More News, Rumors and Opinions Sunday Afternoon 12-18-2022
KTFA:
Clare: New App allows Iraqis to trade US-Listed Stocks
18th December 2022 By John Lee.
Ishtar Gate Company for E-Payment Systems and Services, an Iraq-based fintech company, has reportedly released an app that allows users to trade US-listed stocks via a mobile app called Bluepay.
According to Newsfile, the company was recently approved by the Central Bank in Iraq (CBI) as the "first and only company to offer international money transfer service."
It says the service also facilitates financial transactions to and from China.
Blue CEO Ali Al-Saeed, said:
"This is an unprecedented technology solution built and provided locally in Iraq. It has triggered other fintech-provided services such as a multi-currency solution that opens up a new horizon of opportunities in the Iraqi market."
KTFA:
Clare: New App allows Iraqis to trade US-Listed Stocks
18th December 2022 By John Lee.
Ishtar Gate Company for E-Payment Systems and Services, an Iraq-based fintech company, has reportedly released an app that allows users to trade US-listed stocks via a mobile app called Bluepay.
According to Newsfile, the company was recently approved by the Central Bank in Iraq (CBI) as the "first and only company to offer international money transfer service."
It says the service also facilitates financial transactions to and from China.
Blue CEO Ali Al-Saeed, said:
"This is an unprecedented technology solution built and provided locally in Iraq. It has triggered other fintech-provided services such as a multi-currency solution that opens up a new horizon of opportunities in the Iraqi market."
(Source: Newsfile) LINK ISHTAR GATE FOR E- PAYMENT SYSTEMS AND SERVICES
Henig: An Economist told NINA: The Chinese-Arab conference did not come in favor of Iraq
Baghdad / NINA / - The Economic Expert, Raad Twaij, confirmed: "The Chinese-Arab conference did not come in favor of Iraq."
Twaij said in a statement to the National Iraqi News Agency (NINA) that "the outputs of (the Arab-Chinese summit) and (the Gulf-Chinese summit) are not devoid of a desire to send the two parties, especially the Saudi and Chinese, political messages needed by the two parties to the United States of America, which seems like a bubble, because the United States has penetrated militarily and politically into these countries, but this does not prevent the limited economic cooperation between the Gulf countries and China.
As for its impact on Iraq, Twaij stressed: "Iraq has its own status and has previous agreements with China, which is the natural passage for them, but it does not have a significant impact economically, and Iraq can conclude other agreements with other countries to develop its economic reality, such as Japan, South Korea and Germany." LINK
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Courtesy of Dinar Guru
Pimpy Article: "Parliamentary Legal: An extraordinary session of Parliament if it receives the budget" I've talked about this before. If they can somehow agree on the budget before the end of the year you will see an emergency session called to Parliament to pass it before the end of the year. That would be great news for the Iraqi people..
Militia Man Article "Minister of Transport: We aspire to enhance the investment environment in Iraq " The transport of any country is very important for the Private Sector.. The major players in an infrastructure build out for a country post war is a critical sector...The country is looking to be fully committed now to open up internationally and transportation is a key component.. This is a good thing for investors of the Iraq Dinar.
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MARKETS A LOOK AHEAD: What To Look Out For Moving Forward.
Greg Mannarino: 12-18-2022
China’s De-Dollarization Strategy - They Want A Global Dollar Dump
Sean Foo: 12-18-2022
China's accelerating their de-dollarization campaign on the United States and it is getting worse. They dumped more US treasuries in October and they are pushing for oil trade in Yuan.
If that happens, it will be a game-changer for the reserve currency. Here's what you must know about China's de-dollarization strategy!
0:00 China's De-dollarization Mission
1:21 A Global Treasury Dump
3:48 Energy For Yuan
6:29 China's Plan With Gold
9:00 Yuan Swap Lines
11:45 De-dollarization Won't End
Checkmate! China Just Revealed Their New Gameplan
CHECKMATE! China JUST REVEALED Their New GAMEPLAN That WIll COUNTER ALL US SANCTIONS
Investing Future: 12-18-2022
At a summit with Arab leaders on Friday, China's President Xi Jinping pushed for the settlement of energy trades in the Chinese yuan, a move that could weaken the US dollar's global dominance in the long run.
At the summit, Xi said China will continue to import large quantities of oil and gas from Gulf states and conduct its settlement in the Chinese yuan, or RMB, according to a statement from China's foreign ministry.
Most of the world's trade is now denominated in the US dollar. "The Shanghai Petroleum and Natural Gas Exchange platform will be fully utilized for RMB settlement in oil and gas trade," Xi said, according to a transcript of his speech published by the government-owned China Daily.
CHECKMATE! China JUST REVEALED Their New GAMEPLAN That WIll COUNTER ALL US SANCTIONS
Investing Future: 12-18-2022
At a summit with Arab leaders on Friday, China's President Xi Jinping pushed for the settlement of energy trades in the Chinese yuan, a move that could weaken the US dollar's global dominance in the long run.
At the summit, Xi said China will continue to import large quantities of oil and gas from Gulf states and conduct its settlement in the Chinese yuan, or RMB, according to a statement from China's foreign ministry.
Most of the world's trade is now denominated in the US dollar. "The Shanghai Petroleum and Natural Gas Exchange platform will be fully utilized for RMB settlement in oil and gas trade," Xi said, according to a transcript of his speech published by the government-owned China Daily.
He did not specify when the change would go into effect. It's not clear if any of the Gulf nations are taking up the proposal, but Saudi Arabia, the world's top oil exporter, has been in talks to use the yuan to settle its energy sales to major consumer China.
Such a move would chip away at the US dollar's role as the world's reserve currency, spurring "de-dollarization." "The Saudis have a lot to buy from China and China has a lot to buy from Saudi Arabia.
Why should they transact in a third-party currency and incur all of these exchange-rate costs?" China is already using the yuan to buy Russian energy.
China has ambitions to make the yuan the most dominant reserve currency in the world, but it has a long way to go, mainly because Beijing still manages its value tightly.
It also isn't fully convertible to other currencies on the global market right now.
News, Rumors and Opinions Sunday Morning 12-18-2022
KTFA:
Henig: Including a New Administrative Capital.. Plans to establish 16 new cities
Baghdad / NINA / - The Ministry of Planning announced today, Saturday, the existence of development plans to implement 119 housing projects, including 16 residential cities, noting: "The idea of building a new integrated administrative capital for the country is within that plan."
The official Spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said: "The Administrative capital exists as a vision within the development plan for the city of Baghdad, and the places where the administrative capital can be established are specified, but implementation steps remain," according to the official Al-Sabah newspaper.
KTFA:
Henig: Including a New Administrative Capital.. Plans to establish 16 new cities
Baghdad / NINA / - The Ministry of Planning announced today, Saturday, the existence of development plans to implement 119 housing projects, including 16 residential cities, noting: "The idea of building a new integrated administrative capital for the country is within that plan."
The official Spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said: "The Administrative capital exists as a vision within the development plan for the city of Baghdad, and the places where the administrative capital can be established are specified, but implementation steps remain," according to the official Al-Sabah newspaper.
Al-Hindawi added: "One of the places chosen to establish the administrative capital is the area opposite the residential city of Bismayah on an area of more than 50 square kilometers, and it could be a new administrative capital to accommodate all government buildings located in the heart of the capital, Baghdad."
With regard to the housing issue, he explained: "There are many projects included in the development plan for Iraq in general and the capital, Baghdad, and they need to be implemented, and among the development plans there are 119 housing projects throughout Iraq." LINK
Henig: IMO: You think they're doing this at the contract rate? Yeah, me neither.
KandG: How does Vietnam, who is on Forex and trading - keep bringing in new business (Apple, etc) with a worse rate than Iraq. I don't ask being ill-hearted, just wondering if we go down the wrong road with this thinking that countries can't grow internationally with a low exchange rate. Family, feel free to comment - with facts preferably.
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Henig: Vietnam News:
US cybersecurity firm sets up 1st critical infrastructure protection lab in Asia
December, 17/2022 - 07:37
OPSWAT, a US-based provider of infrastructure protection cybersecurity solutions, announced on December 16 the opening of its first critical infrastructure protection lab in Asia in its new office in HCM City.
HCM CITY — OPSWAT, a US-based provider of infrastructure protection cybersecurity solutions, announced on December 16 the opening of its first critical infrastructure protection lab in Asia in its new office in HCM City.
As Việt Nam ramps up its digital transformation efforts in line with the Government’s fourth industrial revolution plans, cybersecurity becomes increasingly important, especially for critical infrastructure such as financial services, energy and government services, Benny Czarny, founder and CEO of OPSWAT, said.
The company provides organisations with information on the latest network security trends and solutions, particularly through real-world use cases and attacks on information technologies, operational technologies and industrial control system environments.
By hosting demonstrations of cybersecurity attacks and defence simulations, the lab would enable Vietnamese cybersecurity professionals, engineers and students to gain practical experience in security and critical infrastructure protection technologies, Lã Mạnh Cường, the company’s general manager for Việt Nam, said.
It would also provide training and educational support to local customers, partners and other stakeholders.
The company plans to double its local headcount from the current 300 employees over the next three years as it seeks to further accelerate its growth in the country.
Since coming to Việt Nam in 2018, OPSWAT’s local operations have grown at an average annual rate of 50 per cent. — VNS LINK
KandG: Exactly my point in my earlier post this evening - Vietnam is doing business internationally with less than a toilet paper exchange rate - we may need to rethink this idea that Iraq can't do international business on a program rate. I agree we see many encouraging articles showing a rate change but this particular narrative may need some additional thought IMO
Henig: Well, here's a question, though: Is it possible that they're doing business with Vietnam *because* they know the VND is about to exchange at a higher rate? I mean, I don't know the answer to that, just posing a question--but it seems like a possibility IMO.
KandG: You certainly could be right - I hold Dong also and would be very happy with that concept - that's why I posed the question to the group for feedback - and that is good feedback. IMO Thanks
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Courtesy of Dinar Guru
Frank26 Iraq is desperate financially. They have money. They've got lots of money and untapped money too. But they can't legally use it until they fulfill the Paris Club agreement.
Mnt Goat The news this period is almost all about the corruption in Iraq and what they plan to do about it...there is no way out of these corruption schemes unless these currency auctions end. To end them they will have to reinstate the dinar and trade it globally...Why won’t the IMF or the US take responsibility and do the reinstatement? It is because of all the corruption... It all goes back to...“what comes first the cart or the horse”? In other words, do they reinstate the dinar and then hope the corruption will end or do they end the corruption first, reducing the risk of failure in the reinstatement? I believe they have taken this second option...
RV News 20:40 Simon Parkes
“Hello Charlie… I’m doing your thing. Here we go. This the report I got.
All currency test-runs done.
HSBC will lead the process. [Hong Kong & Shanghai Banking Corp.]
U.S. on full alert for the Redemption process.
Temple Texas—NOT Reno—sets it off.
DOD & Military is pushing everything out tomorrow.
Heavy roundup happening of remaining deep state cabal as NESARA is fully installed.
United States Navy ready to go.
Gold-backed currency locked in.
Advanced healing technologies making its rounds.
Humanitarians worldwide will be funded. …very good!”
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Iraqi Dinar update for 12/17/22 - removing restrictions on IQD
Pimpy’s Investment Chat: The Other side of things: 12-17-2022
More News, Rumors and Opinions Saturday PM 12-17-2022
KTFA:
Clare: Among them is a new capital.. Iraq intends to establish 16 new residential cities
12/17/2022
On Saturday, the Ministry of Planning announced the existence of development plans to implement 119 housing projects, including 16 residential cities, noting that the idea of building a new integrated administrative capital for the country is within that plan.
The official spokesman for the Ministry of Planning, Abd al-Zahra al-Hindawi, said, in a statement reported by the official newspaper, that the administrative capital exists as a vision within the development plan for the city of Baghdad, and the places on which the administrative capital can be established are specific, but the implementation steps remain
KTFA:
Clare: Among them is a new capital.. Iraq intends to establish 16 new residential cities
12/17/2022
On Saturday, the Ministry of Planning announced the existence of development plans to implement 119 housing projects, including 16 residential cities, noting that the idea of building a new integrated administrative capital for the country is within that plan.
The official spokesman for the Ministry of Planning, Abd al-Zahra al-Hindawi, said, in a statement reported by the official newspaper, that the administrative capital exists as a vision within the development plan for the city of Baghdad, and the places on which the administrative capital can be established are specific, but the implementation steps remain
One of the places chosen to establish the administrative capital is the area opposite the residential city of Bismayah on an area of more than 50 square kilometers, and it could be a new administrative capital to accommodate all government buildings located in the heart of the capital, Baghdad.
He added, "With regard to the issue of housing, there are many projects included in the development plan for Iraq in general and the capital Baghdad, and they need to be implemented, and among the development plans there are 119 housing projects throughout Iraq." LINK
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Clare: Interest rates push gold to record the largest weekly loss in a month
12/17/2022
Gold prices recorded the largest weekly decline since mid-November, despite their recovery in the last trading week, Friday, after the US Federal Reserve indicated that there was a need for more interest rate hikes to curb inflation.
On Wednesday, the Federal Reserve raised interest rates by 50 basis points, as expected, and Chairman Jerome Powell said that the US central bank will continue to raise interest rates next year, despite the exacerbation of recession fears.
The US Federal Reserve raised interest rates by 50 basis points, bringing the interest rate to a range between 4.25% and 4.5%.
This was the seventh consecutive time that the US Federal Reserve raised interest rates during the current year 2022.
The prices of the yellow metal fell by 0.3 percent over the past week, despite its rise in spot transactions by 0.8 percent to $ 1791.59 an ounce in Friday trading.
US gold futures rose 0.7 percent to $1,800.20.
The European Central Bank and the Bank of England have indicated similar strategies to raise interest rates.
Commerzbank expects gold to decline to about $1,750 an ounce until the end of the US interest rate hike cycle becomes clear, and prices are expected to rise to $1,850 by the end of 2023.
Silver prices declined by 1.3 percent during the week, but rose by 0.4 percent in Friday's trading, to reach $23.14 an ounce.
Platinum lost 1.4% to $992.43, and palladium fell 4.3% to $1,713.81. LINK
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Courtesy of Dinar Guru
Pimpy Article: "Central Bank: The cash reserves has reached its highest level in the history of the Iraqi state" This is awesome. This is another one of those things that Iraq needs to do to strengthen its' currency...this is great news.
Frank26 Question: "How long will Iraq allow the 3-zero notes to be out there?" Probably a long time. Why? Because the satellite banks that they established around the world need to vacuum these back into the CBI. If you go to an American Bank the dinars will go to the United States Treasury in our foreign reserves. If you go to one of the satellite banks from the CBI somewhere in the U.S of A your dinars go back to the CBI.
Iraqi dinar dinner currency RV news update IQD
12-17-2022
Federal Reserve Is On The Brink Of Bankruptcy (Here's Proof)
George Gammon: 12-14-2022
News, Rumors and Opinions Saturday AM 12-17-2022
KTFA:
Henig: The rise in oil prices
{Economic: Al Furat News} Oil prices rose in early Asian transactions, today, Friday, after a 2% decline in the previous session in the wake of central banks raising interest rates, and are heading towards ending the week's transactions on a rise after a series of positive expectations for oil demand.
By 01:09 GMT, Brent crude futures rose 36 cents, or 0.4%, to $81.57 a barrel.
West Texas Intermediate crude futures rose 25 cents, or 0.3%, to $76.36 a barrel.
The two benchmarks are heading towards ending the week up by more than 7%, according to Reuters.
The market received support this week from the expectations of the International Energy Agency regarding the recovery of Chinese demand next year, after its contraction in 2022 to 400 thousand barrels per day.
The agency raised its forecast for oil demand growth in 2023 to 1.7 million barrels per day.
On Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) announced its commitment to its forecast for global demand growth of 2.55 million barrels per day this year and 2.25 million barrels per day in 2023 after multiple cuts, saying that although the economic slowdown is "quite clear", the There is a potential uptick stemming from, among other things, the easing of China's "zero Covid" policy.
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Clare: More than 280,000 barrels per day of Iraq's oil exports to America within a week
2022-12-17
The US Energy Information Administration announced, on Saturday, that Iraq's oil exports to America amounted to more than 280,000 barrels per day, on average, during the past week.
"The average US imports of crude oil during the past week from nine countries amounted to 5.867 million barrels per day, up by 694 thousand barrels per day from the previous week, which amounted to 5.173 million barrels per day," the administration said in a report seen by Shafaq News Agency.
"Iraq's oil exports to America amounted to an average of 282,000 barrels per day last week, up from the previous week, when oil exports to America amounted to 252,000 barrels per day."
The statistic also indicated that “most of America’s oil revenues during the past week came from Canada at a rate of 3.795 million barrels per day, Mexico came at a rate of 602 thousand barrels per day, and oil revenues from Saudi Arabia amounted to an average of 317 thousand barrels per day, and then Colombia at a rate of 248 thousand barrels per day.” Daily".
According to the administration, “the amount of US imports of crude oil from Brazil amounted to an average of 210,000 barrels per day, from Nigeria at a rate of 171,000 barrels per day, from Ecuador at a rate of 157,000 barrels per day, and from Libya at a rate of 85,000 barrels per day, while it did not import any amount of oil.” Libya or Russia. LINK
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Courtesy of Dinar Guru
Sheila …in the middle east...they are having the cross border payment transfers and the exchange rates pretty much around the globe now. It’s starting to unwind…there was a meeting on Thanksgiving day that was a big change. Things are moving…I just want to wish everyone a Merry Christmas and know things are well on its way…this is going to be a great holiday...
Walkingstick [via Frank26] Why was the 2023 budget sent back to the prime minister and not sent to the parliament for a vote? Apparently we can sidestep the president's signature and wait for two weeks. Maybe Sudani wanted to add more to it via the meetings he had with the CBI...
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Jared Rand Conference Call 9/14/2022 Excerpts:
-) Jared stated that NEARA/GESARA is supposed to be “Announced” this month, which the statement publicly will turn it into the law of the land.
-) It will not be too long after that the “Gold Standard” will be announced!!
-) Then the private “R/V GCR” to fund the humanitarians & create balance throughout the world with re-evaluations of currencies.
Source: Operation Disclosure Official
Alasdair Macleod: FIAT Currency System In Mortal Danger
As Good As Gold Australia: 12-17-2022
On the 15th November, Reuters reported that a number of global banking giants were starting a 12 week digital dollar pilot with the Federal Reserve Bank of New York. Has it begun... the rise of the digital dollar.
Citigroup Inc, HSBC Holdings P/L, Mastercard Inc, and Wells Fargo & Co. are participating in the experiment. The project will be conducted in a test environment and use simulated data, the New York Fed said.
The pilot will test how banks using digital dollar tokens in a common database can help speed up payments. What's important however, is to keep in mind that whoever controls the money, controls everything, and the rise of CBDCs threatens to make that control absolute.
Andrew Maguire, recently stated that we should be buying precious metals before December 27th this year. Is this date important, and if so, why?
India is importing tonnes of silver. So far, about 35% of the world's mining output, and they are having it freighted by air. Do they know something that we don't?
Just recently, the BIS - Bank for International Settlements out of BASEL, elevated gold to tier one status. Why did they make gold tier one? Mined silver out of the ground has been approximately 800 million ounces per year of late.
2 years ago, we had a shortfall of supply of 50 million ounces, and last year 200 million ounces. Surely the COMEX is running out of silver to supply. What might this mean for silver prices in 2023?
BRICS Just Announced More Countries Get Ready to Ditch The Dollar
BRICS JUST ANNOUNCED More Countries GET READY To DITCH The Dollar | De-dollarization JUST EXPLODED
Tech Revolutions: 12-16-2022
The balance of economic power worldwide has been drastically rearranged during the previous two decades. Also, the emergence of China, and to a lesser extent, the BRICS nations, has been the primary factor in this.
The BRICS include not just the East Asian superpower but also the other four major developing nations of Brazil, Russia, India, and South Africa. And the more standardized and formalized this group has grown, the more it has become a part of the larger system.
They have even established collective entities and hold regular summits. Now, many analysts are concerned that with its rising power comes the potential for authoritarian versions of state capitalism' to become the norm.
And just recently, they announced that more countries are ready to ditch the US dollar! I
BRICS JUST ANNOUNCED More Countries GET READY To DITCH The Dollar | De-dollarization JUST EXPLODED
Tech Revolutions: 12-16-2022
The balance of economic power worldwide has been drastically rearranged during the previous two decades. Also, the emergence of China, and to a lesser extent, the BRICS nations, has been the primary factor in this.
The BRICS include not just the East Asian superpower but also the other four major developing nations of Brazil, Russia, India, and South Africa. And the more standardized and formalized this group has grown, the more it has become a part of the larger system.
They have even established collective entities and hold regular summits. Now, many analysts are concerned that with its rising power comes the potential for authoritarian versions of state capitalism' to become the norm.
And just recently, they announced that more countries are ready to ditch the US dollar! I
The BRICS is a made-up group of countries and economies. And in the early 2000s, ex-Goldman Sachs economist Jim O'Neill popularized the acronym BRIC. He used it to characterize the four developing nations poised to begin catching up to the West by the turn of the millennium.
In retrospect, this idea looks to be fraught with difficulties. Around 2014, Brazil's economy slowed drastically as the country battled early de-industrialization. And historically, Russia has been a world powerhouse. So, calling it a "rising" was and is a stretch.
In particular, the country's post-communist industrial sector has remained very modest, keeping the country's overall size relatively modest.
Even now, as the government launches a massive military assault. Also, despite having approximately three times as many people as the United Kingdom and the world's biggest, most resource-rich region, its GDP is still around half that of the United Kingdom.
Now, rapid development in India is remarkable. Although its economy is now around one-fifth the size of China's, its proportional share of global GDP has actually fallen. An author draws parallels between the two, calling them the "slouching tiger" and the "roaring dragon."
And finally, it may be argued that South Africa is not a growing power on a global scale. It wasn't initially included in the grouping, but it was added later for regional representation.
In reality, the meteoric ascent of China is the main focus of the BRICS narrative. Its growth has been so steady over so many years that it has fundamentally altered the balance of economic power worldwide.
Many others have recently adopted a more optimistic stance toward the group's plan to abandon the US dollar. As the argument goes, eastern modes of state-led growth are preferable to Anglo-American economic and political institutions.
And that's consistent with, and dependent on, a free and open international economy.
Now, what's certain is that Russia's invasion of Ukraine has reignited the worries of many Western liberals.
Western countries have reason to be concerned following reports that Egypt, Iran, Saudi Arabia, Turkey, and Argentina, all of which are not democracies, have requested to join the BRICS.
According to data, China's GDP is significantly more than the sum of that of the other four BRICS countries combined. It's about $18 trillion, compared to Brazil's $1.6 trillion, Russia's $1.8 trillion, India's $3.2 trillion, and South Africa's $400 billion.
The US economy is estimated at $23 trillion. However, when measured in terms of purchasing power parity, China's GDP rivals any other country's.
In July, it was reported that Iran and Argentina have submitted membership applications to join the BRICS. The BRICS is expanding, and with it comes greater political and economic influence.
Around the middle of this year, President Putin made a major announcement at one of the BRICS summits. He said that a new global reserve currency, composed of a basket of BRICS currencies, was about to be introduced by Russia, China, and the other BRICS nations.
Now, such a reserve currency would pose a severe challenge to the US dollar if it were to gain widespread acceptance.
It's hard to look at these two stories and not see them as connected. Experts say Iran and Argentina only follow the crowd by joining in on the trend. And the reason is that they see an opening to form a new coalition in opposition to Western-led globalization.
Meanwhile, the rest of the BRICS are encouraging them to join since they've spotted blood. Moreover, the rapid reversal of Western sanctions on Russia has exposed what they believe to be significant economic flaws.
More News, Rumors and Opinions Friday Night 12-16-2022
KTFA:
Clare: Citizens are calling for lowering the price of the dollar and preserving the value of the dinar
12/16/2022 Baghdad today - Baghdad
(Baghdad Today) surveyed the opinions of a number of citizens and academics regarding the increase in the exchange rate of the dollar and its economic and living impact on people's lives, especially the poor and middle class, which caused the devaluation of the Iraqi dinar.
Today, Friday, merchants and businessmen called on the government and the central bank to include government banks in selling dollars.
KTFA:
Clare: Citizens are calling for lowering the price of the dollar and preserving the value of the dinar
12/16/2022 Baghdad today - Baghdad
(Baghdad Today) surveyed the opinions of a number of citizens and academics regarding the increase in the exchange rate of the dollar and its economic and living impact on people's lives, especially the poor and middle class, which caused the devaluation of the Iraqi dinar.
Today, Friday, merchants and businessmen called on the government and the central bank to include government banks in selling dollars.
And through (Baghdad Today), merchants and businessmen stressed "the need to allow and include government banks in selling the dollar and not monopolizing it on private banks only, specifically selling through the recent central bank decision through the documentary credits service."
Yesterday, Thursday, the Central Bank of Iraq attributed the rise in dollar exchange rates in the local markets during the previous days to building an electronic platform that meets the requests of banks through it. LINK
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Henig: The CBI decides to reduce the price of the dollar
Thursday 12-16-2022
Baghdad / NINA / - The Central Bank of Iraq decided to reduce the exchange rate of the dollar to 1465 dinars per dollar.
The CBI stated, according to a document, that the decision came for the purpose of encouraging the public to finance its imports through documentary credits instead of remittances.
It added that in the special session, the price of selling dollars to the beneficiary / customer of the bank / who finances his imports with documentary credits was reduced to 1465 dinars per dollar instead of 1470.
The CBI explained that it will sell the dollar to the bank / for the purposes of documentary credits / for an amount of 1455 dollars instead of 1460. LINK
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Henig: The National Investment Commission: We will open new projects soon and focus on developing this sector inside Baghdad
Baghdad / NINA / - The National Investment Commission revealed its upcoming projects and plans to develop the capital, Baghdad, and other provinces.
The head of the commission, Salar Muhammad Amin, said, in a statement to the National Iraqi News Agency (NINA), "We have a package of new projects that will be opened soon in the capital, Baghdad, and the provinces, which are strategic projects with developed countries and all parties that wish to invest in Iraq."
He explained, "The authority is concerned with all residential and industrial sectors, roads and bridges, so our plans are currently focused on developing the transport sector within the capital, Baghdad, through the establishment of railways and the Baghdad metro."
He added, "The railways inside Baghdad are the most priority for us, then the railways between the provinces, and we are currently working with the Ministry of Transport to complete all legal procedures to be presented successively as investment opportunities for companies," noting that "next year will witness a good renaissance of these projects in all provinces."
He went on to say, "National companies are concerned with these projects and in coordination with foreign companies that will transfer expertise in these projects."
He added, "Our investment projects are open to all regions and provinces, since Iraq today needs to build more than 3 million housing units throughout the provinces," noting that "the National Commission and its branches within the provinces have completed building more than 250,000 housing units throughout Iraq, and this paves the way for the opening of major housing projects in the future," they said, "the previous delay in investment projects was caused by the instability of the security situation and the political crisis, so many strategic projects were delayed."
On the file of Al-Rafil residential city project, the head of the National Investment Commission explained, "The project will be a new integrated city according to a modern urban style, with an area of more than 106,000 acres, in cooperation with an international company to present new designs and have them approved by the sectoral authorities," noting that "Governmental institutions will soon be distributed to work with the advanced companies to implement the project." LINK
Henig: IMO: Are you all seeing the same thing I am here? In my opinion, you can't carry out all of these development projects, trade agreements, and investment opportunities at the same financial level you've always occupied. You MUST have a higher level of finance to make all of this happen. In my opinion, that means they're expecting the Dinar to be worth MUCH more than what it is right now.
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Henig: The President and Chief of Staff of the Army stress the need to raise the combat capabilities of all types and units of the Army
Baghdad / NINA /- The President of the Republic, Abdul Latif Jamal Rashid, and the Chief of Staff of the Army, Lieutenant General Abdul Amir Yarallah, stressed the need to raise the combat capabilities of all types and units of the army.
A presidential statement stated that the President of the Republic received, today, Thursday, at the Baghdad Palace, the Chief of Staff of the Army
who presented a briefing on the security and military situation in Iraq, security developments and plans to continue the momentum of military operations to hunt down the remnants of terrorism and eradicate its roots and sources.
It also took place, according to the statement, the need to raise the combat capabilities of all types and units of the army and work to rehabilitate them in terms of training, equipment and armament, in order to achieve a safe and stable life for all Iraqis. LINK
Henig: IMO: It does no good to improve your economy without being able to protect yourself. Along with improving their economy, they're improving their security.
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI has been having meetings with everyone! FRANK: That's exciting because if you look at the people he's meeting with these are the right people...they are all part of the reforms both economic and monetary. Yeah, I'm excited to see what is happening in this month of December.
Walkingstick [via Frank26] This thing about Sudani receiving the budget, he's making little tweaks because he had some conversations with the CBI.
The Next Gold Rush Will Shock The World - Bank Calls For $3,000 In 2023
Sean Foo: 12-15-2022
Gold prices are starting to rise again and we have Saxo Bank calling for a wild $3,000 gold price in 2023. While this might sound crazy, there are a lot of events lining up that might push gold to the stratosphere. These include the Fed slowing down with their hikes, the US dollar losing relevance and the fall of bitcoin. Here's what you must know!
Powell Admits He’s Clueless on the US Economy - Ep 862
Peter Schiff: 12-15-2022
· The days of low inflation are over.
· Jerome Powell threw cold water on investors’ hope.
· Terminal rate of interest continues higher.
Rick Rule and Greg Mannarino Friday 12-16-2022
Why The FTX Meltdown Matters To You | Rick Rule
Liberty and Finance: 12-16-2022
In the wake of the FTX cryptocurrency exchange meltdown, legendary investor Rick Rule joins us with words of warning.
He explains that investors are their own first line of defense. "Do not trust the regulators to protect you," he says. It is imperative to scrutinize institutions before handing over funds to them.
"Be careful about investments that you don't have a rudimentary understanding of." There are more shocks coming for the financial system, but if investors educate themselves, they can not only survive, but prosper, he says.
Why The FTX Meltdown Matters To You | Rick Rule
Liberty and Finance: 12-16-2022
In the wake of the FTX cryptocurrency exchange meltdown, legendary investor Rick Rule joins us with words of warning.
He explains that investors are their own first line of defense. "Do not trust the regulators to protect you," he says. It is imperative to scrutinize institutions before handing over funds to them.
"Be careful about investments that you don't have a rudimentary understanding of." There are more shocks coming for the financial system, but if investors educate themselves, they can not only survive, but prosper, he says.
Warning! YOU MAY NOT WANT TO WATCH THIS... The Truth Behind The World Financial System.
Greg Mannarino: 12-15-2022
News, Rumors and Opinions Friday AM 12-16-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Fri. 16 Dec. 2022
Compiled Fri. 16 Dec. 2022 12:01am EST by Judy Byington
Global Currency Reset:
Thurs. 15 Dec. Bruce: Our source said the final Green Light (Tier 4B notification to set exchange/ redemption appointments) would be activated tomorrow Fri. 16 Dec. If so, appointments could start tomorrow Fri. 16 Dec. Another source felt Sat. 17 Dec. was the date. Still another source assured us that we would have our appointments and exchanges not only set, but completed before Christmas.
Thurs. 15 Dec. MarkZ: The US Treasury was in mad scramble to obtain gold before the New Year. Bank Meetings started late in the evening Wed. 14 Dec. as they try to prepare for this.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Fri. 16 Dec. 2022
Compiled Fri. 16 Dec. 2022 12:01am EST by Judy Byington
Global Currency Reset:
Thurs. 15 Dec. Bruce: Our source said the final Green Light (Tier 4B notification to set exchange/ redemption appointments) would be activated tomorrow Fri. 16 Dec. If so, appointments could start tomorrow Fri. 16 Dec. Another source felt Sat. 17 Dec. was the date. Still another source assured us that we would have our appointments and exchanges not only set, but completed before Christmas.
Thurs. 15 Dec. MarkZ: The US Treasury was in mad scramble to obtain gold before the New Year. Bank Meetings started late in the evening Wed. 14 Dec. as they try to prepare for this.
On Tues. 13 Dec. the Golden Dragon Bonds Trust deposited monies in a Quantum Financial System Account and some Bond Holders received emails with access codes for full access to their funds.
All US fiat currency has to be turned in to exchange for the new US gold-backed notes by 31 Jan. 2023. …Simeon Parkes
~~~~~~~~~~~~
Thurs. 15 Dec. 2022 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#
Our source said the final Green Light (Tier 4B notification to set exchange/ redemption appointments) would be activated tomorrow Fri. 16 Dec.
If so, appointments could start tomorrow Fri. 16 Dec.
Another source felt Sat. 17 Dec. was the date.
Still another source assured us that we would have our appointments and exchanges completed before Christmas.
All currencies are on the back bank screens trading upward.
The rates on the Dong and Dinar are quite high.
Med Beds and Zero point energy are about to be revealed.
80% of the Cell Towers have receivers for this wire energy to come in.
January would reveal NESARA/GESARA.
~~~~~~~~~~
News Highlights:
Wed. evening 15 Dec. the White House was lit up in green – perhaps indicating NESAR/GESARA implementation and/or the Global Currency Reset?
The Stock Market, just like the Three Letter Agencies, was a separate entity that worked for the Deep State. It was manipulated at will to control our finances.
The IMF controls the world to bring us into total debt slavery.
FTX is a money laundering arm of the Deep State that is coming into full collapse.
Read full post here: https://dinarchronicles.com/2022/12/16/restored-republic-via-a-gcr-update-as-of-december-16-2022/
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: We were told that the last payment for Kuwait has been made. It was paid off yesterday... FRANK: To see Kuwait is finally satisfied with the restitution that Iraq needed to do with them because this is one of the precursors of the new exchange rate through the IMF...is exciting. I can see your excitement.
Mnt Goat The IQD from Iraq...MUST be reinstated in order for Iraq to progress forward with any success to the global markets if this is what they truly desire and they tell us this is where they want to go. But they will have to overcome the puppetry of Iran first. This RV journey will end and I can...see the road ahead. I can see the end point now and it is not long off. The pressure is building and now even many more economists are now pushing for the FOREX reinstatement...
New Iraqi Dinar Exchange Rates Rise Annouced & Reasons
Rapid Updates: 12-15-2022
New Iraqi Dinar Exchange Rates Rise Annouced & Reasons New Central Bank Digital Banking Platform Explained
Dow Is Crashing After Fed Rate Hike Announcement
George Gammon: 12-15-2022
Is The inverted Yield Curve a Precursor to a Global Depression? Lynette Zang
Is the Inverted Yield Curve a Precursor to a Global Depression
Lynette Zang: 12-15-2022
For the first time since they began the tracking in economic history, the global yield curve just inverted.
This, of course, includes 26 countries, including the U.S., the U.K., Canada and Hong Kong. And if this isn't your sign to get financially prepared for a collapse, I just don't know what is.
I've been showing the pieces to this Jenga economy falling one by one by one. Well, imagine 26 pieces just got pushed all at once. And when the yield curve inverts just in the U.S., it's always followed by a recession.
But this is catastrophically different. It's on a global scale and rates are increasing at the same time. And the entire foundation of our currency is being destroyed from the inside out.
Is the Inverted Yield Curve a Precursor to a Global Depression
Lynette Zang: 12-15-2022
For the first time since they began the tracking in economic history, the global yield curve just inverted.
This, of course, includes 26 countries, including the U.S., the U.K., Canada and Hong Kong. And if this isn't your sign to get financially prepared for a collapse, I just don't know what is.
I've been showing the pieces to this Jenga economy falling one by one by one. Well, imagine 26 pieces just got pushed all at once. And when the yield curve inverts just in the U.S., it's always followed by a recession.
But this is catastrophically different. It's on a global scale and rates are increasing at the same time. And the entire foundation of our currency is being destroyed from the inside out.
It's the end of a currency's life cycle, and they're going to blame everyone but themselves when it happens.
You hold your wealth in this system. You are at the mercy of those driving this bus. And there's only one way to take back control, and that's the privacy and safety of gold.
Chapters:
1:20 Global Yield Curve Inverts for 1st Time
3:05 Global Financial Crisis Imminent
4:37 This Always Leads to Recession
8:00 Spot Silver & Spot Gold
9:57 When Consumer Confidence Declines
12:00 Ghana’s Gold Buying Plan for Bartering
Lynette Zang and Greg Mannarino Thursday 12-15-2022
The impact of a gold revaluation, a Chinese economy crash, and a potential new American currency!
Lynette Zang: 12-14-2022
Viewer Questions:
Question 1: 0:58 When Lynette speaks of a revaluation of gold, would the overnight revaluation happen to the spot price? which would mean it's really a revaluation of the dollar rather than gold, right?
Question 2: 1:40 Do you see a possibility of the Chinese economy crashing so badly that China is forced to sell much of its enormous gold reserves?
Question 3: 3:40 You said you took out a mortgage for your bug out home. If there is a reset, won't you owe a lot more dollars on it?
The impact of a gold revaluation, a Chinese economy crash, and a potential new American currency!
Lynette Zang: 12-14-2022
Viewer Questions:
Question 1: 0:58 When Lynette speaks of a revaluation of gold, would the overnight revaluation happen to the spot price? which would mean it's really a revaluation of the dollar rather than gold, right?
Question 2: 1:40 Do you see a possibility of the Chinese economy crashing so badly that China is forced to sell much of its enormous gold reserves?
Question 3: 3:40 You said you took out a mortgage for your bug out home. If there is a reset, won't you owe a lot more dollars on it?
Question 4: 6:30 What will happen to my annuity with The Reset? I have substantial money in a 10 year annuity with a life insurance company that was set up to provide me an income stream in the future.
Question 5: 11:44 Will America do a bankruptcy, write the entire debt off, and then start new with a sound money system backed by precious metals?
Question 6: 14:19 Can you paint a picture of how society will look when you are planning on bugging out?
We Now Know EXACTLY What The Fed. Is Going To Do Moving Forward... Capitalize On It!
Greg Mannarino: 12-15-2022