Newshound Guru Militia Man
“All contracts within Iraq must be paid in Iraqi dinars,” said the article. I don’t have anything else to add.
Intel Guru MarkZ
[via PDK] Today, there are high expectations for some announcements. We have heard reports of Wells Fargo contacting wealthy customers who reside in states without their banks, indicating their readiness to do business with them. This has led to a lot of commotion among bankers, who are trying their best to attract these customers. The redemption team is also prepared for any potential influx of customers and are working around the clock. It seems like everything is moving forward positively, and the long-awaited event might finally be approaching.
Intel Guru Angel1
During the period when Iraq was under sanctions, they were given a program rate. However, the auctions were the key factor that allowed them to function under these circumstances. Now, the way they conduct auctions is changing. In the past, to pay for imports, one had to participate in auctions and submit invoices, proof, and paperwork, which took about two weeks. However, this process is going to be replaced. Now, even a coffee shop can pay for their imports through their bank, just like any other normal country. This exciting development means that Iraq will become internationally acceptable and have a tradable currency with value.
Intel Guru Frank26
It is my understanding that on the 28th of this month, Iraq will be able to conduct international financial transfers without any restrictions. This is exciting news! I believe this period will last for 10 days, until the 8th of next month, during which we may also see the HCL. I am confident that the reason we have not yet added the HCL and other items is due to the lack of a new international exchange rate. These 10 days hold great potential for many payments to be made.
Intel Guru MarkZ
[via PDK] It is important to note that state contracts in Iraq are now being executed in Iraqi dinar, as part of the country’s de-dollarization process and efforts to assert sovereignty over its currency. In addition, old contracts are also being converted to dinar. An article states that Iraq has implemented a dinar-only policy for domestic transactions. While they plan to honor contracts at the current exchange rate, they acknowledge that this rate may change in the future. However, they are committed to ensuring that all contracts are converted based on the official exchange rate, which is a significant step forward for Iraq.
Intel Guru Angel1
This Thursday, there will be some changes in the auctions according to an announcement by CBI. This will be on the 28th which is their banking Friday. This means that they will automatically go offline. However, it’s not advisable to expect too much on Thursday. The official implementation date is set for Thursday by CBI, but it’s uncertain if we’ll see the changes on Friday or Saturday. Nevertheless, it’s very close to happening.
Newshound Guru Pimpy
Yes, there are a lot of reasons to be excited about the Iraqi dinar’s future. There are a lot of steps taking place to make things happen. This Authorization of Military Use would definitely give Iraq back their sovereignty. They’d be free to do what they want without asking for permission all the damn time.
Intel Guru MarkZ
[via PDK] There are currently a lot of rumors going around, but the biggest news of the day is that the Senate has passed a resolution to end the sanctions and war on Iraq. This is a significant development, and once the house passes it, Iraq will regain full control over their money, oil, and destiny. It will be interesting to see what unfolds in the next few days, as many believe that something may happen overnight. However, I personally believe that we may not see any major changes until the weekend at the earliest. Despite the uncertainty, the news is generally positive.
Intel Guru Frank26
Sudani has completed his mission at the UN and the US Treasury. The next mission is to the citizens on October 1st.
Newshound Guru Kaperoni
There have been multiple articles in the past few days discussing the establishment of a unified treasury account in Iraq. This has been a topic of discussion for several years because it is imperative for the central bank to monitor the inflationary pressure that arises from investment capital. A unified account streamlines the process and makes it easier to gather statistical data.
Newshound Guru Clare
The article titled “Al-Sudani orders the suspension of official working hours on October 3” states that the Iraqi National Day is celebrated on October 3 to commemorate the country’s declaration of independence from the British Mandate and its joining of the League of the United Nations on the same day in 1932. This day was proposed to be made a national holiday in 2008.
Intel Guru Angel1
Did Sudani make an announcement today? Yes, he did. He declared that they will have a special holiday – their very first Independence Day on October 3rd. Iraq has never had an Independence Day before, and the citizens are thrilled about this news. Reports from the ground say that they are overjoyed.
Newshound Guru Pimpy
It is expected that Congress will vote on whether to reverse the authorization for military force in Iraq, which will be a significant decision. It remains to be seen what the outcome will be, but it is possible that a modified version of the authorization will still be beneficial for Iraq.
Intel/Newshound Guru Holly
Exciting events are on the horizon for Iraq. Firstly, after 30 years, the USA sanctions on auctions for Iraq are being lifted. This was signed off by the treasury last week while Iraq was in the USA. Secondly, Iraq is set to become a member of the WTO by October 4th, but they must have an international rate in order to join. Lastly, Iraq is celebrating their first ever Independence Day on October 3rd! Congratulations to Iraq! This signifies their independence and the end of their war. These developments are truly momentous.
