Remember about the Cash Center that recently opened to receive the stashes and hordes of dinars. The first point is these were dinars NOT dollars. Dollars can be sold on the open street way beyond the “official” CBI rate and so why would anyone want this rate the banks for dollars? Next, I want to say that these centers show us some success of just the beginning stages of the process to delete the zeros. This is part of the process is to collect these stashes of notes. These are not only needed for liquidity in the banks but also to coincide with the shrinking of the monetary mass that is needed to raise the rate of the dinar, when they do pull the trigger on the higher “official” CBI rate in-country.
To incentivize the citizens to open bank accounts, part of the first step in the process, we have a few articles today informing us about this process. The titles include:
“HYBRID MONETARY POLICY”.. AL-SUDANI’S ADVISOR REVEALS THE CENTRAL BANK’S NEW STEP”;
“EXPERT COMMENTS ON THE CENTRAL BANK OF IRAQ’S DECISION TO REDUCE INTEREST: INCOMPREHENSIBLE”;
“150,000 KURDISH EMPLOYEES RECEIVE THEIR SALARIES DIGITALLY VIA THE “HISABI” SYSTEM”
Let’s take a look at these articles. The very first thing I need to point out is that all four (4) of these articles are interconnected and exactly what we needed to see at this point in time. Actually, to be honest it is early in my account and for once they are early. They don’t realize yet you just don’t put out a policy and expect it to be followed. Instead, you have to enforce it and give the citizens incentives to do it.
We had another article from the four, telling us these salary restrictions were coming to Kurdistan and now we see it is already in place and the name of the electronic banking system they are using is named “HISABI”. So this is happening fast, within the same news period. They will need tens of millions of employees not just 150 thousand to sign up, as in the article today. First the CBI reduces the interest rates then they mandate government employees to open up a bank account in order to get their payroll “electronically deposited” into the account. If this is not completed by Nov 20th they will not be able to get paid. I quote from the article “Every employee or person receiving a salary in the Kurdistan Regional Government who does not have a biometric code until the date (11/20/2024) will have his salary stopped by the Ministry of Finance in the federal government, and he will bear responsibility for that.” In case you are wondering, the biometric code is the bank account number in which will be used by HISABI system to deposit their funds.
So, we wait to see the success of this effort in the Kurdistan region, but if you think about it, it will succeed as people will want their salaries. Remember this process is already in place in southern Iraq Baghdad and was successful. The implementation of many of these programs is always done lastly in Kurdistan as the Kurds are slow to act. This is why so many are now also bringing in their dinars to the banks. This is why they established the Cash Center to take on the excessive load and rush of customers. These are NOT exchange centers. They are simply depositing their hoards of dinars in the bank and putting them into electronic form. They are staying in dinars, NOT U.S. dollars. This is Iraq, they use dinars NOT dollars. They just went through this huge de-dollarization process…remember? There is NOT going to any “big lines” or celebrations in Iraq when they revalue in country. The only thing that will happen is that they will go on with life and know they have more purchasing power, but only after the reinstatement happens. But who will have more purchasing power? Certainly inflation will go down for the average citizen but the power will come mainly from businesses who will transmit buying orders with the outside world in commerce. Reconstruction cost also will go down and their currency will be buy more from the imported materials.
The citizens have banks accounts now and so why not? They are catching up to the ret of the developed world. Also, you must remember too that the government along with the CBI is constantly now telling the citizens they are going to raise the value of the dinar to the “glory days” of the dinar.
They know it’s coming and they don’t want to eventually lose out in holding worthless three zero notes when they expire in Iraq in-country. I also want to add that the CBI is now also broadcasting the videos they produced by the committee, in which my CBI contact told me earlier this year, were being produced and ready for showing, but back then we were told – not yet. Now they are being shown to the public. Yes, it is time and so yet another clue things are close. Why in hell would they do this if not to educate the citizens of how the process will work?
Remember way back decades ago that in the fall of 2004 the citizens underwent a similar process when they had to turn in their Saddam Hussien notes for the three zero notes. Now the reverse has to happen. They are somewhat already familiar with a process and how it will work. If you talk to almost any citizens now in Iraq, they will tell you that they expect this event to happen soon.
A STILL PERIOD OF TIME BEFORE THE US ELECTIONS. WHY?
Yes, one might even get the feeling that it could happen any day now, however we know from other sources (to which I can only explain later this year to you) that Iraq is waiting for the U.S. elections to occur as there is “uncertainty” in the markets as to what could happen if this crooked administration in not thrown out of office. We all should know by now the economies and financial worlds thrive on “certainty” as least security in most part. This is why the CBI keeps harping on “Security and Stability” in order to conduct this process to the finish line.
So, here we have THE MOST IMPORTANT U.S. election in decades, and so don’t you think it important enough to wait and see the outcome? Remember the U.S. has major influence throughout the world. They can even prevent the outcome of the Iraqi reinstatement process. Get it? Hasn’t the US already been a major factor in holding up the process? We all should know by now the 2012-2013 CBI fiasco was all staged to prevent Dr Shabibi from going forward. Have you been listening to anything I have shown you over the last decade?
IT IS IMPORTANT TO VOTE THE ISSUES AND NOT PERSONALITY:
I am not doing this to take sides of Republican vs Democrat, but if the shoe fits, wear it! I certainly do not want to tell anyone in the U.S. how to vote. Yes, I am still technically a U.S. citizen living abroad. I will come to the U.S. to vote. I am still registered to vote and will. However please, please don’t vote democrat ticket just because you hate the other candidate. You must stop and look at all the policies throughout in all the parties involved. Are you truly better off with one candidate or the other? What did this current administration bring us? What will change if re-elected? Will if be better or worse?
Also, you have to use your common sense and look beyond the crooked news media channels too. We all know they are pumping lies and propaganda. It is so obvious. Are Americans really that stupid? So, lets get past this and go seek the TRUTH just as we all seek the TRUTH and FACTS about the RV process then let’s use our same brains and do the same for politics and this election, okay?
So, we can clearly see that there are still many in Iraq who don’t want Iraq to succeed and don’t care about progress, prosperity and abundance for its people. All they care about is lining their own pockets. We see this in today’s articles too when they called the CBI policies regarding the interest rates as “INCOMPREHENSIBLE” and so obviously they don’t care for the flexible “HYBRID MONETARY POLICY” of the CBI. We have to remember that sometimes there are moments when desperate times brings desperate measures. They might not be in line with things done in the past, but they work and so this measure of interest rate reduction did work regardless of the author’s OPINION that it did not work. As said in the article that 80% of the issued dinar is outside the banking system. But either the translation got messed up or this author is really off key. I quote from the article; “As for (Iraq), the previous interest rates of 7.5% did not succeed in (withdrawing the hoarded cash) out of the banking system, which exceeds 80% of the issued dinar”. So, what is wrong with this statement in the article?
First, much of the 80% of the hoarded cash is outside the banking system and we as investors physically hold it. Since the initial issue of the three zero notes the CBI has more than tripled the issued monetary mass. They must shrink it back by 2/3. There are no other measures that will get this money into the banks unless they revalue it and exchange our currency to bring it back to Iraq through the central banking system.
Secondly, the CBI is attempting to bring this money “into” the banking system not “out” of it, as the article tells us (but this could just be a translation issue too).
Third, the CBI Hybrid Monetary Policy is working and has successfully withdrew much of the cash back and is still withdrawing much of this hoarded cash back to the banks and so I don’t know why the author is saying this. I have coordinated already with my CBI contact and verified the success of the program so far. There is still more to come. They need more time. But they have a figure and know an amount they need to get.
What else is in the news?
The rest of the articles stem around rebuilding the economy and what they are doing to help facilitate this. Also there are a couple article about the U.S. and one specifically got my attention. This one is titled “MP: AMERICA IS WAGING AN ECONOMIC WAR AGAINST IRAQ”. The representative of the Sadiqoun parliamentary bloc, Rafiq Hashem, accused America of practicing economic warfare against Iraq, stressing that the trend towards Russia and China is the only salvation from American hegemony.
This attitude of the U.S. I find ironic in a way in that the U.S. has a golden opportunity to help rebuild Iraq and prosper from a roaring economy. So, why don’t they do it? Why still keep trying to suck the life out of them? We as investors have witnessed all the US corruption and even the holding back the Project to Delete the Zeros and the Reinstatement in 2012-2013. Think of how much better Iraq could be if they had completed the process in 2013, as planned by Dr. Shabibi. It is said that trillions, not billions, of dollars could have gone to rebuilding Iraq. Now with the slow reaction of the US to support the Iraq economy, as we in today’s news, one must come to the conclusion that this hegemony is what the US really wanted all along and take the Iraqi military bases to be used to control their middle eastern policies of endless wars. Sorry, but I let reality speak for itself. These are useless, endless wars being diabolically orchestrated by the CIA for the military industrial complex and all the secret payoffs in the background. One has to ask – was the 2003 invasion really about weapons of mass destruction and freeing the Iraqi people or more about accomplishing these other objectives?
So, you see that when I talk about Iraq and how it has to now dig itself out of a hole that was dug by the US you know what I mean. Everyone thought that once they were out of sanctions things would go smoothly and the process to get back their currency and grow their economy would come easy. Well… here we sit and its already over a year and a half since the “full” release of “all” UN Chapter VII sanctions. So what happened? Even the UN has said that the UN needs to let go of Iraq now. Two major steps would be in the freeing up of the revenue collection from the oil sales and abolishing the DFI fund. They second would be the re-establishment of the Iraqi dinar on the foreign currency exchanges with a fair and nominal rate. Everything else being done is to get Iraq to these two goals.
As investors we must stay focused and not go off half-cocked on all this other nonsense about some global currency reset GCR. Just remember I have been warning all of you about these scams to buy all these other currencies. The only true horse that I am betting on is the Iraqi dinar. The rest are just long shots. Get it? Of course, this is just what I am doing and so you decide what you will do but be prepared to take the consequences too and no complaints and crying over spilt milk later.
And lastly, a VERY IMPORTANT article:
“IRAQ SELECTS TEAMS OF EX-US TREASURY DEPARTMENT OFFICIALS TO REFORM BANK, FOLLOWING US PRESSURE CAMPAIGN“. Let’s explore what this news is telling us and why it is so important to us. I quote from the article:
“Chip Poncy and his ex-government colleagues in K2 Integrity’s Washington office have been meeting Iraqi officials to discuss changes to the financial sector. Now they have been tasked with cleaning up Rafidain Bank, which has been at the center of major corruption inquiries over the last year. A high profile assignment won by executives at K2 Integrity to reform Iraq’s scandal-hit Rafidain Bank will be undertaken by a team of former US Treasury Department officials who have been meeting Iraqi financial officials since the summer, Intelligence Online has learnt.
Chip Poncy, a former director at the Department’s office of Terrorist Financing and Financial Crimes (TFFC), now a partner in K2’s Washington office, met officials from the Iraqi Central Bank during a training event in Dubai on 30 May. A second meeting occured in late August in New York, attended by Ali Mohsen Al-Alaq, the current governor of the Iraqi Central Bank Poncy will be leading on the assignment with Sarah Runge, who was his assistant at the TFFC office between 2012 and 2013. Two other former Department of Treasury executives, including Poncy’s former Harvard college friend Juan Zarate and Danny Glaser, who heads K2’s Washington DC office, will also advise on the assignment, Intelligence Online understands.
An official Iraqi government statement said the company will be working to “enhance banking operations” at Rafidain in order to expand its cross-border correspondent banking relationships. K2 agreed an earlier contract to advise the Central Bank on US dollar transactions in early 2024, according to local reports citing official documents.”
These are the “big guns” coming to Iraq in the final stages prior to the movement of the process to delete the zeros and the reinstatement that will follow. If you read the article you can clearly see the reason why they are in Iraq and what their assignment is. The US Federal Reserve wants the Reinstatement and want it as soon as they can clean up the dollar and to get Iraq off the dollar entirely, except for normal banking practices as with any country dealing in international commerce. This is huge for the Rafidain bank, the largest of the CBI banks in the country.
