Samson Article: “Exchange rate rises in local markets as dollar selling platform in Iraq nears completion”
Frank26 I will show you the thousands of places where Aki’s type of bank will be. Those are the CBI private banks where you can exchange the IQD for whatever currency you want. If you’re at a bank in Michigan it’s converted to American dollars. If you’re in Australia it’s converted to Australian currency and so forth and so forth...For everybody outside of Iraq it will be super easy because of all of these exchange centers they are setting up.
Militia Man Saudi Arabia worked heavily to get Iraq ready to be able to have accession to the WTO. You haven’t heard about that lately have you? Probably not. I haven’t really either. The truth is it is ongoing in the background.
Sandy Ingram Iraqi banks outside of Iraq…when you visit one of these banks it may be easier to ask for the currency of the country you are in. You can then transfer the monies into your PayPal or bank account, whereas you would not be able to transfer the monies…using the Iraqi dinar…Then convert the currency once you’re back in the United States into U.S. dollars.
MarkZ [via PDK] I did speak with a redemption center/redeeming bank contact who said they are expecting to work this weekend. This was surprising…. He did not know if they are doing “year-end” stuff or something else. They were asked to bring laptops for some reason. Maybe some kind of training and they will be calling clients for wealth management or will it be redemption related? They do not know. Remember that redemption centers/redeeming banks are part of existing banks….and many people trained for our exchanges/redemptions work for those banks in Wealth management already. My contacts are trained by banks to exchange foreign currencies and they work in wealth management for the bank.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV is talking about allowing electronic passports to the United States of America. Cities like Los Angeles and Michigan. They’re saying there are large numbers of Iraqis in those two USA states…Iraqis in USA will have money to get back here…Maybe if they give us our money, these Iraqi citizens will be able to travel back to the country they left. We think this means something. FRANK: You’re seeing it correctly. Sudani is reaching out brilliantly to the core of Iraqis that ran away back in 2003. Sudani is welcoming them back and making it easy for them with these passports…
Walkingstick [Iraqi bank friend Aki update] WAlKINGSTICK: How do you feel about Chase Bank being in your country? AKI: It’s ok. We work with all kinds of banks. Chase is going to be the largest player in the exchange of the Iraqi dinar. Chase is very vital to our monetary reform success. Chase is not in Iraq to lose money.
Samson Article: “Get ready.. The exchange rate is about to rise again: The dollar selling platform will stop and “the shock is coming” ”
Militia Man The dollar auctions are what’s the problem. That’s where the corruption is and that’s about ready to go bye-bye because [Alaq] said he’s getting rid of the black market. The things he’s doing is naturally gradually getting it done. I think by changing the exchange rate with Article 12 in the Gazette, budget being exposed we’re going to find out…They’re not paying salaries and not reopening the oil after losing $20 billion to keep the exchange rate at 1310. That doesn’t make sense to anybody…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy told me the dollar auctions were the main and only thing that was holding down the value of the Iraqi dinar and now that Iraq has opened channels to the international countries for money transfers and when the black market of the dollar auction closes it will allow the value of our currency to go up. FRANK: I agree with him 100%…The stoppage of the auctions is the key to everything. All of the other dominoes are going to fall one after the other at a very fast pace…Sudani is working very hard to make sure that he closes the auctions with everything in place in order to give you purchasing power he promised you…
MarkZ [via PDK] I am getting more rumors on rates. Two more contractors believes it will be in the $3.92 range. The one I have most confidence is still staying quiet on the rate. He says “Yes we had meetings, and are negotiating rates”- but nothing more.
Mnt Goat I am told by my CBI contact that if it is successful after monitoring for inflation, then if all is good, the CBI will launch the Project to Delete the Zeros and we know what comes next. They will have too also launch the new peg of the IQD to the new basket of currencies. Are you happy yet?
