MarkZ
[via PDK]
Question: Anyone know what that new ‘mechanism’ was that was implemented on Dec 1.
MarkZ: It was a new customs collection system to run through Iraqi banks…they were postponing it until Dec 31/Jan 1 to complete the implementation…this was to change how money moves across borders. BUT… ‘Advance customs declaration comes into effect’ They will be implementing pieces of it throughout the month. They want it to be fully up and running by Dec 31. IMO they have to have the new system done with a new value to be fully implemented. Watch things…its happening before our eyes.
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Mountain Goat
In the recent news once again, we get articles telling us the U.S. is not going to back down as envoy Mark Savaya has arrived in Baghdad and has delivered Trump’s message to the GOI. So, the important news for Iraq is still all about this situation with the militia standoff with the U.S. …I believe…that if the GOI asks the U.S. to step in and clear out the Iranian militia from inside Iraq, it would. However, there must be a formal agreement to do so…I am sure that this is the last resort for the T******************n but there has to be this alternative on the table, a clear message to Iran to recognize that the U.S. is VERY serious…
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Frank26 (KTFA)
There will be a slight increase in the value of the American dollar inside of [Iraq] only because the CBI action conversion window has come to an end. That was the last place where the American dollar and dinar were being funneled out…illegally…to Iran. Therefore, when this auction window shuts down, there will be a gigantic panic…because the demand for the American dollar will explode…People in Iraq will panic and desperately look for it in any way possible, causing the value and the demand…to increase…But it’s a false supply and demand. I believe the CBI is preparing the Iraqi citizens so they are not shocked by this event just like they are preparing them to receive the lower denomination notes.
[Iraq boots-on-the-ground report]
FIREFLY: The CBI explained today how they devalued the dinar in 2020 as a quick fix to the economy and inflation…Economic opportunities other than oil to strengthen the dinar have been put in position…They said the stoppage of using the ‘devalued dinar’ they’ll look towards their monetary reform and that action will strengthen the Iraqi dinar. The CBI is pulling out in the near future using the devalued dinar.
15, 16, 17 days we’ve been riding a wave… Surfs up…We’ve been riding a wonderful experience…It has been unbelievable the stuff we share with you…You have Sudani yesterday bragging all day. You got Alaq two, three days in a row. Saleh came out bragged. You got the United States Treasury, BIS, WTO and IMF all sitting there in the 8th floor of the CBI bank watching everything they’re about to do… monitoring everything.
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MilitiaManThe last week, two weeks, three weeks, the news has been phenomenal…We’re starting to get some folks that are the younger generation, 25…Some of the language out there speaks of different terminology because we’re going into a digital technology world and they’re using words like ‘rails’ and ‘stacks’ and all these different things. What we’ve seen of late is a little bit of a spark…We’re not talking about hype. We’re talking about reality…For those of you that are significantly younger than I am and closer to my age who’ve watched Iraq’s markets mature…it’s a thrilling time that we’re in.
1310 that we see today, it served it’s purpose…It allowed them to use a model to be able to contain, make the citizens happy… [and] dropped that inflation rate which is effectively purchasing power. Now the wealth reflective rate back to its historic benchmark is on the table …Every metric they’re using screams Iraq is ready to do this… It also screams the interconnectivity has readiness to the global financial system…JeffIraq is going international in 2026. That’s why the US and UN are ending their interactions with Iraq in the year of 2025 so that both parties or foreign entities will be out of Iraq so they can have their sovereignty in their new next stage in 2026 which is their new international beginning…That gives them a clear pathway to jump in and launch the reforms in the beginning of 2026. That doesn’t mean the rate is changing in January or 2026. Tradable foreign currency…requires them to be out from underneath the US and UN sanctions. They’re out from the UN sanctions. They still have a few minor ones on the US side. That’s not a concern because when Iraq revalues their currency, the US sanctions will automatically lift and remove.
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Fnu Lnu
Fin Tec is taking over. Ernst & Young specializes in digital conversion of economies and is dedicated to FinTec promotion and blockchain integration. This is why they have spent so much time in Iraq. Tokenization of commodities has been approved in the USA. Oil is to be tokenized especially if Iraq intends to do any business with BRICS or America ….Iraq is on their third upgrade just trying to catch up. They have been resistant to this digital transformation…My contacts in Singapore are in with both Oliver Wyman and Ernst and Young. Oliver/Wyman is primarily concerned with the Development Road Project while Ernst and Young are consulting on all matter economic. The systems are not ready and will take more time but if Iraq were more receptive to these FinTec innovations, the RV would come much sooner but as it stands, we are still about 1-2 years out.
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Sandy Ingram
The Central Bank of Iraq had a meeting. This is a report on that meeting. The article on the Central Bank of Iraq’s website does indeed include ‘virtual’ and ‘crypto’ in line with rapid transformation in the global financial economy. Samson (KTFA)
Article:
‘THE EUROPEAN BANK INJECTS $100 MILLION INTO THE NATIONAL BANK AND ENCOURAGES INTERNATIONAL MARKETS TO ENTER IRAQ’Source : dinarchronicles
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