Goldilocks' Comments and Global Economic News Monday Evening 1-15-24

 Goldilocks' Comments and Global Economic News Monday Evening 1-15-24

Good Evening Dinar Recaps,

The New Development Bank, also known as the BRICS Bank, is getting ready to sell Bonds on the Global Markets. These "Maharaja Bonds" will be available to regular investors, governments, and financial institutions.

The above-mentioned BRICS Bonds will be available in local currencies and not the US dollar. These measures will give strength to the local currencies of the BRICS Nations boosting their local economies.

They are currently looking for an approval from regulatory authorities to move on these actions.

Several sectors of the US economy will be affected if these new banking protocols are approved. This new money will go to improve private sector projects among the BRICS system giving more purchasing power to their currencies.  SoftPower Link
© Goldilocks
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👆The old Financial System. If you know how to play Monopoly, you will know the financial system we are moving out of is one that gets too expensive for anyone to live in and the winner is the one that owns it all and no one else does.

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Global payment technology provider Opus Technologies has launched FinGeniusAI Solutions, an open innovation platform aimed at fostering the adoption of AI-based solutions in the banking and payments industry.    OpusTechGlobal Link

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"World Economic Forum Annual Meeting
DAVOS-KLOSTERS, SWITZERLAND
15–19 January 2024"  |  AA Link

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Supply and demand are becoming issues for Iraq as they have moved on to the International stage. This move has created fluctuations on the exchange rate of the Iraqi dinar, and they are currently looking at ways to stabilize their currency through economic tools that will bring them into alignment with other currencies.

This is why they are currently looking at measures of control to stabilize their exchange rate through the process of "deleting the zeros" and withdrawing cash mass from their citizens while transferring these monies to the banking system.

They're looking at other mechanisms to control the Iraqi dinar through interest rates, of which, we have talked about in this room. Interest rate control allows them to guide the inflow and outflow of the dinar.

Control of their oil supply and other economic factors of trade within Iraq is becoming increasingly evident and unnecessary. The ability for the Government to trade freely on an open market is an emerging theme of realization and of necessity. It will bring more prosperity to their local economy.

These new mechanism changes for Iraq are coming into play, and the emergence of a new economic system is beginning to create price pressures forging new ways of implementing their new economy.

© Goldilocks
https://www.non14.net/public/163518

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 This is what happens to a currency when price pressures start to reveal themselves.

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Iraq is now in mainstream Traditional Banking and transitioning into a digital economy at the same time.

We will be watching both the digital economy and traditional banking system mechanisms join together through Quantum Technological networks going forward.

New prices will emerge from each of these areas of utility for the Iraqi dinar and form even Newer price patterns because of the gold that will be sprinkled into it through Basel 3.

© Goldilocks

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Iraqi Banking Announcement:
Instructions and standards for circulation and exchange of banknotes, and counting and sorting mechanisms.   https://cbi.iq/news/view/2502

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"I Have a Dream" speech by Martin Luther King .Jr HD (subtitled)

https://youtu.be/vP4iY1TtS3s?feature=shared

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On this day of January the 15th, 2024, we stand upon a day known as a day whereby Martin Luther King Jr made his famous speech "I have a dream."

Today, we are at a crossroads and having to make another choice to stand together as a human race, collectively moving out of the bonds of slavery of an old Financial System and embarking upon a new day, a new revelation, a new road forged in the triumph of the human spirit daring to dream the impossible dream. As we cross over into a land where the landscape is paved with gold, let us do so with an unwavering spirit.

This new land is filled with creativity, opportunity, and a promise to take us all on a journey never seen before in history. To take this journey, it will require the entire human race to hold hands with one another no matter the color of our skin and reach out into a place where hands can no longer touch and find just ahead of us one reaching back from the Heavens itself.

Such is the case when we reach out into the place where Angels fear to tread and forge a path out of nothingness while literally creating new pathways into a future where faith, hope, and love are the new rules of the game.  

Join with me today, as we take this journey as a Global Nation to discover what it is to be truly human through the Divine qualities of our being knowing no limits to what is possible and discovering along the way what we were intended to be since the beginning of time itself.

© Goldilocks

The dream continues...

© Goldilocks

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More News, Rumors and Opinions Monday PM 1-15-2024

BRICS New Development Bank Prepares to Release Bonds in Local Currencies

Sunday, 14 January 2024,

BRICS bank to release bonds in local currencies

TEHRAN, Jan. 14 (MNA) – BRICS, a bloc of leading emerging markets, is preparing to launch new bonds in global markets, which will be available in local currencies rather than in the US dollar.

The BRICS bank, known as the New Development Bank (NDB), will soon release the bonds called ‘Maharaja Bonds’ worth $28 billion, IRNA reported on Sunday citing a press release by Watcher Guru, a website introducing itself as a leading source for finance focusing on cryptocurrency.

Watcher Guru did not specify the exact date the bonds will be released but said that NDB Chief Operating Officer Vladimir Kazbekov has announced that the bank is waiting for approvals from regulatory authorities.

The new bonds, according to the website, will be made available for governments, financial institutions, and regular investors.

They will be available for purchase in local currencies in an effort to strengthen them and to help boost their respective economies.

The plan to release the bonds is part of BRICS’s initiatives for de-dollarization as the alliance is moving ahead to reduce dependency on the American currency in an effort to reform the global economy.

BRICS is comprised of Brazil, China, Russia, India, and South Africa as well as six new members namely Iran, Saudi Arabia, the UAE, Egypt, Argentina, and Ethiopia.

BRICS leaders, at their latest summit in late 2023, pledged to promote the use of local currencies as a way to ditch the US dollar, as they unanimously rejected exploiting the global economy for political purposes.

Source: Mehr News Agency

https://dinarchronicles.com/2024/01/14/brics-new-development-bank-prepares-to-release-bonds-in-local-currencies/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  I don't think they're waiting for much of anything right now.  They're moving fast.  They're moving quickly in every aspect of the monetary reform.  The next step is to show the lower denoms...new exchange rate and to allow it to float on an international platform...These are not subjects we are proposing to you, these are subjects that are in the articles themselves...  

Militia Man   There's some very significant, big, big players exposed to this.  We all know JP Morgan, CitiBank and others are 100% involved...See the picture of the Vice President of JP Morgan Chase doing deals with Iraq...You walk into the bank at Chase and your average guy doesn't know what we know because what we know is we study and we have the data to support and the articles that are public that present that information.

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TNT:

Tishwash:  American politicians: The United States may seize Iraq's funds if it withdraws its forces

A report by the American Century Institute website confirmed that although the numbers have decreased significantly from a peak of about 130,000 soldiers during the American invasion of Iraq in 2003, there are still about 2,500 American soldiers stationed in Iraq and they are mostly there as part of the coalition. The international presence under the pretext of fighting ISIS. 

 The report, translated by the “Al-Ma'louma” Agency, stated that “demands to remove American forces from Iraq escalated after the assassination of General Qassem Soleimani and the Deputy Head of the Popular Mobilization Forces, Abu Mahdi Al-Muhandis, near Baghdad Airport, and the demands increased due to the American position in the war in Gaza and the United States’ support for the Israeli aggression.” On the Palestinian people.” 

Political analyst Sajjad Jiyad said, “If we are really honest, the discussion about the American presence has moved from the anti-ISIS mission,” adding, “Iraq does not need the same amount of support that it needed in the past, and the Iraqis have sufficient capabilities to prevent ISIS from relaunching.” A widespread insurgency, but the United States sees Iraq as a place from which it can confront so-called Iranian influence, and its bases in the country serve American strategic purposes.” 

The report stated, “The United States made clear that it wanted to remain in Iraq, while Jiyad explained that if they were to leave permanently, or if they were forced to leave, the Americans indicated that this might change things for the worse.”

Jiyad stated, “Forcing American forces to leave may cause problems, including the threat of sanctions, the possibility of detaining billions of Iraqi foreign reserves currently in the United States, and stopping military cooperation in the field of armaments.”

Jiyad concluded his speech by saying, “I think that the Iraqi government is in a very difficult situation at the present time and may want to negotiate a way out of this situation because it depends only on the seriousness of the events on the ground.”  link

Good news

Nader:  1-15-2024

https://www.youtube.com/watch?v=mtlWSaR4O7s

MARKETS A LOOK AHEAD: OPPORTUNITY IS EVERYWHERE! TAKE FULL ADVANTAGE OF IT

Greg Mannarino:  1-15-2024

https://www.youtube.com/watch?v=uXZQrfgSnr0

"Iraq and WTO News" Posted by Tishwash at TNT 1-15-2024

TNT:

Tishwash:  So are they in or not? 

Iraq returns to the World Trade Organization 14 years after its expulsion

Iraq is preparing for a major change in the trade file with the countries of the world and is preparing to exceed the limits set for Iraqi goods, with its return to the World Trade Organization 14 years after it was expelled as a result of its failure to adhere to the organization’s meetings.

The head of the Kingdom of Saudi Arabia’s mission to the World Trade Organization/the Saudi Permanent Representative to the World Trade Organization and responsible for the file of Iraq’s accession to the World Trade Organization, Saqr al-Muqbel, visited Iraq today, Monday, and delivered a speech in which he reviewed the importance of joining the World Trade Organization.

Al-Muqbil said in a press conference followed by Al-Iqtisad News, “I find Iraq’s accession to be a serious message from Iraq to the whole world, that Iraq is continuing its path of engagement with the whole world,” adding: “I find myself among my loved ones and brothers to do everything we have for your participation.” “The Kingdom’s successful experience in joining the World Trade Organization.”

He explained, "The Kingdom joined the World Trade Organization in 2005, and our non-oil merchandise exports amounted to about 18 billion dollars, and exports have now reached 84 billion dollars with the world," noting that "the Kingdom's service exports alone amounted to about 11 billion dollars in 2005 and have now reached more than 34 billion dollars.

He pointed out that "these achievements depend on Iraq's signals to join and accelerate its pace to find Iraq in its usual position and as one of the largest economies in the Arab region and the Middle East."

For his part, the Iraqi Minister of Commerce, Atheer Al-Ghurairi, said, “Iraq is taking steps to return as a strong economic player by opening relations with Arab countries and all countries of the world,” noting that “today, within a year, we were able to finalize three files and submit them to the committee related to Iraq’s accession to the World Trade Organization.” global trade in goods and services.

He stated that "Iraq joined as an observer in the World Trade Organization in 2004, and in 2009 Iraq stopped meetings and reached the point of being removed from the organization, and last year 2023, through continuous work on that and with the help of Saudi Arabia and the head of the Saudi mission in the organization, Iraq returned as an observer to the organization." Global trade, and we accomplished in one year the equivalent of more than 15 years’ work.”

Regarding the benefit of joining, Al-Ghurairi explained, “It means that the Iraqi economy enjoys any specifications enjoyed by world economies, but this does not replace the necessity of internal reform.”

He stated that "opening the doors to Iraqi goods and trade exchange through global controls will protect Iraq from entering the global market with its weight in the event that it fulfills its requirements and that our production is international and not local," noting that "Iraqi goods are now not allowed to go outside certain borders, and joining is possible." To reach the farthest country in the world   link 

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Tishwash:  The President of the Republic to a Saudi delegation: Iraq is keen to join the World Trade Organization

 The President of the Republic, Abdul Latif Jamal Rashid, received today, Monday, the Saudi Ambassador to Iraq, Abdul Aziz Al-Shammari, and the representative of the Kingdom of Saudi Arabia to the World Trade Organization, head of the team concerned with Iraq’s accession to the World Trade Organization, Saqr Al-Muqbel, and their accompanying delegation.

A statement from his office, a copy of which {Al-Furat News} received, stated: “At the beginning of the meeting, the Saudi ambassador conveyed the greetings of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, King of the Kingdom of Saudi Arabia, and Crown Prince Mohammed bin Salman to the president and their wishes to the Iraqi people for further progress and prosperity.” While Rashid conveyed to the ambassador his greetings to the Custodian of the Two Holy Mosques and to the Crown Prince, and his wishes to the Saudi people for further prosperity and development.

Irshid stressed, "Iraq's keenness to join the organization by achieving the commercial and economic standards required in this regard," praising "the role of the Kingdom of Saudi Arabia in bringing viewpoints closer and pushing towards establishing stability and peace in the region," praising "the efforts made by the team concerned with Iraq's accession to the WTO."

International and its meetings with the National Committee for the purpose of accelerating the completion of this file and in a way that contributes to the development of the trade system and the achievement of stability and sustainable development. 

He pointed out "the importance of benefiting from the experience of the Kingdom of Saudi Arabia in this aspect," referring to "the positive developments in Iraq that have had a positive impact on the lives of Iraqis as a whole," stressing that "the government has attached importance to establishing security and stability, developing economic activity, and encouraging foreign investment in the country." And to consolidate relations with neighboring countries and the world,” noting that “Iraq was an active member in most international organizations.” 

In turn, the Saudi ambassador affirmed the Kingdom’s keenness to support Iraq in international forums and stand by its side in enhancing security stability, development and progress in the economic and energy fields, noting that “Iraq is moving forward towards the process of reform, development and progress in various fields.”

For his part, Saqr Al-Muqbel reviewed the results of his meetings in Baghdad, which took place with the Iraqi National Committee for the Republic of Iraq’s accession to the World Trade Organization, expressing his “satisfaction with the steps taken by Iraq in order to implement the required standards, and affirming his country’s support for Iraq’s accession to the World Trade Organization.”

The head of the concerned team stated that "Iraq's accession to the organization is a gain for the region and the world, and will contribute to developing and expanding the progress achieved in financial services and improving the foreign investment environment." link 

Tishwash:  The Minister of Commerce announces the completion of three files related to Iraq's accession to the World Trade Organization

The Minister of Commerce, Atheer Al-Ghurairi, announced today, Monday, the completion of three files related to Iraq’s accession to the World Trade Organization, while indicating that Iraq will be an influential player in the international economic system.

Al-Ghurairi said in a conference attended by the correspondent of the Iraqi News Agency (INA): “The visit of the head of the mission of the Kingdom of Saudi Arabia and the head of the team concerned with Iraq’s accession to the World Trade Organization, Ambassador Saqr Abdullah Al-Muqbel, to Iraq is important and is a serious expression and signals that Iraq is continuing with its obligations according to the platform.”

 It is a solid government program whose steps are calculated through promising plans that have begun to bear fruit,” indicating “the importance of Iraq’s accession to the World Trade Organization, which comes through a working group in an international committee concerned with accession, which is the committee concerned with the accession of concerned countries to global trade, headed by the Ministry of Commerce and the head of the technical team is the ambassador.” “Known historically for seriousness, it is also a good sign of the development of relations and the sincerity of intentions of the

Kingdom of Saudi Arabia and its good initiatives as a people and government under the leadership of this team.”

He added, "The team will take real steps that will shorten the path to Iraq's accession to the World Trade Organization and benefit from the advantages offered by this accession. It will be part of the organized group to enjoy the privileges. It is also a solid step essential to building a solid Iraqi economy whose steps began with the government program and the ministerial approach and will be completed by the hands of the Iraqis and with the help of Iraqis." "Siblings."

He stated that "what the team accomplished within one year after Iraq joined the World Trade Organization as an observer in 2004, the meetings and work of this team continued until 2009, but since that year this file has been disrupted and we have reached the expulsion and suspension of observer status from the World Trade Organization. However, it is Within the government program and ministerial platform, Iraq will return to being a strong economic player, as well as an important and positive international political player, and to open relations with Arab countries and all countries of the world.”

He stated that "the team was able, within one year, to complete three files and submit them to the committee for final negotiation and approval, including those related to the file of trade in goods and services, as well as plant health and other files," pointing out that "with our selection to head the team, Saqr Abdullah Al-Muqbel, is that there is a new phase." "For this team to perform positively."

He stressed that "Iraq cannot be outside the international economic system, but rather it will be a player and influencer in it, and through reforms on the ground, the fruits of which our people will reap soon."

He stressed that "the signs of these measures and improving the business and investment environment will bring great benefit to our people and the economy of our country."   link 

Thoughts From DJ: "Gold Back USD Reality !!" 1-14-2024

DJ:  DID YOU KNOW?   Gold Back USD Reality !!

So here’s another reality check. It is pretty common knowledge that the GCR is predicated on world currencies being gold backed. In particular the USD, because of its reserve currency status. ( In 2023 the BIS estimated that the US dollar is involved in almost 90% of foreign exchange transactions. Half of global trade and three-fourths of Asian-Pacific Trade are in USD).

First you would have to look at the reality of what happens to the rest of the world’s currencies when the USD is strong. This means when the dollar appreciates, other currencies depreciate, making the world poorer and less able to engage in trade.

For example, a strong U.S. dollar benefits Americans traveling overseas and businesses doing business overseas, because $1 buys more: however, this is a disadvantage for foreign tourists or businesses doing business in the U.S. because their currency would buy less.

To determine how much gold would be needed to back all of these dollars, we need to divide the total value of the dollars by the current price of gold. As of April 2023, the price of gold was approximately $2053 per ounce.

To determine the amount of gold needed to back 2.1 trillion dollars ( in circulation at the time), we need to use that price of gold (at the time) to calculate the value of the gold reserves required.

First, we need to convert 2.1 trillion dollars into ounces of gold. To do this, we divide 2.1 trillion by that price of gold per ounce:

2.1 trillion dollars / 2053 dollars per ounce = 1,024,542,084.19 ounces of gold

So, we would need over 1 billion ounces of gold to back 2.1 trillion dollars in circulation. ( Note: as of Jan 2024 Current circulation is at $2.341T, requiring even more gold)

According to the US Treasury, as of April 2023, the US government holds approximately 261 million ounces of gold (since 1971), which is about 1/4th of what would be needed.

Keep in mind there is approx $22 Trillion USD in circulation globally, in various forms other than cash and coin And all of it would have to be repatriated into gold backed as well at some time.

So the narrative that the world is attempting to de-dollarize is actually a good thing but the reality of it depressing the U.S. dollar in half is total BS. The dollar is too big to fail. The GCR is meant to right the ship, but the reality of how it will process or what the actual architecture of that process looks like, is not known by anyone who is in the public forums.

It would take a book to explain how everything came to be and what would have to be done to change it. And it would be a very big book.

DJ

https://www.rumormillnews.com/cgi-bin/forum.cgi?read=235092

"Tidbits From TNT" Monday 1-15-2024

TNT:

CandyKisses:  Al-Sudani reaffirms the need to end the tasks of the international coalition in Iraq

Information/Baghdad.Prime Minister Mohammed Shia Al-Sudani on Monday reiterated Iraq's vision on ending the mission of the international coalition to fight ISIS.

A statement by the Sudanese office received by Al-Maalouma said that he "received, the Dutch ambassador to Iraq, Hans Sande, and during the meeting they reviewed bilateral relations between the two countries and ways to enhance them."During the meeting, he pointed to Iraq's openness to all forms of partnership and joint work in various fields, in particular the activation of the Joint Water Council between the two countries, in addition to the importance of the Netherlands assuming the leadership of the NATO mission in Iraq in mid-May.

According to the statement, Al-Sudani renewed "Iraq's vision on the mission of the international coalition to fight ISIS, in the next stage, which must include joint technical work to end this mission, and move to the levels of bilateral security and military cooperation .

For his part, the ambassador handed over, during the meeting, an official invitation to Dutch Prime Minister Mark Rutte to visit the Netherlands in order to discuss more partnership opportunities between the two countries, and to convey his government's desire to increase levels of cooperation, Pointing to the positive relations between the Netherlands and Iraq, as well as the desire of Dutch companies to work within Iraqi development programs and infrastructure reconstruction.

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Tishwash:  Al-Sudani receives an official invitation to visit the Netherlands

The Prime Minister, Mr. Muhammad Shiaa Al-Sudani, received the Dutch Ambassador to Iraq, Mr. Hans Sande, and during the meeting, they reviewed bilateral relations between the two countries and ways to enhance them.

During the meeting, His Excellency pointed out Iraq’s openness to all forms of partnership and joint work in various fields, in particular the activation of the Joint Water Council between the two countries, in addition to the importance of the Netherlands assuming leadership of the NATO mission in Iraq, mid-May.

Mr. Al-Sudani renewed Iraq's vision regarding the mission of the international coalition to combat ISIS, in the next stage, which must include joint technical work to end this mission, and move to the levels of bilateral security and military cooperation.  

For his part, the ambassador delivered, during the meeting, an official invitation to His Excellency from the Dutch Prime Minister, Mr. Mark Rutte, to visit the Netherlands in order to discuss more opportunities for partnership between the two countries, and to convey his country’s government’s desire to increase levels of cooperation, pointing to the positive relations between the Netherlands and Iraq. In addition to the desire of Dutch companies to work within Iraqi development programs and infrastructure reconstruction.

Prime Minister’s Media Office
15-January-  link

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CandyKisses:  Iraq plans to stop international borrowing this year

 Mawazine News-Baghdad
Advisor to the Prime Minister for Technical Affairs, Engineer Muhammad Al-Daraji, Chairman of the Committee to Review Foreign Foreign Loans to Iraq, revealed that the government is seeking to stop loans that do not benefit the country.

Al-Daraji said, in a statement to the newspaper (Al-Sabah) followed by / Mawazine News / "Iraq entered after 2003 a new wave of foreign loans and debts due to low oil prices and insufficient budget in most cases."

He added that "there was clear confusion and differences in estimating the size of Iraq's new foreign debt due to the existence of other debts before 2003," noting that "the new debts must have a clear picture of them in order to take appropriate measures in dealing with them in order to preserve the country's economy and its credit rank globally."

Al-Daraji explained that "loans are distributed between ministries and provinces in exchange for projects, and the task of the committee, which formed the inventory of loans and find out what projects, ministries or provinces benefited from them and what is their condition," noting that "debts entail interest that burdens Iraq and must be liquidated and reach final results in knowing the size of debts and how to repay them and their value for the economy."

The Prime Minister's Advisor for Technical Affairs said that "these debts may have been taken for certain reasons, but there is no added value to the Iraqi economy, which makes us study the debts again and proceed with the implementation of the projects for which the debt was borrowed, and if they are useless, they must be stopped and the debts returned to improve Iraq's financial situation internationally."

It is noteworthy that foreign foreign loans to Iraq are estimated at $ 25 billion, and the formation of this committee comes after those loans burdened the country during the past twenty years.

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Tishwash: Economist: The Iraqi Central Bank returns to the forefront with a new strange decision!

 Economic researcher, Ziad Al-Hashemi, said on Sunday that the Central Bank opened a new door to withdraw the dollar under the pretext of “borrowing” and then repaid the value of these dollar loans in dinars and at the official rate, without specifying any controls or standards that control dollar borrowing operations, which makes it a potential method. To receive the dollar and smuggle it or sell it for cash at the parallel price, and then repay its value at the official price and profit from the price differences.

Al-Hashemi stated in a post on the “X” platform,  that “the Iraqi Central Bank returns to the forefront with a new strange decision, as many were optimistic about the recent steps of the Iraqi Central Bank and considered them (reform) measures that will contribute to supporting the dinar, controlling the leakage of national hard currency, and stabilizing exchange rates, but It seems that the management of the Central Bank wants to raise controversy, suspicions and speculation again, through some strange decisions.”

He explained, “The Central Bank opened a new door to withdraw the dollar under the pretext of (borrowing) and then repaid the value of these dollar loans in dinars and at the official rate (according to the book below), and this book (according to its wording) does not specify any important controls or standards that control dollar borrowing operations, which This makes it a potential way to receive the dollar and smuggle it or sell it for cash at the parallel price, and then repay its value at the official price and profit from the price differences.”

He stated, “This potential fraudulent exploitation of the Iraqi dollar will refuel the smuggling and money laundering networks with cash dollars, and will increase the wealth of speculative parties (already wealthy) in dollars through differences in exchange rates.”

The economic researcher called on “the Central Bank to reconsider this book and discuss its potential repercussions on the Iraqi markets and economy, and to amend it in a way that preserves Iraqi funds and does not provoke the Fed again.”     link

Mot: ... THE SNACK!!!

Mot: Lost Cellphone

News, Rumors and Opinions Monday AM 1-15-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

Restored Republic via a GCR: Update as of Mon. 15 Jan. 2024

Compiled Mon. 15 Jan. 2024 12:01 am EST by Judy Byington

Judy Note: “Something big is about to happen,” Captain Marvel Jr. on Telegram Sun. 14 Jan.

A Stock Market crash is on the horizon and will cause huge ramifications around the World. The RV won’t happen until after the Stock Market Crash.

“When it comes to the Black Swan/Stock Market Crash, the RV the Arrests, Martial Law be assured it will happen very VERY quickly. Logic dictates to me that since we are so far down the road on this with delay after delay in the past the White Hats not only have to pull the Trigger but pull it in the NOW TIME. Remember “Everything Everywhere All At Once.”

When Martial Law comes in and they tell you to stay at home, then stay at home for your own safety.

Global Currency Reset: (RUMORS)

On Sat. 13 Jan. the SWIFT Home Page (Society for Worldwide Interbank Financial Telecommunications (SWIFT))said that the new ISO 2022 System (Digital Data Interchange between financial institutions) for payments was now live.

Sat. 13 Jan. RV Highlights on Telegram: 15/16th yes. Basel 3 complete implementation. Rising Metals from Tier 3 to Tier 1. Kinda feels like Black Swan at any moment over the next 3 or 4 days.

Sun. 14 Jan. The International Monetary Fund (IMF), which was (Allegedly) responsible for the RV timing, said that the RV could  (Allegedly) occur any time by Sun. 14 Jan.

Iraqi Prime Minister Al Sudani and the Governor of the Central Bank of Iraq Al Allaq would both be attending the World Economic Forum in Davos Switzerland for the annual meeting January 14th to 19th.

On Mon 15 Jan all new international currency rates including the Iraqi Dinar, was  (Allegedly) planned to be trading on the Forex.

On Tues. 16 Jan. we move to the final rule stage of Basel 3 compliance in our banking system. At this time, final guidance will be given on Capital requirements held in the banking system in terms of gold and other assets to support it.

For the first time in 45 years, US Treasuries have more of a downturn volatility risk potential than gold. This is why we are moving to Basel 3 compliance in our banking system. Monetary gold now qualifies as a Tier 1 asset, and it is 100% valued for the purposes of bringing stability to the banking system. Gold will set us free. … Goldilocks https://pinnacledigest.com/mining-stocks/central-bank-purchases-gold/#:~:text=But%20under%20Basel%20III%2C%20monetary,requirements%20before%20the%20banking%20crisis.

Sun. 14 Jan. RV: The IMF uses a special monetary unit called SDR (Special Drawing Rights) to determine special drawing rights and determine the value of the currencies of member countries. Suggests new initial exchange rate: USD $1.33 x 1 DINAR. …Goldilocks

Sun. 14 Jan. Breaking the Chains! Our Coming GCR Transition to Asset-based Prosperity – To Hell with the Bankster ‘Reset’ — Dinar Recaps

BRICS bank to release bonds in local currencies: https://en.mehrnews.com/news/210756/BRICS-bank-to-release-bonds-in-local-currencies

Sun. 14 Jan. Former Central Banker: “The World Is Heading Towards A New Monetary System That Incorporates Gold” https://www.zerohedge.com/commodities/former-central-banker-world-heading-towards-new-monetary-system-incorporates-gold

The unknown currency that’s worth more than the British Pound, Euro and the US Dollar: #Kuwait https://www.express.co.uk/news/world/1854941/kuwait-currency-british-pound-euro-dollar

Read full post here:  https://dinarchronicles.com/2024/01/15/restored-republic-via-a-gcr-update-as-of-january-15-2024/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  The Central Bank of Iraq...they're not going to be doing all the banking...JP Morgan Chase, CitiBank...those are the the banks that are going to be doing the correspondent work with the trade, cross border payments...That's what we've been waiting on.  That's what happening.  It looks like the international institutions have the green light.  Looks like it's a pretty phenomenal time frame for that....

Mnt Goat   I asked [my CBI contact] what rate the CBI wants to bring the parallel rate of the dollar down to?  I was told at least around the “official” CBI rate. They are driving to have them match very closely. In consultation with the IMF this is what they are now mandating and is in the plan. When this is reached and stable, the committee will be notified to begin the process of deleting the zeros and move ahead with it.

Talking about deleting the three zeros and exchange rate see descriptions translated with Google

Nader:  1-14-2024

https://www.youtube.com/watch?v=6_lWKhYaQZY

SURPRISE ALERT! DEMAND SHOCK! 2023 Solar Used OVER 330 Million Ounces of Physical SILVER!

(Bix Weir) 1-14-2024

In a year where the price of silver DID NOT MOVE AT ALL the physical demand for Silver in 2023 WAS SHOCKING!! The single largest demand category, Industrial Solar Silver, grew to shocking heights over DOUBLE 2022's consumption! How will the "EXPERTS" deal with this fact???

https://www.youtube.com/watch?v=3BEM8PaNoWM

Breaking the Chains! Our Coming GCR Transition to Asset-based Prosperity – To Hell with the Bankster ‘Reset’

Breaking the Chains! Our Coming GCR Transition to Asset-based Prosperity – To Hell with the Bankster ‘Reset’

On January 10, 2024 By Awake-In-3D

In Uncategorized

Are we on the brink of a global financial revolution? There’s an imminent shift before us leading from a debt-ridden economy to an empowering, asset-backed financial system.

This isn’t just about numbers and policies; it’s about a transformative, pinnacle event unleashing economic sovereignty and individual freedom.

This monumental asset-backed reset can redefine our financial landscape, liberate us from cycles of debt, and herald a future of financial stability and empowerment.

We all understand the corrupt nature of our current financial system, with its relentless buildup of debt and its cyclical crises, there’s an undeniable sense that we’re approaching a monumental shift – a global financial reset to asset-backed currencies.

This isn’t just about the numbers on our bank statements; it’s about a fundamental change in how our world views and handles money.

Think about it – for too long, we’ve been trapped in a financial system that seems to operate on an endless loop of debt accumulation and economic downturns. It’s been a system where debt grows faster than our ability to pay it back, leading to economic slowdowns that impact each of us personally.

Our hard-earned money has been funneled (via endlessly increasing taxation and regulation) into servicing the debts of the fiat financial system, leaving less for the real economy and for our own pockets.

Governments have often responded to these crises with short-term solutions that only serve to kick the can down the road.

These solutions, such as creating more credit to inflate the economy, typically end up benefiting big lenders at the expense of the average person.

It’s a system that has consistently favored the financial elite, while everyday people are left to bear the consequences of policies that don’t prioritize their well-being.

The 2008 financial crisis was a glaring example of this flawed system.

Banks extended loans to increasingly risky markets, leading to a housing market crash and widespread economic turmoil. This wasn’t just an abstract financial event; it had real, tangible impacts on people – from losing homes to job losses and beyond.

The government’s response, though aimed at stabilizing the economy, often ended up benefiting those at the top, leaving the broader population to grapple with the fallout.

However, amid these challenges, there’s a growing sense of optimism about the future of our financial system.

We’re on the cusp of transitioning to a system backed by real, tangible assets, moving away from the unstable foundation of our current fiat financial system.

This shift promises to bring about a financial environment that respects individual financial freedoms and sovereignty, rather than one that feels invasive and controlling.

This global financial reset isn’t just about changing the way money is made or managed; it’s about transforming the very principles that underpin our financial world. It’s about creating a system that values transparency, trust, and the empowerment of individuals.

We’re looking at a future where our financial system supports and uplifts us, rather than constraining us within cycles of debt and instability.

So, while the current financial landscape might seem hopeless, there’s a wave of positive change on the horizon.

This asset-backed reset is a chance for us to build a financial system that truly works for everyone, one that brings stability, respect for privacy, and a renewed sense of control over our individual and collective economic destinies.

Let’s welcome this new era with open arms, ready to embrace a future where our financial system is a source of strength and empowerment – not chains and servitude.

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D

https://ai3d.blog/breaking-the-chains-our-coming-gcr-transition-to-asset-based-prosperity-to-hell-with-the-bankster-reset/

Goldilocks' Comments and Global Economic News Sunday Evening 1-14-24

Goldilocks' Comments and Global Economic News Sunday Evening 1-14-24

Good Evening Dinar Recaps,

"The IIA Releases New Global Internal Audit Standards to Lead Profession into the Future"

The Institute of Internal Auditors has a long history of auditing Financial Industries.  It provides internal audits regarding principles, compliance issues, and proposals for implementation in a streamlined format.

This auditing system began the first day of this year and will run until the end of the year and following. It determines sanction procedures, as well as, moving Financial structures into new directions.

It is clear that our QFS is up and running. Since the beginning of the year, we have added reporting procedures and now auditing protocols to our new digital asset-based trading system.

As we approach, Basel 3 final guidance on January 16th implementation and Protocol 20 on January 30th, we are about to be well on our way to a systematic approach designed to self-check itself on a global scale.  

© Goldilocks

The IIA Link
SanctionScanner Link
The IIA US Link

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Banking Announcement:

On 11 December 2023, Treasury and the IRS issued Notice 2023-80 (the “Notice“), which represents the US government’s first attempt to address the US federal income tax implications of Pillar Two. The Notice provides guidance on certain foreign tax credit and dual consolidated loss issues that arise in the context of Pillar Two. The Notice also extends the period of relief for the 2021 final foreign tax credit regulations until more guidance is issued. John Barlow, Rafic Barrage, Ethan Kroll, Sam Pollack and Steven Smith analyze the guidance in Notice 2023-80: When the US Tax Code Meets Pillar Two, as first published in the December 2023 issue of Tax Management International Journal.

To read Notice 2023-80: When the US Tax Code Meets Pillar Two, please click below.👇

Notice 2023-80: When the U.S. Tax Code Meets Pillar Two

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"The Federal Reserve is unlikely to extend its Bank Term Funding Program, the central bank’s vice chair for supervision, Michael Barr, inferred Tuesday while speaking at an event for Women in Housing and Finance. The Fed launched that emergency lending facility last year amid the collapses of Signature and Silicon Valley Bank. It is set to expire March 11."

We talked about this last week. The safety net for the old banking system of emergency funding will be over on March the 11th, 2024. We are expected between now and then to make adjustments inside our new Digital Asset Based Trading System and new Capital requirements to be up and running well.

These changes could cause fluctuations in the market we have not seen in a long time, but these shifts will be adjusted through new Basel 3 final guidance on our new tokenized assets interfacing together with banking systems and financial institutions all over the world.

This is not an overnight process and could take well into this year for many assets to shift into new prices based on new banking protocols.

Look for price pressures to cause new valuations going forward. It is a process expected to happen over time leading to a culminating event of weighing the market and its new values on a fixed rate of gold.

© Goldilocks
Banking Dive LInk

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Fed Reports Operating Loss of $114 billion for 2023, as Interest Expense Blows Out | Wolf Street
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Google launched several new tools for retailers using generative artificial intelligence to improve online shopping experiences and other retail operations, its cloud business announced in a release Thursday. 

CNBC Link

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China is using AI and 3D printing to build a 590-foot-tall dam without the need for human workers, scientists say  |  Business Insider

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In a significant shift, Norwegian Cruise Line (NCL) has announced it will cease foreign currency exchange services aboard its vessels from February 1, 2024. The change mandates the use of the U.S. dollar for all onboard transactions, impacting the way international travelers manage their finances while at sea.6 hours ago   https://www.cruisehive.com › norw...  
Norwegian Cruise Line Discontinues Currency Service 

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Look for several Market adjustments to take place as capital requirements under Basel 3 get implemented between now and March the 11th, 2024.

From that moment forward, the emergency funding program to protect our markets from the old Financial system will fall away.

We will be on a new digital banking system guided by new protocols under gold as a tier-one asset.

© Goldilocks

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Watch the Debt Clock at 6pm ET tonight!   A Secret Message appears every Sunday, Tuesday, and Thursday at 6pm ET.   Join the discussions in the SOWT's Living Room as we try to decode the message!

Discussions ON THE DEBT CLOCK Topic begin at 6pm ET
Join in the fun with your decoding ideas.
While the Debt Clock topic is being discussed please stay on topic. Off topic comments during this time are subject to being removed. Thank you

The Living Room Link
The Debt Clock Link
The Debt Clock on the SOWT Website

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Tales from an RV/GCR Road Warrior: My Personal ‘Exchange’ Stories : Awake-In-3D

Tales from an RV/GCR Road Warrior: My Personal ‘Exchange’ Stories

On January 12, 2024 By Awake-In-3D

In RV/GCR, Random Thoughts

I have been a card-carrying member of GCR Land for 13 years as of last month when I purchased my first IQD.

I started out as an avid follower and consumer of the Guru News Network (GNN). Over time, I listened to every RV/GCR conference call, read every internet news site, and joined every online chatroom I could find.

Soon, I found myself realizing that I was a fully addicted GCR Hopium junkie.

The Genesis of an RV/GCR Road Warrior

After a cacophony of daily “It’s happening” and “It’s done” GNN reports peaked around 2013, I took my first steps from being only an RV/GCR observer to becoming a more proactive GCR Land participant.

I started asking a lot of questions.

Believing that asking rational and logical questions (my nature being an experienced Engineer and Entrepreneur) would lead me to meaningful answers about the constant delays of my RV/GCR exchange/redemption, I was deeply disappointed.

Instead of getting answers, I was quickly the subject of ridicule and disdain within the GNN landscape of the time. I was labeled a cabal shill, CIA infiltrator, and worse. Soon I was an outcast and banned from nearly every online community of the day.

Then I found a few private member chat rooms where my probing questions were accepted by like-minded folks who were also questioning the GNN narratives. Yet still no answers came forth.

So, I began to faithfully dig and research all things relevant to how currency exchange rates are determined, the global financial system infrastructure, and fundamental economic principles and my eyes were opened.

Then I started to write about what I was learning under the pseudonym of Awake-In-3D.

As my posts began finding their way into mainstream GCR Land news outlets, people more deeply involved in behind-the-scenes RV/GCR took notice and began to contact me privately and I started getting plausible and realistic answers to many of my initial questions.

And this led to even more questions – so I kept on digging and writing.

Eventually, I found myself invited to private exchanges and redemption opportunities for my growing collection of currencies and bonds. I thought I finally made a breakthrough, but little did I realize at the time that I was only just beginning my RV/GCR journey.

Exchange Stories: Brokers and Bankers and Lawyers Oh My!

I tend to write long-form articles, but I’ll keep this short.

My first exchange scenarios began with different lawyers with “top level connections” to currency and bond (assets) Buyers. Centered in Reno, Los Angeles, and Salt Lake City, I was instructed to send my assets to them under a contract to transact.

The contracts were all in the usual legal language I recognized from my professional business experience even offering insured/bonded transport of my assets. I actually considered doing this. Afterall, everything looked totally legit.

It was only after I offered to personally transport my assets, and meet the parties involved directly, did I run into doubt.

The Reno and Salt Lake City lawyers suddenly had excuses for why my request was not possible. Hmmmm…

But the LA lawyer was open to a private meet so I packed up my car and drove cross-country from Chicago to LA. This was showing progress!

The next day, being only 3 hours from LA, the private meet-and-greet with the Buyer started getting delayed. Hmmmm…

The meeting never took place and it was a wasted trip. I was told the Buyer had to catch a last-minute flight to Hong Kong, but the attorney said I could leave my assets in their office and the transaction would be executed when the Buyer returned. Hmmmm…

No thanks!

Some months later, I was contacted by a broker representing one of the Asian Elder Families and I was invited to participate in and asset exchange to take place in Singapore as part of the initial liquidity injection into the broader GCR funding infrastructure.

Contracts were offered containing terms and asset pricing. Also included were Humanitarian and Economic Project participation stipulations. Now we’re talking! Only this time, I wasn’t going to fly all the way to Singapore just to face another wasted trip.

So, I offered to have a 3rd-party, legal fiduciary, approved my both myself and the Buyer act as a Guarantor and transporter of the assets (similar to an Escrow facility) once the funds for the transaction were verified (proof of funds/POF) by the Fiduciary.

This was deemed acceptable and the process began. I generated a list of serial numbers and Proof of Life (POL) photos of my assets while I was awaiting Proof of Funds documentation from the Buyer and HSBC Bank.

I withheld providing my serial numbers, etc. until I had POF letter from the bank. Day after day went by without the POF letter but was told it would be forthcoming.

Becoming impatient, I informed the broker that I was going to withdraw from the deal if the POF was not provided within the next 5 business days.

Near the end of the 5-day period, I was offered a different contract and a sum of $10,000 cash up front to remain in the deal – since the Buyer needed more time. I said no because I would have lost the Right of Refusal with the Buyer if I signed the new Agreement.

It turned out that the broker was structuring a Flipper Deal on behalf of the Buyer. The Buyer was under the impression that a private RV/GCR exchange would occur on his side within 30 days under which he was waiting for POF from his Buyer’s bank.

The broker never made clear to me up front that this was an asset Flip deal.

I have several additional such stories over the early years, but I need not elaborate further. Suffice it to say, none of them have come to fruition as of today.

All around these transactions, there were bankers involved in deals. Legitimate folks with positions and names I could verify. While a few of the lawyer deals smelled of deception, most were put forth with good faith under lawful circumstances.

Bankers are just the guys in the middle of all of this. Some are very aware of the state-of-play in Our GCR (not the bad guy reset). They want the business.

After all, they’re bankers. Many get excited and tend to get overzealous in their predictions over what is going on in the bigger picture.

Most times, I wish they would just admit that they don’t know as much as they think they do.

I have also come across my share of pure criminals and con artists in my GCR Road Warrior journey thus far. Whenever there’s a lot of cash involved, there are always sharks in the water.

For the bulk of those early experiences, I fully believe the RV/GCR is real, and since those days, I have come to learn a much more and forge a greater sphere of connections in the process – further strengthening my support for the RV/GCR event forthcoming.

I also know that the Bad Guy Reset plan is real.

Additionally, I am highly aware that quite a few of the scenarios, accepted as truths, surrounding Our RV/GCR are exaggerated at best and pure myth in the worst cases.

But this is also to be expected in such a transformational, epic financial event.

Yet the greatest thing I have learned so far is, no one knows when the RV/GCR will actually occur or exactly how it will unfold.

Anyone claiming to know, certainly does not know.

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D

https://ai3d.blog/tales-from-an-rv-gcr-road-warrior-my-personal-exchange-stories/

0% Interest Rates Coming Back When System Implodes – Craig Hemke

Greg Hunter (w/ Craig Hemke): 0% Interest Rates Coming Back When System Implodes

1-13-2023

0% Interest Rates Coming Back When System Implodes – Craig Hemke

By Greg Hunter’s USAWatchdog.com (Saturday night Post)

Financial writer, market analyst and precious metals expert Craig Hemke says the variables are so numerous it is nearly impossible to predict exactly what is going to happen in 2024.  One thing is for sure, the variables are all bad.  

There is the exploding federal debt, now at $34 trillion.  The federal government is on track to increase the debt by a whopping $2 trillion in one year!!! 

There are growing global war possibilities in the Middle East, Tiawan and Ukraine.  Low unemployment numbers coming out of the BLS are lies hiding a sick economy. 

Commercial real estate is a tanking mess.  Unrealized losses are in the hundreds of billions of dollars sitting at the banks.  There is a growing liquidity crisis brewing.  [redacted] deaths and injuries are exploding with no end in sight. 

The Southern border is wide open to terrorists wanting to harm America, according to the FBI.  This is just the short list of very real potential disasters that could easily strike. 

Keep in mind, every single one of these could all happen during 2024.  Hemke says, “It’s not fixable.  It’s just not fixable.  It’s such a joke to hear from the politicians that you are going to get this election year.  They will say, ‘We have to have a balanced budget. . . . We have to get the federal budget deficit back to pre-Covid levels.’  Yeah, right.  Good luck.  That’s not going to happen.”

When does it all crash to the ground?  Hemke says, “I don’t know.  It’s arbitrary.  Remember the Jenga game where you stack those cubes and you start pulling them out?  You don’t know what will be the last cube you pull out that will topple the whole thing.  It’s the same thing. 

What will be the last trillion dollars that will topple the whole thing.  There also may be a confluence of things . . . . like nations saying to the US, ‘the heck with you and your dollar.’  Then we have all these dollars that come home, and we have all these dollars swimming around, and the whole thing implodes so quickly. . . .

The parallels in the US in the 2020’s compared to Weimar, Germany in the 1920’s are remarkable, and not just monetarily, also societal and political.  The similarities are incredible.”

Hemke has a dark prediction if we get a full-blown war, which is looking like it’s on the way now.  Hemke predicts, “The Fed cuts rates to 0% again.  If we have a full-blown war and we have terror attacks all over the country that is grinding the US economy to a halt, they will have emergency action. . . .

Remember when things were going down in Covid and in March 2020, here comes the Fed with . . .all these programs.  They lowered the Fed Funds Rate to 0%.  They started all this new QE, and the markets just shot up.  Gold was up $100 a day for two days in a row.  .. .    That’s exactly what they will do. 

The economy will be seizing up, and we will be back to where we were at the beginning of Covid.

There is much more in the 47-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Craig Hemke of the popular website TFMetalsReport.com 1.13.24.

https://rumble.com/v46oynz-0-interest-rates-coming-back-when-financial-system-implodes-craig-hemke.html

"Tidbits From TNT" Sunday 1-14-2024

TNT:

CandyKisses:  Submission of a proposed law to "remove foreign forces" from Iraq

twilight News / About a hundred deputies in the Iraqi parliament announced on Saturday the submission of a proposed law "Removing foreign forces from Iraq", amid unprecedented escalation Between armed factions and the international coalition forces, most notably the escalation against military bases in Country.

said MP Faleh Al-Khazali, during a press conference held at the Parliament building, with the participation of a number of MPs, attended by Shafaq News Agency: "We, members of the House of Representatives, present a proposed law to remove foreign forces from Iraq, at a request signed by 88 deputies."

He came This is as a result of "the continued violations of Iraqi sovereignty by US forces, by During the repeated targeting against the headquarters of the Popular Mobilization Forces and their leaders, who are part of the forces Iraqi Armed Forces," Khazali said.

He added This also comes as "considering that there is no need for foreign forces to be present in Iraq, Especially in light of the presence of a sufficient number of armed forces and security agencies that undertake Defending the homeland and its people."

Tishwash:  Al-Fateh: America does not want to leave Iraq for these reasons

Today, Saturday, the Al-Fatah Alliance explained the reasons for the American forces’ insistence on remaining in Iraq, while stressing that Washington does not want to leave Iraq “at all.”

The leader of the coalition, Aed Saheb, said in an interview with the “Al-Ma’louma” agency, “America does not want to leave Iraq, given that this region contains the two most important trade corridors around the world between the East and the West, which are the Suez Canal and the port of Al-Faw.”

He wondered: “If the Al-Faw port were to be completed, it would either be an alternative or a solution to the Red Sea and the Suez Canal for the passage of global trade,” pointing to “the global energy market, which depends mainly on what is present in the region, especially as it supplies the world with more than 33%.” ".

The leader of the Al-Amiri coalition explained, “Most of the countries in the region are partners of America, and have allied themselves with the Zionist entity, and therefore Washington came to Iraq to preserve its interests, and this matter made it pay and provide what it provided over the past years, in terms of money and support to this or that party.”

Earlier today, Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, called on the government to implement the decision to end the foreign presence in Iraq, indicating that the House of Representatives’ decision to end the presence of foreign forces in Iraq is a principled and firm decision.

Most of the Iraqi political forces issued their support for the Prime Minister regarding the steps to remove American forces from Iraq after a series of attacks against the Iraqi security forces. link

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Tishwash:  Sudanese participates in the World Economic Forum in Davos, Switzerland

A government source reported, on Saturday, that Prime Minister Muhammad Shiaa Al-Sudani will participate in the World Economic Forum in Davos, Switzerland.

The source told Shafaq News Agency, “Prime Minister Muhammad Shiaa Al-Sudani is participating in the World Economic Forum in the Swiss city of Davos in its fifty-fourth edition, which will begin its work on the fifteenth of this January.”

This year’s edition of Davos carries the slogan “Restoring Confidence,” and will focus on the conflict in the Gaza Strip, along with issues of global concern, such as climate and artificial intelligence. The forum is supposed to witness the participation of heads of 100 governments and representatives of 1,000 international organizations.

Government spokesman Bassem Al-Awadi had confirmed earlier today, Saturday, that the Council of Ministers session would be postponed to tomorrow, Sunday, instead of Tuesday, which witnesses the holding of the Council’s regular sessions every week.  link

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Tishwash:  A thousand dinars angers the owners of the payroll outlets in Amara.. Pictures from the protest against Al-Rafidain

"Retirees can't bear it anymore"

 Maysan 

On Sunday, the owners of outlets for disbursing the salaries of retirees and employees in Maysan organized a protest against a new commission of one thousand dinars imposed by the Rafidain Bank, on withdrawing nationalized salaries, in addition to the previous 3 thousand dinars deducted in exchange for the service of withdrawing one million dinars from the salary.

the details

Rafidain Bank imposed a commission of one thousand dinars on every million withdrawn from salary delivery outlets, in addition to 3 thousand dinars imposed previously, which angered the outlet owners who organized a protest in front of the bank’s branch in Amara.

Haider Abd Falhi - Demonstration Coordinator:

There are 3 things that Rafidain Bank must change, the most prominent of which is adding a thousand dinars commission, which will be a new burden on employees and retirees, and this is what we reject.

In addition, the bank deducts an amount of 3,000 dinars for every withdrawal from the outlets, and this causes us huge losses.

There are matters that the Rafidain Bank has not resolved, most notably the recovery of damaged currency from salaries, and the compensation of outlet owners for the recurring shortage in the amounts received from the bank, and this is what the Rafidain Bank has not yet acknowledged.

Sabah Salem - outlet owner:

The outlet owners deposited deposits in the Rafidain Bank several years ago at a rate of 5 million dinars, which have not been returned yet.

There is rough treatment with outlet owners within the bank, and it would have been better for us to be dealt with in a better way than that, because we conduct large and continuous financial transactions with the bank.

Bassem Muhammad - Director of Al-Rafidain Bank in Al-Amarah:

We cannot change the procedures issued by the public administration in Baghdad, and responding to these protests is within its jurisdiction only.  link

Mot: Nope...I'm pretty certain he's forgotten SOMETHING!

Mot: .... Hay!! -- I Can Use un Too!! ---