• Tues. 29 Aug. MarkZ: Bond people still expect contracts Tues. 29 Aug. evening. On Fri. night 25 Aug. a couple of humanitarian projects received full funding.
• Tues. 29 Aug. RayRen98: “Agency folk are on High Alert supposedly through the night. I have a feeling that tonight’s gonna be a good night.”
• Mon. 28 Aug. TNT: Everyone is back on track and ready to go waiting on the Green light. All currencies were scheduled to go between now and Fri. 1 Sept.
• Mon. 28 Aug. Texas Snake:  On Wed. 30 Aug, very positive news about appointment notifications possibly being released. A banker was told to have all his trained exchange personnel at their exchange locations starting Wednesday and forth going.
• Charlie Ward: “Months ago everything was completed for the Global Currency Reset, it just hasn’t been announced. The BRICS nations, BRICS bank and QFS have been fully trading in gold-backed digital currency for 8-9 months.”
• Wolverine claimed that on Fri. 18 Aug. Wells Fargo Bank received the cash release codes and the global launch of the funds took place across the Planet, marking the beginning of the registered global asset redemption program.
• The Global Currency Reset appeared to be announced on Tues. 22 Aug. 2023 whenthe BRICS Summit launched BRICS Pay, a decentralized multicurrency digital international payments system. https://www.brics-pay.com/.
• BRICS-Pay has just been announced for merchants and end customers worldwide! So far, it still looks like a normal payment service provider. It only gets interesting when your own new gold-backed currency is added. I’m not sure there will be a bang overnight and the old money system will shut down and only the new money system will run. There’s also some evidence that there could be a couple of years of transition with both systems. Just let the people and the competition decide. This would give providers the opportunity to integrate this service into websites and POS systems without crippling trade and the global economy for weeks to months overnight.

THE BIG CALL HIGHLIGHTS, 30 AUGUST

 Tues. 29 Aug. 2023 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865

• Bond Holder emails should come out Wed. 29 Aug. with access to funds on Thurs. 30 Aug.
• Tier4b (us, the Internet Group) will be notified to set redemption/exchange appointments within 24 hours of Bond Holder notification.
• On Tues. 29 Aug. a Treasury person on a Zoom call said Tier4b should be notified to set appointments on Wed. 30 Aug. or Thurs. 31 Aug. and start exchanges on Thurs. 31 Aug. or Fri. 1 Sept.
• The Biden Administration will be removed when the RV is activated.
• The new administration will be coming in at the same time as NESARA/GESARA, which could happen the first of Sept.
• The EBS system should be activated on Oct. 1
• Some form of announcement of the gold/asset-backed US Note should kick in on Fri. 1 Sept.
• On Fri. 1 Sept. the Quantum Financial System will be fully integrated.
• Online accounts: change passwords by Fri. or Sat. 1, 2 Sept. because when accounts are integrated into the QFS the old passwords won’t work.