KTFA, X22 Reports, Pimpy and more Wednesday Night 12-9-2020
KTFA:
Don961: The high exchange rate of the dollar ... An expert talks about interfaces linked to neighboring countries that are controlling the situation
12/09/2020 21:19 Baghdad Today - Baghdad
Economic expert Rasem Al-Akidi confirmed, Wednesday (9-12-2020), that most of the private banks in the country are fronts for neighboring countries, while describing what he called the state’s “secrecy” of the currency auction as “very worrying.”
Al-Aqidi said in an interview with (Baghdad Today), that "the clear difference between the exchange rate of the dollar in the currency auction and the Iraqi market confirms that there are whales controlling the economy in the country," pointing out that "the sale of the dollar to private banks raises many question marks and indicates Until there are political blocs and senior officials who possess the power of economic decision-making, and they are the ones who founded those banks and others are shareholders, so they try to control the central bank’s decision.
He added, "The correct framework for selling the dollar is through government banks or the Central Bank of merchants and importers, and not through private banks that put a large profit margin that affects the price of imported materials, the Iraqi currency and the income of the individual and has repercussions on the economic, political and social file."
Al-Aqidi pointed out that "the painful truth is that Iraq has become a source of hard currency for many countries, including neighboring countries and others in Asia, and there are large multinational companies that live on currency auctions in Baghdad, but most of the neighboring countries have very large Iraqi funds in order to enter the currency auction and buy dollars because it is Basically, most of the private banks are fronts for multiple countries. "
He continued, "The controversial matter is the government's recent concealment of announcing the schedules of selling the dollar and its quantities in the labor auction, which raises a real concern about what is happening while the process was clear in front of the media and with numbers," stressing that "the government is able to control the dollar exchange rate because it is "Who owns the dollar through oil sales, in addition to that it owns a large monetary block through its non-oil resources, including taxes, but it needs crucial decisions."
The economist and member of the Board of Directors at the Central Bank, Majed Al-Suri, spoke, on Tuesday (December 8, 2020), about the reasons for the high exchange rate of the dollar in local markets.
Al-Suri said in an interview with (Baghdad Today), that "speculation, political and economic confusion, and citizens’ lack of confidence in the future of the Iraqi dinar are among the main reasons for the high exchange rate of the dollar in the local markets. "
Regarding the central bank’s role in dealing with concerns about the rise in the dollar’s exchange rate, al-Suri pointed out that “the central bank sells dollars at an exchange rate ($ 1190), and there is no change in the price."
He continued: "Knowing that up to now, there is no intention of the Central Bank to raise the exchange rate, and all that is being circulated of opinions issued by MPs and politicians about fears of an increase in the exchange rate represent means of pressure to achieve certain goals."
He warned that "the central bank seeks to pump hard currency, for the purpose of controlling its exchange rate in the local markets."
He pointed out that "private banks and banking companies have been identified to buy 30 thousand dollars a week," explaining that "this reduction in the infusion of hard currency came because of the lack of travel for tourism, medical treatments, and the lack of liquidity from hard currency."
As the picture indicated, "the Central Bank decided to receive foreign transfers in the form of 75% for the dollar, and 25% for the Iraqi dinar."
The exchange rate of the dollar rose again in the local markets in Iraq, to touch the new high on Tuesday, 128 thousand dinars for every 100 US dollars.
The selling price of the dollar was 127,500 Iraqi dinars, while the purchase price was 126,500, roughly speaking. As for international foreign exchange rates, the euro reached 100 euros per $ 121.20. LINK
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Courtesy of Dinar Guru
Frank26 Article: "The International Monetary Fund to update the exchange rate of the Iraqi dinar before the end of the fiscal year" ...this doesn't get any clearer...what does the IMF do? ...anything to do with your currency we either approve it or disapprove it. The IMF is now telling the whole world...this stuff is done. The CBI is doing it. Now the IMF is telling the whole world...the Iraqi dinar rate is going to change by the end of this fiscal year. Do you understand? There is a new rate coming right before the end of this year according to the IMF. Could this change? Of course it could change...but do you think they could have the "basketballs" to say this and not do it? No. Timing. You gotta love it.
Wednesday Night X22 Reports
Great Reset Countermeasures Initiated, Warp Speed Ahead -- Ep 2349a
The US economy is continuing to improve. Jobs are opening up and they have surged by 158k. The [DS]/[CB] are pushing the Great Reset using covid as the catalyst. What happens when you remove the catalyst and the pandemic disappears, what happens to the Great Reset.
https://x22report.com/aiovg_videos/ep-2349a-great-reset-countermeasures-initiated-warp-speed-ahead/
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Central Communications Blackout, [Zero-Day], Rig For Red, Countermeasures In Place – Ep. 2349b
The [DS]/[MSM/SM] are panicking, they are now moving to full censorship. All assets are deployed. The lawsuit brought by Texas is a game changer and more and more states are joining the lawsuit. Trump has already announced he will intervene. The constitution is the only way forward. The [DS]/[MSM/SM] companies are ready to move their agenda forward to keep the narrative. Rig for red, central communication blackout, zero day is approaching.
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Iraqi Dinar News 12/09/20 important info
Pimpys Investment Chat: Dec 9, 2020