Frank26 [Speaking to Iraq boots on the ground Firefly] [Iraq] is international. So is your currency. So is your banking structure. Your new exchange rate will be the cherry on top of everything that Sudani has accomplished for you citizens. It will bring you purchasing power…security and stability from the enemy that stole your money all these years and it will be a very strong relationship with the United States of America...
Militia Man They’re talking about the issuance of money and aren’t we waiting for a new exchange rate? Yes we are. I think that’s the whole premise here. They’re getting rid of the dollar auction. Now it’s called the currency window…No wonder these guys in the street are nervous.
Kaperoni About 5 months ago, the Central Bank of Iraq discussed ending the currency auctions as we know them. This is a significant step, and several additional steps have also been made to move the banking system forward. 2025 things are changing!
MarkZ [via PDK] There was a lot of news out of Iraq overnight …20 or so stories at least on ending the year…starting the new year…and the platforms. My take away is they are going to need the new value because of the new system. They have created this new system and now is the time to breathe life into it. In the coming days without auctions they are going to start operating like any other country with a standardized banking system. This is part of their “White Paper” reforms. We are about to see a huge step for Iraq.
Frank26 They are using the old lower notes to introduce the new lower notes to you Iraqi citizens…
Jeff This news about Iraq to end the dollar currency auction by the start of 2025 probably is not credible accurate news. We won’t know till until January 2nd if they do or don’t stop the currency auction. We’ll have to wait until January 2nd to see the credibility of this news.
Clare Article Quote: “The date for closing the platform is fixed, it will not change and will not be extended. The banks have been preparing since the beginning of this year when Governor Ali Al-Alaq announced his intention to close the platform.” THEY HAVE A FIXED DATE ACCORDING TO THE ARTICLE…. SALEH SAID starting Jan. 2, 2025, the Central Bank of Iraq will no longer directly sell foreign currency. IMO THIS IS THE LAST FOREIGN CURRENCY AUCTION.
Militia Man There isn’t a reason for mentioning the minting [metal coins] if there’s not going to be an exchange rate change in the very near future…The country has not used metal coins for about 20 plus years. They took metal coins out of circulation back in 2003/2004 …If they’re not going to be minting new coins or possibly have done so, there would be no need to have a focus or even a mention of it at this point in time today. Metal and coins would not be needed…If they’re not going to change the value of the currency they probably didn’t have a need to focus in on it…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq is talking about a big party they’re having right now at the CBI for all the CBI employees who have worked so hard on the process and on the development of a new currency. They are celebrating along with the US Treasury delegation here on a visit. FRANK: I will admit that’s pretty cool. It’s also a telltale sign. That’s why the US Treasury is there.
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] Question: So did auctions stop at the CBI? MarkZ: They are getting ready to move auctions from the CBI to the banks…We are very close. Article: “Iraq to end currency auctions by start of 2025” over the next few days we are going to see so many changes…buckle up.
