Newshound Guru Militia Man
The Governor of the Central Bank, Alaq, has shared some noteworthy content on the CBI website. Specifically, he has posted a 24-page guide discussing international banking. Additionally, he has written an article outlining a new system for external transfers, which is particularly impressive as he is collaborating with the Central Bank of Iraq and the United States Federal Bank. Their discussions include various currencies such as the UAE dirham, Turkish lira, European euro, and Indian rupee. Overall, Alaq is doing an excellent job.
Intel Guru MarkZ
[via PDK] On October 3rd, Iraq celebrates Republic Freedom Day or Independence Day. In history, Iraq declared its independence from Great Britain on this day in 1932. This is significant because on October 3, 2023, Iraq is expected to declare its independence from US sanctions and control over its finances. It’s interesting timing and I anticipate a significant breakthrough or even a change in value direction by Oct 3rd. According to banking sources, the announcement may come sooner.
Intel Guru Frank26
Article: “Al-Sudani orders suspension of official working hours on Oct 3.” No sanctions on Independence Day between 28th and 8th.
Intel Guru Angel1
Starting January 1, 2024, the auction process will change. Beginning this Thursday, the currency used in auctions will only be dinars.
Guru Nader From The Mid East
Today, I witnessed something that strengthened my belief in our independence. Sudani announced that October 3rd will be celebrated as Independence Day for the entire country. This means that the war has finally come to an end, which is great news. As I had previously advised, we needed to wait until the war was over and an official announcement was made. And today, they declared that October 3rd is our first Independence Day.
Intel Guru yada
The contracts have been signed, and the central banks are in sync to receive the new rate. Iraq is preparing for an unprecedented release that has never been achieved before in history. The readiness of the situation is undeniable, and the world is about to witness a significant event. This is a sure thing because of the steps they have taken and the release they are staging.
Intel Guru Frank26
The World Trade Organization (WTO) will soon hold a meeting to announce the inclusion of Iraq into its membership. It’s worth noting that the WTO does not require an international exchange rate. Therefore, we shouldn’t expect to discuss that matter here. The meeting is scheduled to take place on the 4th of next month.
Newshound Guru Pimpy
I believe that the dinar will gradually increase in value, but I hope to see some progress soon. While it’s unlikely to see any improvements this year, it’s possible next year.
Newshound/Intel Guru Walkingstick
[Aki Iraqi bank friend update] A bank based in the United States is set to open on October 1st, and this event is expected to receive news coverage. Over 700 employees in the Middle East and neighboring countries, as well as in the US, have either opened a bank account or have an account for electronic deposits related to oil procedures, retirement, and salaries.
Intel Guru MarkZ
[via PDK] A member expressed their belief that the rate change should happen soon, especially with rumors circulating about the potential removal of the Governor of the CBI. They suggested that both Sudani and Alaq’s positions may be at risk. MarkZ agreed, noting that the upcoming ascension to the WTO on October 4th adds more pressure for Iraq to make progress. It’s a critical time for Iraq to make significant strides towards their goal.
Intel Guru Angel1
We still have two tasks left on our laundry list before heading to the bank. First, we need to adjust the exchange rate. Secondly, we need to release the lower denominations, either simultaneously or shortly thereafter. I believe that the currency will be exchangeable internationally through Forex. Once that happens, we can finally go to the bank. I wouldn’t be surprised if something significant happens soon.
Newshound Guru Pimpy
It seems like they are making progress at a fast pace. I wish the sanctions could be lifted, and the military authorization could be reversed. It would be great if they could be expedited and added to the World Trade Organization. I also hope the development of the road, railway, and the Port of Faw can be completed quickly. These improvements could greatly benefit the economy of Iraq, but it will take time to achieve them. We cannot expect it to happen overnight.
Intel Guru Frank26
[Iraq boots-on-the-ground report] According to Firefly, there is news that the global financial world has fully accepted and supported Iraq. Financial institutions like JPMorgan Chase are reportedly welcoming Iraq Sudani, which is expected to attract more investors and be beneficial for Iraq. Frank also mentioned that even Wells Fargo is showing support.
Intel Guru MarkZ
[via PDK] Question: Will the RV be announced to the public?
MarkZ Answer: Yes, it will be announced. However, it is unlikely that they will use the same terms such as RV or Revaluation that we commonly use. They will most likely refer to it as a “financial reset” or a “sound money act” or similar terms. This will indicate that they have moved to an asset-backed system and have introduced new currency bills. You will be able to see this news everywhere, but it is important to pay attention to understand what is happening.
