April 8, 2023

Frank26 

 Hold onto your dinars because they’ll soon have value.  And you’ll be able to take those 3-zero note and convert them for – depends on where you come from. 

What are the 2 months of the year that the Central Bank of Iraq has historically has made a change to their monetary reform? April and September. What month are we in?

What are the 2 months of the year that the Central Bank of Iraq has historically has made a change to their monetary reform? April and September. What month are we in?

Wolverine …I’m told that hopefully within 48hrs Iraq should be ready to go and that will set up the Green Light so we can move forward.  Notifications I was told should be coming on the weekend or latest by Monday.

Pimpy

 Things seem to be calm over there.  There’s a lot of agreements going on and it looks like Iraq is moving forward in a major way which I’m excited about.  I do want to see the Iraqi dinar increase in value so does everybody else.

Wolverine 

 …I’m told that hopefully within 48hrs Iraq should be ready to go and that will set up the Green Light so we can move forward.  Notifications I was told should be coming on the weekend or latest by Monday.

Nader From The Mid East 

My guy from California  says implementation has already been done.  This week has been a lot of good news.

Bruce

 [via WiserNow]  Iraq is going to make their additional increase in the Iraqi dinar rate. It’s substantial, and this would be an in country dinar rate…Meaning in country of Iraq and this will be their official increase in the rate of the dinar. And I believe that will take place Sunday, our Easter Sunday, which in Iraq is their first business day of the week…now that would reflect on our bank screens – Forex – probably Sunday night or Monday…we look pretty solid for Monday into Tuesday – right now…That’s the latest information that we have so far.

Militia Man 

 The draft budget law…the whole process is about the citizens and for implementation of investment projects…it’s about the private sector…Everything is changing.  What are they telling you?  If they’re going to the private sector, they’re going international.  That is huge.  We’re in a huge space at this time…

The draft budget law…the whole process is about the citizens and for implementation of investment project…it’s about the private sector…Everything is changing.  What are they telling you?  If they’re going to a private sector, they’re going international.  That is huge.  We’re in a huge space at this time…

MarkZ

“Baghdad’s draft budget includes Article 140-Peshmerga”  We had suspected this but now have the proof.  Article 140 is the HCL law.  This is very important as many of us thought the vote on the HCL was going to be a separate event…but its already in the budget …this is a key piece of information for us.

 The budget has been approved and now we are just going through the process until it is officially in place. Articles come out saying how effective the revaluation has been from 1300 to 1132…I am still expecting a bigger rate change. We know what their target is and they know what their target is…We are all hoping this is going to be a phenomenal week for us.

Deepwoodz 

“The budget is halfway there…a challenge to the government and a test for the coalition state – Urgent”  I like this one!  I think you can calculate the rate using these budget numbers.  I think a rate change eliminates the “deficit” to be a balanced budget…Interesting that the “planned” deficit is 1/3 the planned budget. Or 3/1, or 3:1…or 3.12/1 to be more precise depending on which way you turn it. 

Judy Byington Sat.

 Note: All intel should be considered as “Rumors” until we receive official announcements …and “Rates and Dates” could change anytime until we get to the banks/redemption centers. RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 8 April 2023 Compiled Sat. 8 April 12:01 am EST by Judy Byington Judy Note: With all the Chess Game playing going on between the Alliance and Cabal, it’s hard to keep everything straight, so I offer the following possible explanations to a few things: 

Global Currency Reset: None but a select few knew the exact timing, nor when Tier4b (us, the Internet Group) would receive their exchange/redemption appointments. By Wed. 29 March the Iraqi Dinar had revalued in-country and was trading internationally as a gold/asset-backed currency. On Sat. 1 April the new Global Financial System became official including the gold/asset-backed US Note. As of Sun. 2 April the financing of Bonds had been completed. (This was a big deal because Bonds funded the Global Currency Reset).

 On Mon. 3 April Bond payments began including the release of Fines and Penalties. Wed. 5 April the USD was no longer accepted in any country except the US, Canada and Mexico. Those three countries would accept it for another three months. Thurs. 6 April: Activation-liquidation of Dubai 1 working capital funds. Mon. 10 April: With the GCR now fully funded, Dubai 2 groups of Sovereign Buyers will start contracts with various trusts and large file sellers. Wolverine Thurs 6 April Update: The official start is Mon. 10 April. The Group of Redemption buyers will initiate all contracts with various funds and sellers of large registered files. The paymaster funding process will begin with the official notification of the 1% payment submission. The first installment is 1% with 9% paid in 8 days. 

Jared Rand: 

From a new report, there are 120 countries that are in the BRICS now, and not using the corrupt Fiat Petro-Dollar. The illuminati (Federal Reserve Bank) is out of money and everyone is moving away from it. This will crash the system soon, so we can start up the New QFS, Rainbow Currency, and NESARA. There are now about 250 banks in America that have failed now.

 FIREFLY: A Bank friend said that as of last Monday the dollar was no longer accepted in Iraq and it was not the national currency of Iraq banks. Citizens were not allowed with any dollar transaction. Sandy Ingram: VND exchange rate increase against the US dollar. Article: “Financial experts say Vietnam’s economic growth to reach 6.5% in 2023.″ The Vietnam dong is traded on the Forex market. The VND rate is going up, up and up against the US dollar in the past several weeks. This means somebody on the Forex market made a profit.

Iraqi News 

Iraq Economic News Highlights Saturday Morning April 8, 2023 

Expert: The Tripartite Budget Gives The Government Full Powers To Borrow About 42 Trillion Dinars 2023.04.08 – Baghdad – people    Nabil Al-Marsoumi, a professor of economics at the University of Basra, warned, on Saturday, of what he described as “the country’s sinking in a sea ofdebt.” Al-Marsoumi said in a post followed by “NAS” (April 8, 2023),

 “Perhaps the most dangerous thing in the budget is that it is tripartite and not annual, which means that spending will continue in the next year, not on the basis of 1/12 of actual spending, but rather on the basis of what is allocated in The budget in the previous year, and this may lead to freeing the government’s hand in internal and external borrowing, especially with the disappearance of the cash surplus that will be used in this year’s budget, in addition to that it is possible for the budget to continue in its current form without amendment in the next two years without Parliament having legal powers To reject it or amend it, which will plunge the country into a sea ofdebt.”

 He added, “In other words, the tripartite budget legislation will give the government full legal powers to borrow 41.5 trillion dinars, not in 2023, but also in the years 2024 and 2025, which means that the government can borrow internally and externally without referring to Parliament, an amount of 121.5 trillion dinars during the budget.” for the three years 2023, 2024 and 2025.

Parliamentary Finance: So Far, There Is No Agreement To Pass A 3-Year Budget Time: 04/08/2023 {Economic: Al Furat News} 

A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed today, Saturday, that there is no agreement to pass a 3-year budget so far. “Until now, there is no agreement to pass a 3-year budget,” Cougar said in a statement to {Euphrates News} agency. And Cougar indicated that “the committee will focus on the budget for the year 2023, and we will sit with the government for the purpose of discussing some paragraphs.” On the thirteenth of last March, the Council of Ministers approved the draft financial budget law and submitted it to Parliament for a vote, with high proposed expenditures and investments, driven by the increase in oil prices, for a period of 3 years, starting from 2023.  Raghad Daham 

 An Economist Reveals A “New Variable” That May Affect Oil Revenues And The Budget An economist warned against Iraq following the Saudi monetary policy, and while stating that the latter has its own reasons for reducing oil production, he stressed the need to beware of a “new variable” with the Turkish side that might wreck oil revenues and the budget. The economist, Nabil Al-Marsoumi, said in a press interview seen by “Takadum” that “the absence of a strategic horizon for economic thinking in Iraq prompted it to be subordinate to the Saudi monetary policy,” noting that “Saudi policy has its strategic priorities, and one of the reasons for its agreement with Russia to reduce oil production Because of the great loss suffered by the National Bank of Saudi Arabia, one of the major investors in the Credit Suisse Bank in Switzerland,” which has recently collapsed. 

Al-Marsoumi continued, “The dependence of the Iraqi monetary policy on Saudi Arabia will lose a lot, because Saudi Arabia today has a basic oil production line of 11 million barrels per day, while the baseline for oil production in Iraq amounts to 4.6 million barrels, and this indicates a large gap in numbers.” He explained that “Iraq is forced to reduce oil production due to Saudi pressure, and as a result it will not be able to proceed with the development of its production capabilities. Iraq plans to have oil production at 6 million barrels per day in 2027 and has signed with the French company Total to raise oil production in one of the fields.” “The procedures and policy of reducing production collide with Iraq’s presence in OPEC.” He added, “The oil countries have economic and social buffers to face the crises, including the possession of large sovereign funds that can absorb any crisis, on the other hand, Iraq does not have any buffer other than its cash reserves.” 

Al-Marsoumi stated, “The new variable that appeared for Iraq is that Turkey refuses to allow the resumption of Iraqi oil exports, and demands the settlement of financial requests from 2018 to 2022 before allowing Iraq to export oil from the Kirkuk fields, and this means that Iraq will be affected by stopping 450,000 barrels and not flowing abroad.” “. He stressed that “this new variable may ravage oil revenues and the budget, because Iraq is bound by its agreement with Kurdistan, to receive the value of 400,000 barrels of oil and pay the share of 16 trillion dinars in the 2023 budget.”  

 To Avoid The Deficit.. A Parliamentarian Presents A Solution To Resolve The Oil Price Clause In The Budget Today 14:56  Information/exclusive..  Member of Parliament, Rafik al-Salhi, proposed today, Saturday, a mechanism to resolve the oil price clause in the budget law, while he expected it to be passed during the holy month of Ramadan. Al-Salihi said in an interview with Al-Maalouma agency, “The House of Representatives will vote during the blessed month of Ramadan on the draft law budget for the current year and resolve the matter.”

 As for the varying oil prices, and their relationship to the price specified in the Iraqi budget, Al-Salhi stressed: “It is necessary to put a price lower than the current prices offered in the global markets so that there is no large deficit in the budget,” noting that “this is what has been worked on during all sessions.” government in previous years. The member of the House of Representatives explained, “Oil prices are evaluated at a lower price than the current price, so that there is no economic turmoil about this matter and thus causes disruption of the budget.” 

And Al-Salhi stated, “The first and last goal of the House of Representatives at the present time is to pass the budget, given that many projects and important works for the Iraqi people depend on this law.” The Council of Ministers had estimated oil prices in the financial budget law at 70 dollars, which sparked an economic controversy, especially with the fluctuation of prices in global markets. Last Wednesday, the House of Representatives held the first session to read the draft budget for the current year, which focused on defining the budget items and its most important paragraphs.

 Iraq’s Oil Exports To America Doubled Saturday 08, April 2023 10:37 | Economical Number of readings: 260  Baghdad / NINA / – The US Energy Information Administration announced, today, Saturday, that Iraq’s oil exports to America increased during the past week. The administration in a report, that “the average US imports of crude oil during the past week from nine countries amounted to 6.36 million barrels per day, up by 1.833 million barrels per day from the previous week, which amounted to 4.532 million barrels per day.” day.” She added, “Iraq’s oil exports to America amounted to an average of 345,000 barrels per day last week, up by 207,000 barrels as a daily average from the previous week, in which oil exports to America amounted to an average of 138,000 barrels per day. ” She pointed out that “most of America’s oil revenues during the past week came from Canada at a rate of 3.890 million barrels per day, followed by Mexico at an average of 920 thousand barrels per day, and oil revenues from Saudi Arabia amounted to 514 thousand.” , and then Nigeria at a rate of 302 thousand barrels per day. According to the administration, “the amount of American imports of crude oil from Nigeria amounted to an average of 129,000 barrels per day, from Ecuador 80,000 barrels per day, from Colombia 71,000 barrels, and from Libya 14,000, while it did not import any quantity from Russia.”

The Dollar Falls To Less Than 1,500 Dinars In The Iraqi Market The dollar falls to less than 1,500 dinars in the Iraqi market 11556 Market   Economy News – Baghdad  Today, Saturday, the exchange rates of the dollar fell to less than 1,500 dinars in the local markets. Baghdad   Sale: 149,750 dinars per 100 dollars   Buying: 147,750 dinars per 100 dollars South 

  Sale: 149,500 dinars per 100 dollars     

 Buying: 147,500 dinars per 100 dollars North  

 Sale: 150,000 dinars per 100 dollars     

 Buying: 148,000 dinars per 100 dollars

The Decline In Dollar Prices In Baghdad And Erbil 2023-04-08 02:23   Shafaq News/ The exchange rates of the US dollar decreased against the Iraqi dinar today, Saturday, in the main stock exchange in the capital, Baghdad, and in the Kurdistan Region. Shafaq News agency reporter said that the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded 148,800 Iraqi dinars for 100 US dollars this morning. On Thursday morning, the prices were 150,000 dinars for 100 dollars. Our correspondent indicated that the buying and selling prices decreased in the exchange shops in the local markets in Baghdad, where the selling price reached 150,000 Iraqi dinars per 100 US dollars, while the purchase price amounted to 148,000 Iraqi dinars per 100 US dollars. As for Erbil, the capital of the Kurdistan Region, the stock exchange does not trade on official holidays, but the exchange offices traded dollars and recorded a decrease, as the selling price of the dollar reached 149,000 dinars per 100 US dollars, and the buying price reached 148,000 dinars per 100 US dollars.   LINK Government moves to mitigate the effects of changing the dollar exchange rate

 Economy| 11:28 – 08/04/2023   Baghdad – Mawazine News  Today, Saturday, the Baghdad Chamber of Commerce revealed the existence of joint moves between the government and a number of trade unions and organizations aimed at mitigating the severity of the effects resulting from the change in the dollar exchange rate, and its negative repercussions on the level of income of individuals and the economic movement in general. The advisor at the Baghdad Chamber of Commerce, Ali Hadi Jouda, said, “An important meeting was held in the Ministry of Planning to discuss the effects and repercussions of changing the exchange rate on the various economic sectors, especially commercial, industrial and real estate, which was undertaken by the Central Bank on 2-7-2023 and approved by the Council of Ministers.” , stressing that “the participants in the meeting presented a number of recommendations that will be submitted to the Council of Ministers with the aim of mitigating the effects of changing the exchange rate.” Judeh pointed out that “the Chamber of Commerce presented, in turn, during the meeting a realistic diagnosis of the problems resulting from changing the exchange rate of the dollar, and presented a number of solutions commensurate with the origin of the problem,” noting that “these opinions and treatments were presented to the Ministry of Planning and will be submitted to the Council of Ministers,” according to the official newspaper. 

Report: The Drop In The Exchange Rate Of The Dollar In Iraq Because Iran Stopped Buying It From The Black Market Economy  |Today  Baghdad Today – translation On Friday, the local Iraqi markets witnessed a decline in the exchange rates of the dollar, driven by expectations of a further decline in the value of the US dollar against the dinar, as a result of Iran’s cessation of buying dollars from the Iraqi black market, after costs rose to unprecedented levels. The Middle East Eye network revealed, according to a report translated by (Baghdad Today), that the Iranian authorities found themselves forced to pay 400,000 out of every million dollars to obtain the currency, which incurred great economic losses and forced them to stop illegal purchases of dollars from the market. Iraqi black woman,” according to the report. The report indicated that “Iran’s suspension of purchases has greatly increased the levels of currency present in the Iraqi market,” stressing that “exchange outlets and private banks that kept large amounts of dollars withdrawn from the Iraqi market in favor of Iran, found themselves owning large amounts of currency.” 

America without the presence of many buyers after Iran stopped the purchases. And she continued, “According to the information obtained by the network from an official in the office of the Prime Minister, Muhammad Shia’ al-Sudani, Iran stopped buying dollars from Iraq a week ago, which reflected positively on the availability of hard currency inside the Iraqi market.” That stop, in any case, was associated with Iran shifting its focus. Towards a new mechanism for obtaining the dollar. The network revealed, “The Iranian authorities, who used to pay large amounts of money to currency smugglers, including individuals whose names are used to obtain sums of money amounting to seven thousand dollars for travel trips outside Iraq, have now found a new way to use them to feed their economy in dollars through electronic prepaid cards.” 

She said she was also under pressure. The Iraqi authorities quickly revealed, according to the description of the network, currency smuggling operations using electronic prepaid cards destined for countries abroad, and arrested a number of travelers who possessed large quantities of the aforementioned cards, which prompted Iran to place another temporary suspension on the operations of obtaining dollars from the cards. . Iran, according to the network, is heading towards smugglers from the countries of Jordan and the UAE to obtain dollars through smuggling networks from Iraq after stopping its purchase through Turkey, which put Iran under more pressure due to the high costs, which it reflected on the Iraqi authorities through criticism directed at it in particular and through channels diplomacy, according to the network. 

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