Intel Guru MarkZ
[via PDK] Question: Mark was asked if he had heard about a currency lockdown and he replied that he hadn’t, but was curious if that was the reason for the sudden silence from his Iraqi contacts. He had tried to reach out to them, but was unable to get in touch. Mark suspected that a currency lockdown may have started in the country. A currency lockdown is when a country closes its borders and prohibits people from carrying currency in and out while they handle a change in value. This is similar to what Kuwait did for about 10 days.
Newshound/Intel Guru Walkingstick
[Iraqi banking friend Aki update] The reason for choosing October 1st as the date to open a bank account in Iraq was due to the expected release of the HCL. Additionally, this date was set for the purpose of distributing oil sales proceeds to Iraqi citizens via the HCL. It was mandated that all citizens above 16 years old should have opened an account by October 1st, or one would be opened for them. Furthermore, as of October 1st, Iraqi citizens living abroad were also able to open bank accounts. Many individuals have been visiting my bank to take advantage of the monetary reform education provided.
Intel Guru Frank26
It has been decided that the auctions will only be used by the GOI to conduct its business going forward. This will make it much harder for Iran to steal dinars through the auctions, which is where they used to steal dollars. With no more dollars available through the auctions, the security and stability of the situation has greatly improved. This is why we believe that Article VIII has been achieved, and the world is now showing a lot of interest in the situation.
Newshound Guru Militia Man
Article quote: The union has sent an invitation to the organization to attend the introductory symposium on Iraq’s entry into the World Trade Organization, scheduled for October 4, 2023. It remains to be seen how the meeting will unfold, and hopefully Ascension will be discussed.
Newshound/Intel Guru Mnt Goat
There is an article stating that the central bank plans to use four currencies instead of the dollar for external transfers. This is great news for us as it indicates that the era of paying for imports only in US dollars is coming to a close. It is a positive development and something to be excited about.
Intel Guru MarkZ
I have been informed that the removal of sanctions will be happening soon. I anticipate seeing the results within the next couple of days.