More News, Rumors and Opinions Sunday Evening 9-26-2021
KTFA:
Samson: The Central Bank of Iraq issues new financial bonds
26th September, 2021
The Central Bank of Iraq announced on Sunday the issuance of new bonds in two financial categories.
The bank stated in a statement received by Shafak News Agency; In continuation of the role of the Central Bank of Iraq in developing the local financial market and mobilizing savings, the Central Bank offered the first issue of (construction) bonds of two categories (500,000) dinars (five hundred thousand dinars) with annual interest (6%) for two years, and (1,000,000) dinars. (One million dinars) with annual interest (7%) for four years.
The central bank confirmed; That "the purchase of these bonds will be through authorized banks, which receive purchase requests from those who wish to do so and deliver them a receipt for the amounts of purchase of these bonds, where the Central Bank issues them and delivers them to the banks within a short period." LINK
Ryan1216: Frank always spoke of bonds being issued . Does anyone know if the 2021 budget has been.opened fully?
Billuke: IMO...my understanding that it has passed back in the beginning or around 1st QTR but it hasn't been fully implemented...if that's what you mean.
For the first time.. Iraq signs a regional agreement to deliver its mail to various cold in the world
26th September, 2021
The Iraqi Post signed an agreement to transport mail with EgyptAir to improve the postal services provided by the General Postal and Savings Company for citizens and to ensure the speedy arrival of mail issued from Iraq to all countries of the world.
A statement by the General Postal and Savings Company, received by (Baghdad Today), said that “the agreement resulted in providing enormous capabilities in delivering Iraqi mail to various cold areas in the world in a record time characterized by accuracy and safety, and to ensure the duration of the arrival of the outgoing mail to various countries of the world from 3 to 7 days, and to avoid Cases of delays or loss of postal items and parcels by relying on the advanced IPS system in tracking.”
He added, "This system provides the possibility of tracking various postal items, as this step is a very important achievement in the way of competing with international companies according to the latest technologies in force."
He expressed the company's endeavor to improve its postal services provided through cooperation and contracting with solid international companies in order to improve the type and quality of services provided. LINK
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Courtesy of Dinar Guru
Pimpy You see in the Iraq [Central] Bank on their website it tells you how much currency was created - 55 trillion dinar. But what is not put on there is how much of it was destroyed? There was a flood and the banks had to destroy that money. How much of it was taken by ISIS and destroyed? We don't know...I did show an article in which it stated that Iraq was taking $1.5 billion of their oil money, buying back the IQD off the open market. This is great news. Think supply and demand. If there truly is that much Iraq dinar out there, there's no way you could possibly do it at $3.00. It would bankrupt the country. This is the first time I hear this - 70% of the money supply [removed from market] that makes it way more realistic that a revalue can be done at that rate. [Post 1 of 3...stay tuned]
impy Quote "The Central Bank's aggressive policies spent $1 billion to $1.5 billion every month in oil revenues to buy physical IQD supply on the open market said by Moldov a senior advisor to the bank." ...you remove 70% of it that brings it way down. Again, this is only what they bought and destroyed...We also know that there is something like 95% of the supply is out of country 5% of it is in country. I can tell you this that the big portion of the existing IQD is in the hands of banks...the average speculator has 250,000 IQD. That's the average... [Post 2 of 3....stay tuned]
Pimpy So if they removed 70% of the money supply, plus all them that have been damaged just through natural wear and tear, ones that were taken by ISIS, ones damaged during the flood that means the actual amount of IQD out there is very low. Now that makes it very realistic that the IQD can indeed be revalued around $3.00 if not more. I'm not saying that's the rate. I'm saying that is a more realistic rate given the fact that we know for sure now that the amount of existing IQD has been reduced by at least a minimum of 70%...this is great news! [Post 3 of 3]
Wolverine Sunday Update
Sovereign buyers finished loading their funds into their accounts last night.
At this point, Monday is when the contracts will ship and Tuesday's TTM’s (table top meetings) will begin.
That means no one will receive money until Tuesday at the earliest.
Sov, NETF, G-20 and DOD will be paid at the same time.
The next 2 weeks will be full of real bombs.
Look for a lot of changes.
Everything we've talked about for years will come true.
Be a good Boy Scout or Girl Scout and prepare yourself.
It's really going to happen now!
Of course, we'll see!
Have a blessed weekend.~ Wolverine
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E.B. Tucker: The Catastrophic consequences of the Fed
Inspire change: Sep 24, 2021