“Re: Frank26 Iraq Report” by Woof – 12.27.23
Frank26 [Iraq boots-on-the-ground report]
FIREFLY: We have a special on TV and they say the Iraqi dinar wins the struggle against the dollar and wins control of the markets…
FRANK: The goal of the last few weeks has been to bring the market rate parallel with the dollar rate. Remember the CBI can’t touch the dollar value but they can touch the value of your currency of the dinar…They have been victorious of reducing the value of their enemy foreign currency like the American dollar and all foreign currency in your country verses your national currency which is at 1310 right now. But that rate is now in a position to change because of all the success of the monetary reform from the CBI and Sudani. That’s all there is to it.
LOOKS like it will start out at $1.31 considering it has leveled off at 1310 before dropping the 3 zeros. They are telling the Iraqi people that in the coming days they will release the lower denominations and coins. The bills of 1’s, 5’s, 10’s, 20’s and 100’s plus coins of 1, 10, 25, and 50 wouldn’t be released at a 1310 rate unless they intended to change the rate.
https://dinarchronicles.com/2023/12/28/re-todays-frank26-iraq-report-by-woof-12-27-23/
Mnt Goat …there is always one news article to grab my attention and stands out from the rest…WOW, WOW, WOW news. It says that the purpose of foreign currency in Iraq is to deal with it outside the [national] economy, so it is not possible to consider the existence of a price in the dollar and a price in the dinar: one rises and the other falls. No monetary policy can control such a situation…Folks this is just what we have been waiting for so long to hear…This is huge news. [Post 1 of 2….stay tuned]
Mnt Goat They are finally getting off the sanctioned use of ONLY US dollars for trade outside Iraq. Yes, they are beginning to act now like they are out of the UN 1991 & 2003 sanctions, that by the way, happened over a year ago. So, yes, it is about time. We all should be jumping for joy and maybe even taking a couple sips (I said just a couple) of that refrigerated champagne… lol.. lol.. lol. Save the rest for what is coming next and that includes going to the bank. [post 2 of 2]
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KTFA:
Clare: Al-Sudani: The Iraqi government is continuing to end the presence of the international coalition
12/28/2023
Prime Minister Muhammad Shiaa Al-Sudani said on Thursday that his government is continuing to end the presence of the international coalition in Iraq after the security forces took control after defeating ISIS militarily.
This came in a press conference held with his counterpart, Pedro Sanchez, who is making a first-of-its-kind visit to Baghdad.
Al-Sudani said during the conference that Spain is part of the coalition and we referred to this role in supporting Iraq’s efforts to confront ISIS, which we defeated, adding: We are in the process of rearranging the relationship, as in light of the presence of capable Iraqi forces, the Iraqi government is moving towards ending the presence of the coalition forces.
The international organization, which includes security advisors who support the security forces in the areas of training, advice and intelligence cooperation.
He continued by saying: There have been recent attacks on Iraqi military bases and diplomatic missions, and we have confirmed the government’s official and political position regarding these attacks, which we believe are hostile acts that harm the national interest of Iraq and affect the security and stability of the country.
Al-Sudani went on to say: But on the other hand, we stressed the importance of adhering to the legal mandate granted by previous Iraqi governments for this presence, which must be within the framework of supporting the security forces in the areas of training and advice, and not go beyond carrying out military actions as they represent a violation of Iraqi sovereignty. This is unacceptable.
He continued by saying: The Iraqi government is aware, committed, and capable of carrying out its duties to preserve the security of diplomatic missions and the locations of security advisors. LINK
Bearded Patriot:
Family: All I can say is that the 1st of January is supposed to be the final turning point to our new life and blessings for our country. From that date, our notifications could be imminent.
I’m sorry that I can’t be more specific than this , but it seems that everyone’s intel and information that I gather is all over the spectrum.
Iraq COMPLETELY dropping the US Dollar is a major accomplishment, but they must revalue their dinar in order to move forward on their plans and commitments for their future. BP
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Rafi Farber: When This Daily $800B Trade Unwinds, The Treasury Market Could Implode
Arcadia Economics: 12-23-2023
As gold and silver continue their encouraging uptrends, serious trouble is brewing in the bowels of the Treasury market.
We’ve all been wondering where exactly all the money from the reverse repo facility is going, and a partial answer is the Treasury market, but not exclusively. A lot of it is going into the private overnight repo market between banks. This overnight money is in turn funding massive leveraged short trades in Treasury futures that could all unwind once the extra money finally runs out.
The resulting panic in debt markets would force the Federal Reserve to step in immediately.
