I have to start today with some really good news.
In fact, I would definitely call it a good article. The title is “TRADE BANK OF IRAQ ANNOUNCES THE IMMINENT OPENING OF A CASH DEPOSIT CENTER IN KARKH”
The article is telling us that the Trade Bank of Iraq announced on Monday, the imminent opening of the cash deposit center in the Karkh side. What is a “Cash Deposit Center”? And most importantly why establish these centers, which this one will not be the last.
The opening of this center is imminent based on the directives of the Respected Prime Minister, Mohammed Shia Al-Sudani. It was explained in the article that this center receives all cash deposits only for all customers,” indicating that “this is a new service that the bank will launch with the aim of providing the best services to customers, and to contribute to reducing the pressure of cash deposits on its other branches in Baghdad.” So where is all this cash coming from and why a sudden surge in citizens bringing cash to the bank? But this cash center is not alone in receiving these cash deposits. It is only taking the pressure off the overwhelmed other banking institutions. Yes, this is really happening in Iraq and I have FULL confirmation it is now ongoing.
Remember I told you, that the CBI needs to shrink the monetary mass by two-thirds (2/3). How can the do this if the citizens didn’t trust the banks. Well now with the electronic banking effort and the transition to the digital banking it appears they are now beginning to bring in their hard currency to the banks for deposit. The banks need some of this money for liquidity to loan out. Remember it all just becomes digits for now until they issue a smaller percentage of it in the newer lower denominations.
This article is yet another sign this is happening and will progress further as the weeks and months roll on. Why else would they set up bank branches for the sole purpose of taking in cash only? There must be a lot of it coming in. The CBI will have to retrieve close to 70 trillion dinars.
After talking to my CBI contact about this article I was told that this process is part of the Project to Delete the Zeros and her committee is now working with the banks to retrieve this hard currency. They expect it mostly in dinars not dollars. The dollars the citizens can sell to the Black Market and get higher rates than the official rate. But it is the dinars the CBI wants. The important part is coming to you today to explain all this is that the Project to Delete the Zeros has begun. But we must not go off half cocked yet. Let’s just watch the steps that must be accomplished for the project to be successful.
If you really want to know the TRUTH about this RV you must first be grounded in the plan, know the FACTS and know what to expect and what is coming. Then guage the news to the plan to see where we stand in the process.
Her name is Melonie Hinds. Yes, another drunkard doing her videos either drunk, drinking or hungover. If you should stumble upon her site please, please take a look but only for laughs. Don’t believe a word she says. Yes, she still believes there is going to be “lop” and actually tells her listeners this. Obviously, she has no idea what a lop actually is and how it is used by the IMF as a tool. The term is very specific to the IMF and how they proceed with the process.
Instead of the Melania bullshit, Iraq is going to experience a “redenomination” of their currency meaning to execute the process of swapping out larger three zero notes for newer, fresher, clean, lower denominations. They must shrink the monetary mass and this also is part of the revaluation process, as if put more currency in circulation (print it) you cause inflation. So, the opposite is when you take money out of circulation. You cause deflation, which is revaluing your currency or making it worth more. There is also all the other assets and variables involved that will FORCE the system to bring back the dinar to its nominal value, finally.
They are not doing this redenomination because of hyper-inflation, as Zimbabwe did in 2016, but rather to “normalize” their currency back to their “normal” denominations, as before the sanctions took place. They will also need a “normalized” rate and not this current “suppressed: rate. Yes, they could have had hyperinflation if it was not controlled and they expected it. But the reality is it did not happen and was prevented. This is what made the situation good for Iraq but also so weird too for the last 20 years.
As of December 2022, all Chapter VII sanctions are over and it is time to get back to normal. Yes, it is a long process and so far it has taken them this long since just to get to the point they are now. So what is normal? It certainly is not keeping these larger three zero notes forever. These three zeros notes are also sometimes referred to as “sanctioned notes” when I talk to my CBI contact.
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Does the CBI have a time table to their plan of reforms and are they following it?
If you kindly go read the article titled “MINISTER OF FINANCE STRESSES THE NEED TO ADHERE TO TIMETABLES TO ACHIEVE ECONOMIC REFORMS”
Finance Minister Taif Sami Mohammed stressed, on Thursday, the need to adhere to timetables to achieve economic reforms. Didn’t my CBI contact tell us that there is a timetable and that they are now targeting early 2025 for the reinstatement. Everything they are doing from now to the end of year is geared towards this target is on a timetable. Is this why they are also now setting up these cash centers with only less than a month prior to the US elections?
Why in hell is the US Treasury taking up an entire floor in the CBI building, if not to push this process forward to stay on track of their timetable. As long-term investors we all know how Iraq works and they are very slow and need someone to drive them. They will need this RV and Reinstatement to occur as part of a much bigger plan, to which I am not now allowed to talk much about, but I will if you are still with me as we progress closer to early 2025. So, the overall plan, is set to kick into high gear in early 2025 and they don’t want anything to stop it. I have to also ask, why is there so much caution in not getting caught up in the Israeli aggression in middle east which as we all should realize by now it really an Israeli occupation & terrorist policies in the middle east. What have they been telling us all along – “they will need a STABLE and SECURE Iraq” to execute this plan of the Project to Delete the Zeros. Come ‘on you have to see it by now.
My CBI contact also told me that between the U.S. election, in early November, and the end of the year her committee will be working on the steps necessary to get them to this target in the Project to Delete the Zeros completed. So today we read that they are now in the beginning stages of setting up these “cash centers” specific to collecting the stashed and hoards of dinars outside the banking system. Have we now read so much about this need do this over the last years, which if you read the plan, is an integral part of the plan.
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Also in the news is more about the reforms in the Iraqi Stock Market (ISX) and the success of them so far. Also some new reforms coming to help it even more. Two articles worth reading titled: “A QUALITATIVE SHIFT AND AN INCREASE IN TRADING.. SECURITIES ANNOUNCES THE LAUNCH OF A NEW WEBSITE FOR THE IRAQI MARKET” and also “BAGHDAD REACHES AN UNDERSTANDING WITH THE DOHA STOCK EXCHANGE”. Both of these article can also be “WOW!” news in themselves so we can see how these reforms fit into the bigger picture on the Pillars of Financial Reform that we read so much about in the White Paper and must first take place to get to the Reinstatement back on FOREX, as they told us must happen first that will lead the dinar back to FOREX. Again, I am telling you the reinstatement back to FOREX is just a result of the execution and work of the reforms. It is a byproduct of the White Paper. It must take place, if the reforms are successful. So, why not follow the reforms and see where they are and what they are doing.
