Frank26 1310 is no longer top secret. The new exchange rate is top secret. The fact that there’s a new rate is not secret and it’s not a top secret…Why Digital currency? Because the whole world now knows that it’s not a secret that Iraq has a new exchange rate…The world know the truth about the CBI…
MarkZ [via PDK] Question: If the US is gold/asset backed…and Iraq and many others as well…doesn’t it make sense for the rate to be 1 to 1? MarkZ: Yes…that is the plan. First they revalue to adjust values…then they reset to go to parity. 1 to 1 based on assets.
Pimpy There’s some great news out there. Not everything is all despair…No there hasn’t been any changes in the dinar…
Clare Article: “US Congressman Calls for Immediate Sanctions on Iraq’s Rafidain Bank, Accuses Baghdad of Starving Kurds” Quote: “U.S. Representative Joe Wilson has called on the U.S. Treasury Department to impose sanctions on Iraq’s state-owned Rafidain Bank, accusing it of laundering billions of dollars for Iraqi militias while the Iraqi government withholds salaries from Kurdish public sector employees…Wilson’s statement signals a growing push among U.S. lawmakers for a tougher stance on Iraq’s financial sector, particularly amid rising tensions between Washington and Iran-aligned actors in the region.”
Samson Article: “Al-Alaq: Iraq has one of the highest gold reserves in the Arab world, at 162 tons.”
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television showing economist saying because of low oil prices this may lead Iraq to reducing dinar exchange rate... FRANK: You can’t lower the program rate any lower…
Sandy Ingram The Central Bank of Iraq (CBI) has reported a 45.1% increase in its gold reserves in the 4th quarter of 2024 compared to the same period in 2023. Gold reserves increased from IQD 12.29 trillion in Q4 2023 to IQD 17.83 trillion which is around $13.6 billion in Q4 of 2024. This was due to both and increase in gold holdings and a rise in gold prices.
MarkZ [via PDK] Articles today asking the government what are the reasons for delaying sending the budget tables to parliament? They have everything. They have done everything and they have agreed to everything. Why don’t they have the budget tables? My opinion is because they have the new rate in it…that is why. It is very clear they are trying to hide something that is in those budget tables.
Militia Man Article: “Central Bank Governor says we will witness a comprehensive digital transformation in the financial sector.”
Samson “Economist: Lower oil prices may push Iraq to reduce exchange rate and cut expenses”
Clare Article: “America confirms the end of exemptions granted to Iraq to buy electricity from Iran” Quote: “A US State Department spokesman said on Sunday that the administration of President Donald Trump has ended the exemptions granted to Iraq to purchase electricity from Iran.“
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The governor of the Central Bank Alaq just announced that on Saturday there is an imminent transformation of banks…pointing out that Iraq will witness a comprehensive digital transformation in the financial sector. On a program rate? FRANK: No not on a program rate. This is another indication, another hint, another clue that points in the direction of where we’re going. All of this is preparation. All this preparation we are witnessing is not for a program rate and the world knows it.
MarkZ [via PDK] Article: “Iraq and UNAMI discuss mechanisms for implementing security council resolution 2732” What does this mean? The end of the UN involvement in Iraq…We were always told when we left in this capacity…We would be paid…Well we are getting ready to leave in this capacity…so we should be paid…in order to pay us they need a value change.
Mnt Goat …it is important to see and understand just what is really happening in Iraq and what has to change…They need to peg the dinar to a basket to prevent these wide swings every time there is a hiccup in the oil market pricing of oil…the value of the Iraqi dinar is already there…they have large quantities of oil reserves…along with the other products …gold stockpiles and the monetary CBI reserves, the assets can [make] the dinar rate far greater than 1/6 of a penny for a dinar…they are still artificially suppressing the dinar and I believe they are still holding to this Obama/Biden foreign policy due to the economic war between Iran and the US, at lease for the time being. The currency resetting has to take place as some point…
