Samson Article 1: “The Minister of Finance follows up on the regulation of the work of government banks with the international auditing firm Ernst & Young” Article 2: “Central Bank contracts with international auditing firm in New York“
Clare Article: “Central Bank announces results of New York meetings” Quote: “a high-level negotiating delegation headed by Governor Ali Mohsen Al-Alaq held a series of intensive meetings in New York City, USA, which included discussions with the US Treasury Department and the Federal Reserve Bank, in addition to meetings with a group of companies (Visa, Mastercard and MoneyGram) as well as banks (Citi Bank and JP Morgan) as well as international auditing firms (KPMG, E&Y, K2i and Oliver Wyman).“
MarkZ [via PDK] The Deleting the zeros project is back in major conversations in Iraq. I want to make certain you all know how that process works. They raise the purchasing power…they increase the purchasing power of the dinar. Then they issue lower denominations. They do not just chop off the zeros…..but using the large 3 zero notes would become unwieldy. They have been very clear on this from government documents, Sudani and Shabibi.
Militia Man You didn’t have anybody talking about privatizing the banks 20 years ago…It wasn’t in the pipeline. It’s obviously different from 2016. We don’t have ISSI anymore. It’s obviously different from 2018. Why would they print all that currency in 2018 and then just stop doing it? …It’s really a complex situation. It’s more than just pushing a button… There was a component of corruption…We all know they’re going to have transparency and accountability…With the likes of Ernst & Young involved the world will find confidence…You’re going to find big things are underway for this country.
Sandy Ingram Iraq exports around 65% of its crude oil to Asia markets, such as China and India and ships the remaining 20% to Europe and 15% to the United States.
Samson “After the success of the recent negotiations in Washington, an expert identifies indicators of a decline in demand for the dollar”
yada Considering the revelation of last week’s progress in NY, regarding the activation of Iraq’s ability to exchange the other currencies world wide starting Friday…The digital conversions of dinars to other currencies and visa versa. That was achieved on Friday…I believe the RI is done and awaiting the markets reopening. Trillions in dinar will gain value and contracts and agreements will be active.
Clare Article: “Central Bank contracts with international auditing firm in New York” Quote: “This came during separate meetings with a group of companies such as (Visa, Mastercard and MoneyGram), as the international auditing company (KPMG)”
Walkingstick Article: “Two conditions to achieve it .. Al-Sudani’s advisor rules out removing 3 zeros from the currency” These articles, this misleading, is intentional right now…Contradicting statements are found throughout all of these statements, all of these articles…The 25 note has to become a 25k note? There isn’t even a 25 note…When did Iraq last have a 25 note? Never.
Militia Man Article: “The Central Bank announces the participation of 13 Iraqi banks in foreign transfer in multiple currencies” Friday afternoon…10pm in Baghdad, article hits the wires. Quote: “Delegation in New York announces the start of the new phase of external transfers…facilitating international transfers” If Iraq is going to be dealing with the Euro, the Chinese Yuan, Indian Rupee, the UAE Durham they’re probably going to have to have Article VIII compliant currency that’s acceptable globally, traded on the Forex… This is big. Why do they come out on a Friday?
Bruce [via WiserNow] Sunday night…five o’clock Eastern…after the Forex…opens back up for trading… we’re going to see all new rates on all currencies…They should see all brand new rates Sunday night period. Now – we would see them, probably Tuesday since Monday is a holiday. …we don’t have this absolute, but my belief is we can get notified on Monday which is is labor day here in the United States – and then set our appointments and start on Tuesday…I’m just believing that we are finally at the end.
MarkZ [via PDK] Comment: …13 Iraqi banks now trading international currency. MarkZ: I think that one is very important. They can now exchange back and forth in different currencies. The mechanism to exchange foreign currencies went live…I think this one is huge.
