More News, Rumors and Opinions Tuesday Night 11-22-2022
KTFA:
Samson: Exchange offices indicate two reasons behind the rise in dollar prices in Iraq and expect a further rise
22nd November, 2022
Some banking offices revealed, on Tuesday, that the denial of some banks to enter the currency auction and the new instructions of the Central Bank are behind the rise of the dollar against the Iraqi dinar.
The owner of the Al-Waha office, Hussein Al-Moussawi, said in an interview with Shafaq News agency, "The central bank's suspension of 14 banks from entering the currency auction is behind the rise in dollar prices in the local markets."
The Central Bank had decided on November 6 to stop dealing in “dollars” with four banks for audit purposes whose names are linked to corruption files, while some parties said that the US Federal Reserve stopped financial transfers to 14 Iraqi banks on charges of smuggling money from the currency auction.
He added, "The bank's new instructions, which will be applied on the first of next January with regard to obtaining currency in the bank's auction, which will also include exchange offices, is to apply through the electronic platform and directly to the central bank," noting that "the bank will also be able to disclose all the names that are sold to by these banks and exchange offices.
Al-Moussawi also indicated that, "These complex instructions, which are rejected by banks and exchange offices, are expected to raise the dollar above 1,500 dinars during the coming period."
It is noteworthy that the prices of the dollar rose gradually during the past days, to reach today the price of 100 dollars on the Kifah Stock Exchange 148,900 Iraqi dinars. LINK
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Samson: Amer Al-Jawahiry : The country needs an economic renaissance through investing in major projects and with an international partnership
22nd November, 2022
The consultant in economic development and investment, Amer Al-Jawahiri, stressed the country's need for a major economic renaissance.
He told the National Iraqi News Agency that the country's economy cannot be advanced without major investment projects that generate money in order to gradually reduce dependence on oil as the only resource for the annual budget.
Al-Jawahiry added that the first signs of this renaissance are the establishment of major joint investment projects with the countries of the region and other countries, in addition to activating the agreements concluded, especially with China.
He explained: Among the major projects is the Nibras Petrochemical Project, in partnership with the global Shell company, which must be activated by setting a specific time period for its completion.
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Courtesy of Dinar Guru
Frank26 [Community Member bank experience] FRANK: You called me 2 days ago. You were very excited. Something happened. You were minding your own business and walked into a bank correct? MEMBER: I live in the state of Florida. The bank I'm talking about is called Truist in the Orlando area. I know the VP of the branch that I went to visit...I saw she was alone in her office and I invited myself in... [Post 1 of 7]
Frank26 [Community Member bank experience Continued] MEMBER: A little history - I had reached out to her about a year ago and she said I can't talk about this at the branch. Maybe I can talk to you some other day. Well that other day came a year later, which was last week...I was very direct...we talked about 20 to 30 minutes...My first question to her was, If she's aware of currencies that are going to be included in her bank system or if she and her staff are learning any new protocols on currencies that are going to be coming into trading where we can come and exchange. [Post 2 of 7]
Frank26 [Community Member bank experience Continued] FRANK: You sit down...then out of the blue you just come out and ask, 'Is your bank doing any procedures right now. Any work right now on foreign currency that's going to be exchanged?' MEMBER That is correct...I said...Are you gong to be exchanging any currencies in the near future that your new protocols are set in place for. She said, 'yes.' I said, 'There is the Iraqi dinar and...Vietnam dong that I am currently invested in. Are you guys going to be exchanging any of these currencies in the near future?' [Post 3 of 7]
Frank26 [Community Member bank experience Continued] She said, 'Yes.' I said, 'I know you're not allowed to tell me the dates or rates or anything like that, but will this happen before the end of the year or is it going to happen next year?' She said it's going to happen before the end of this year. I said, 'Interesting, what protocols do you have that I can come in and exchange my currencies?' I go, 'I know you're not a large participant in this process, I'm assuming you're a satellite bank... you're going to be able to assist in the process?' [Post 4 of 7]
Be sure to check Dinar Guru for the rest…………..https://www.dinarguru.com/
IMPORTANT UPDATES! Markets, Stocks, Fed, Dollar, Debt, Economy, MORE!
Greg Mannarino: 11-22-2022
ALERT! Silver Warehouses Prepare for FINAL Silver Deliveries in DECEMBER 2022! PREPARE!!
(Bix Weir) 11-22-2022
It will be very interesting to see how much Physical Silver Bank of America has to deliver on the COMEX in December for their MASSIVE SILVER LEASE set to expire on Dec 31st.
This mechanism is all part of the HUGE Silver Price Suppression that started 2 years ago and is set to END by December 2022.
This is the End of the operation that the CFTC's Rostin Behnam called the "Silver Tamp Down!" Pure fraud at the highest levels of the US Government...WELCOME TO AMERICAN EXCEPTIONALISM!!