More News, Rumors and Opinions Tuesday PM 10-25-2022
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KTFA:
Samson: Central Bank : There are no intentions to change the exchange rate
24th October, 2022
The Central Bank of Iraq reiterated Monday, that there are no intentions to change the exchange rate.
An official source in the Central Bank told the Iraqi News Agency (INA), that "there are no intentions to change the exchange rate."
The source called on citizens and all stakeholders to preserve the value of their money and to stay away from what is rumored in the media. LINK
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DoTalktome: Think I have to call ca ca on this 1.
Kuwait had a full-page article saying they would not add value to their currency.
They did it the very next day.
I think it is a ploy to throw off speculators.
Not saying they will do it tomorrow!
But expectations are alive.
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Courtesy of Dinar Guru
Walkingstick [via Frank26] These banks [CBI satellite banks] are in position. Their job is to pick up the remaining 3-zeros that the CBI has not been able to retrieve. It's brilliant...not all of these banks have opened but they are opening. Walkingstick's friend has already opened theirs. They are now in position to welcome Iraqi citizens that may have 3-zero notes that they took with them when they fled...They'll be trading them in for the international rate because they're outside of Iraq. Basically they're investors like you...
MilitiaMan Article: "Deputy: An upcoming parliamentary hosting of the Governor of the Central Bank and the Minister of Finance regarding the reduction of the exchange rate" The CBI Governor and the Finance Minister hosted a meeting on the exchange rate change. The call to get 50 signatures for reduce the exchange rate back to an official rate have been collected. The exchange rate change is on the table within days apparently... It is the Governments job to issue currency and it is the CBIs job to issue an exchange rate with the approval of the Finance Ministry... The amount of data out today on this matter is awesome...imo.
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TNT:
Tishwash: All eyes are on Thursday for the official announcement of the Sudanese government
The independent representative, Hussein Arab, confirmed, on Tuesday, that the official announcement on the new cabinet will be next Thursday, indicating that the independent representatives will not have any representation in the next Sudanese government.
Arabs said in a statement to Al-Maalouma, "The government of Prime Minister-designate Muhammad Shiaa Al-Sudani is almost completely completed, and that Thursday will be the date for the official announcement of the formation of the new government."
He added, "The Sudanese government should have representation for most of the provinces, because all provinces have many administrative and professional competencies in all joints."
Arab stressed that "the independent representatives will not have any representation in the Sudanese government, but they will support the Sudanese and his government if it proceeds according to its declared programme."
A member of the Al-Fateh Alliance, Salam Hussein, had confirmed in a previous statement, that what was available to the Prime Minister-designate, Muhammad Shiaa Al-Sudani, was not available to anyone before him in the process of forming a government. link
Iraqi Dinar update for 10/24/22 - Can we see to rate increases by the end of 2023
Pimpy’s investment Chat: The other side of things: 10-25-2022
Breaking: Dreaded Death Cross Just Happened (This Is Serious)
George Gammon: 10-25-2022
This is a huge, HUGE red flag.