Mnt Goat …my CBI contact…told me that the next in-country rate change of the dinar is coming and sooner than we might think.
Frank26 Question: “Do you think the release has anything to do with who’s in the White House?” Hell yes.
Bruce [via WiserNow] we’re in a really good place right now…it’s quite conceivable that we will have a true celebration…on Thursday… That’s Thursday, January 2…We know that the staff, the leadership and the staff of the redemption centers are going in Thursday…the second to be ready for us…if the information we’re getting is coming through for us, every reason to believe we are going to get this…by Thursday…
MarkZ [via PDK] “The CBI announces the official closing of the dollar selling window” Auctions are done and closed and they have announced the transition to the new process. There was no auction today.
Militia Man They’re putting the parallel market to rest. That’s probably what’s going to happen. Would there be some sort of one in the future? Could be, but we’re going to find out.
Jeff Article: “With the beginning of the new year, the US dollar enters a new phase in Iraq” They’re trying to tell you here is the currency auctions and the use of the electronic platform will continue at least into sometime early 2025…Again the currency auctions are not ending by the end of 2024. They’re not ending by January 2nd. The currency auctions will continue into early 2025…As of January 7th they have a scheduled execution date for remittance auction…
Fnu Lnu [Reply to Guru Bruce 12-31-2024 post below] Here we have a complete lack of understanding of the “Dinar for Oil” program. First: There are NO redemption centers and NO contract rates. You must hold a private sales contract which is pre October 2011. All contracts were suspended by court ordered injunction in late October, 2011. Secondly: There will be DeLarue machines at the off premises / satellite bank offices. They will not offer you a contract rate A) Because you don’t have a contract and B) because the price of an Iraqi barrel of oil as of November 2024 is $80.50. If you think you’ll get $80.50 per dinar I have a mountain chalet in Miami I’ll sell you real cheap…
Above mentioned Post is below
Bruce [via WiserNow] …the redemption centers will…have a Delarue machine to count and verify your currency…They’ll offer you a contract rate, which is the per barrel price of oil that Iraq is selling their oil for…Let’s have a…really beautiful, safe New Year’s Eve.
MarkZ [via PDK] A number of people have checked in and they are very excited about the education and conversations in Iraq. The talk has been overwhelming about small notes…or lower denominations…this is from government and banking employees throughout Iraq. Why do they need smaller notes?
Frank26 Question: “Does the rate have to be posted on Forex for it to be official?” No because Forex is secondary…The number one place that it will be at long before anybody is the CBI.
Clare Article: “What will happen on Sunday? Goodbye dollar auction.. Central Bank announces the end of 20 years of billions and suspicions” Quote: “The matter has been settled.. Iraq will no longer offer its precious dollars in the controversial dollar auction, or what was called the foreign currency sales window and the electronic platform. After 20 years since the start of this procedure, Ammar Khalaf, Deputy Governor of the Central Bank, confirmed in a statement to the 964 Network that the dollar platform has become closed in compliance with the date set by the governor to close it at the end of 2024.”
Militia Man Article: “Parliamentary Finance Committee demands clear guarantees to resume oil exports from the region” That would likely be an exchange rate for determination of the precise clarifications and guarantees. It looks to be a timing thing now for Iraq to expose a new exchange rate…
MarkZ [via PDK] Question: When the auctions end-then we get a new rate? MarkZ: They are supposed to…it may take a few days without the new rate so they can let things stabalize…but then BAM…we get a REER (Real Effective Exchange Rate). At least that is what they have been telling us from Iraq.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television says the matter has been resolved, there is no money dollar currency auctions platform anymore after 20 years. FRANK: No wonder they’re showing you the old lower notes. FIREFLY. This is from the CBI spokesman. FRANK: This is an official source then. They’re over.
Wolverine [via Judy Byington] …get prepared everyone because this time it’s coming…All protocols have(allegedly) been met and everything is ready to go…I’ve had many on a conference call and they all said that we are about to go anytime right now and many are pointing to the 1st and 2nd of January 2025…
