Possible "Bank Questions" Posted by Frank26 at KTFA 4-5-2023
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)
KTFA:
Clare: SOMEONE ASKED ME TO REPOST THIS...
THESE ARE FRANK’S BANKS QUESTIONS THAT YOU MAY WANT TO SAVE FOR YOURSELF...
1. IF I DEPOSIT MY PROFIT IN YOUR BANK ............... HOW MUCH WILL YOUR FDIC COVER MY ACCOUNT ................... WILL YOUR BANK CONNECT ME WITH YOUR INSURANCE COMPANIES?.......
2. WILL YOUR BANK GIVE ME A CARD TO WITHDRAW ........... UNLIMITED AMOUNTS?............. DO I NEED APPOINTMENTS TO WITHDRAW CASH ? WILL YOUR BANK ESTABLISH A CASH RESERVE FOR MY ACCOUNTS?......
3. YO YO YO MR BANKER ................ U ALL GOT "CDARS" TO PROTECT ME WITH ?
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)
KTFA:
Clare: SOMEONE ASKED ME TO REPOST THIS...
THESE ARE FRANK’S BANKS QUESTIONS THAT YOU MAY WANT TO SAVE FOR YOURSELF...
1. IF I DEPOSIT MY PROFIT IN YOUR BANK ............... HOW MUCH WILL YOUR FDIC COVER MY ACCOUNT ................... WILL YOUR BANK CONNECT ME WITH YOUR INSURANCE COMPANIES?.......
2. WILL YOUR BANK GIVE ME A CARD TO WITHDRAW ........... UNLIMITED AMOUNTS?............. DO I NEED APPOINTMENTS TO WITHDRAW CASH ? WILL YOUR BANK ESTABLISH A CASH RESERVE FOR MY ACCOUNTS?......
3. YO YO YO MR BANKER ................ U ALL GOT "CDARS" TO PROTECT ME WITH ?
THE FOLLOWING QUESTIONS ARE FROM PREMIUM MEMBERS THAT WERE POSTED IN CHAT BEFORE FRANK WENT TO THE BANK.
1.Will you confirm the validity of my notes in house?
2.What is the spread?
3.Will they pay for the insurance on my money if I leave it in their bank?
4.How will you guarantee that my funds will be safe in your keeping?
5. Can I have my bank accounts locked down and the only one that can see my accounts is the Manager and I?
6. If I leave my money here for a set time how much interest can I get.?
7.Can I get my dinar exchanged into the USDC. Digital Dollar and sent to my crypto wallet?
8. Will they guarantee to match any better offer from another bank, so I know I am getting the best deal available by banking here?
9. How many accounts can I open up at one time?
10. If I exchange all of my foreign currency through your bank, would you charge me any service fees for the exchanges???
11. What perks above and beyond what you give to regular customers can you provide to me if I deposit with you?
12, What can you offer me that another financial institute won’t? Why should I select your institution?
13. Transfer limits?
14. How much is it to insure my bank accounts from someone hacking into my bank accounts?
15 If I only exchange some now but will be back to exchange a lot more later could I get a better spread on first exchange too?
16. Can you provide space to store gold and silver?
17. what will be your fee..will it be determined by funds remaining in account, or amount of conversion , or both??
18. Is there a dedicated contact number or person that I can speak with in regards to my account without being routed to a call center?
19. What type of timeframe is There when I request fund to be transferred to a outside Account and is there a transfer limit?
20. If for any reason your bank takes my money and then says the FDIC will help you(I don’t believe they will but not in my lifetime) what kind of policies do you have in place to stop this from happening?
21. can use this with our exchanges, https://www.intrafinetworkdeposits.com/
22. Can I get separate guarantees at each of your branch banks my money is in by having separate accounts?
23. Can I have a non interest bearing account and only make bank withdrawals from my trust? Is it possible not to have a debit card for my account?
24. What type of protection do you offer for a hacking incident through your security into my account via debit card attack?
25. Is it better to get a credit card with a high balance to get instead of a debit card so no one can get a hold of my accounts, wouldn’t this be better option then a debit card?
26. How many cashier's checks can I get on the first appointment
27. Is there a way to keep local tellers from knowing how much money you have?
28. Will your bank have the necessary equipment in house to validate the notes at the time of exchange.
29. In the news there was some stories that certain bank(s) seemed to freeze accounts over someone’s political position, is that a concern here? (shame we have to ask this now a days) imo
30. Will you offer help with our tax questions?
31. Will you have any objections to come to my attorney’s office and be recorded while doing my exchange?
32. Bank? do you have De La Rue machine?
33. How many interest-bearing accounts can I have for compounding interest from the principal?
34. How many derivatives does your bank hold?
35. Would I have a dedicated person to inform me on the growth of the rate throughout the year?
36. Will we have free access to a wealth management team?
37: Will I get a no fee account if I deposit my money with you?
38. Can you guarantee that my account would not be used to train tellers?
39. What perks will I get with my account?
40. What high-yield accounts are available at the multi-million $ level?
41. At what deposit point $ (my deposits / others I direct to deposit) will I "NOT" have to pay a spread fee?
42. Can you get me in SILVER OR GOLD for my currencies and I prefer not to keep them at home, how does it work for you to keep here? any charges, how quickly can I get it.
43. Will you pay for INS over the FDIC if I Keep it in your banks, will you have a group health ins for my family.
44. What type of accounts will be available to me? And can you offer transfers of funds outside the USA?
45. Contact information regarding Canadian Banks?
46. how many accts are insured up to $250.000.00 can I have .....
47. Would this account be fiduciary, meaning I have control?
48. What in-house Wealth Management services do you have to offer, and what information about them is available on line?
49. What must my net worth be, to be a part of your Private Bank and what are your fees based on Assets Under Management?
50. Should we bring in 1 IQD note to establish a relationship with the bank before bring in the rest of the IQD notes?
51. Do you have multicurrency accounts, and can we have one in IQD? If not, can we open one in a foreign account and once in IQD, can we send the deposit currier protected by the bank to deposit in their account as IQD?
52. Can we have that account in IQD tied to a bank card and use it in the US, getting the bank card exchange rates that are so low?
53. Do we need a Wealth Manager prior to our exchange?
54: would it be best to get the trust set up prior to exchange
55. Can you give us an idea, by assuming only moderate risk what type of return we could get at different levels of investment left with your bank. Also, what would be the time period we would have to agree for, to get these returns.
56. How will the Bank handle a influx of exchange appointments with a unknown timeframe to exchange?
57. If several accounts are opened each with 250,000.00 due to insurance coverage if placed in trusts after one is established. Do they need separate EIN numbers?
58: When I buy my house, cars etc. what is the best rate and terms you will offer me. I believe in OPM if I can get a 1,2,3,% rate on what I borrow yet make 7,8,9,10% or more on my investments. Lets talk or should I say Negotiate! n my investments
59: If you are involved on a higher level investment platform with your bank, On average how often can you pull distributions from the investment? Annually, Qtrly, monthly, etc...
60. Does your bank participate in CDARs?
61. Why should I do business with you over your competitors?
62: If we as a Group come in and exchange our Dinars , will you drop the spread fee for the ones that would leave 50% of our exchange money in your Bank for not less than three years?
63: How soon after depositing or account opened will I be able to access funds, and will there be a limit placed on how much is withdrawn?
64. Can i deposit my ncsn (new small currency notes) in your bank ( floating)
65. How will you protect me & fight for me?
66. Can I open an account & place a few dinar in it, then hold the rest until I'm ready to fold?
67. If I exchange my Dinars here and have it deposited into my account in another Bank, What would the spread be?
68. Can I break a 25K IQD Note into smaller Dinar denominations, the same way one might break a $20 bill into smaller bills?
69. Is faxing used as alternative to emails for secure communication? (Olde school faxing)
70. Does your wealth management team set up electronic(digital) exchange capabilities for me(my investment accounts) with stateside brokerage firms that offer better (no) transaction fees between them and my foreign trading accounts?
71. Is a prudent amount for exchange be based on current debt levels? Should any amount or percentage of funds be held in reserve?? Thank You much.
72. Do you) have beneficiary accounts?
73. Will you be able to create "Clean & Clear Certificates to verify funds are legal.
74. Are you invested in derivatives? If so, which ones, and can the wealth manager give me a list of them and their 10 yr history of performance?
Three Congressmen Introduce Gold Standard Bill to Stabalize the Dollar's Value
KTFA:
Clare: Three Congressmen Introduce Gold Standard Bill to Stabilize the Dollar's Value
WASHINGTON, D.C. / ACCESSWIRE / April 4, 2023 / As America faces the twin threats of inflation and bank failures, three U.S. congressmen introduced a pivotal sound money bill that would enable the Federal Reserve note "dollar" to regain stable footing for the first time in more than half a century.
SNIPPET: Rep. Alex Mooney (R-WV) - joined by Reps. Andy Biggs (R-AZ) and Paul Gosar (R-AZ) - introduced H.R. 2435, the "Gold Standard Restoration Act," to facilitate the repegging of the volatile Federal Reserve note to a fixed weight of gold bullion.
Upon passage of H.R. 2435, the U.S. Treasury and the Federal Reserve are given 24 months to publicly disclose all gold holdings and gold transactions, after which time the Federal Reserve note "dollar" would be formally repegged to a fixed weight of gold at its then-market price.
KTFA:
Clare: Three Congressmen Introduce Gold Standard Bill to Stabilize the Dollar's Value
WASHINGTON, D.C. / ACCESSWIRE / April 4, 2023 / As America faces the twin threats of inflation and bank failures, three U.S. congressmen introduced a pivotal sound money bill that would enable the Federal Reserve note "dollar" to regain stable footing for the first time in more than half a century.
SNIPPET: Rep. Alex Mooney (R-WV) - joined by Reps. Andy Biggs (R-AZ) and Paul Gosar (R-AZ) - introduced H.R. 2435, the "Gold Standard Restoration Act," to facilitate the repegging of the volatile Federal Reserve note to a fixed weight of gold bullion.
Upon passage of H.R. 2435, the U.S. Treasury and the Federal Reserve are given 24 months to publicly disclose all gold holdings and gold transactions, after which time the Federal Reserve note "dollar" would be formally repegged to a fixed weight of gold at its then-market price.
Federal Reserve notes would become fully redeemable for and exchangeable with gold at the new price, with the U.S. Treasury and its gold reserves backstopping Federal Reserve Banks as guarantor.
Monetary experts have noted a return to a gold standard would substantially curtail the economic damage caused by inflation, runaway federal debt, and monetary system instability.
"A gold standard would protect against Washington's irresponsible spending habits and the creation of money out of thin air," said Rep. Mooney in a statement.
"Prices would be shaped by economics rather than the instincts of bureaucrats. No longer would American families, businesses, and the economy as a whole be at the mercy of the Federal Reserve and reckless Washington spenders."
The Gold Standard Restoration Act also makes several findings as to the harm the Federal Reserve System has inflicted on everyday Americans - particularly since President Richard Nixon "temporarily suspended" gold backing of America's monetary system in 1971.
H.R. 2435 points out: "The Federal Reserve note has lost more than 40 percent of its purchasing power since 2000, and 97 percent of its purchasing power since the passage of the Federal Reserve Act in 1913."
Historians have observed that the elimination of gold redeemability from the monetary system freed central bankers and federal government officials from accountability when they expand the money supply, fund government deficits though trillion-dollar bond purchases, or otherwise manipulate the economy.
"At times, including 2021 and 2022, Federal Reserve actions helped create inflation rates of 8 percent or higher, increasing the cost of living for many Americans to untenable levels…enrich[ing] the owners of financial assets while… endanger[ing] the jobs, wages, and savings of blue-collar workers," H.R. 2435 states.
Notably, Rep. Mooney's bill would also require full disclosure of all central bank and U.S. government gold holdings and gold-related financial transactions over the last 6 decades - a seemingly taboo subject surrounded by mystery and deception.
"To enable the market and market participants to arrive at the fixed Federal Reserve note dollar-gold parity in an orderly fashion… the Secretary and the Federal Reserve shall each make publicly available… all holdings of gold, with a report of any purchases, sales, swaps, leases, and any other financial transactions involving gold, since the temporary suspension in August 15th, 1971, of gold redeemability obligations under the Bretton Woods Agreement of 1944."
In the years leading up to Nixon's panicked "temporary suspension" of gold redeemability, abusive U.S. deficit spending and currency debasement had prompted many foreign central banks to turn in their Federal Reserve notes for gold.
However, this disgorgement of America's gold holdings was largely conducted in secret.
That's why H.R. 2435 also requires the Fed and the Treasury to disclose "all records pertaining to redemptions and transfers of United States gold in the 10 years preceding the temporary suspension in August 15, 1971, of gold redeemability obligations."
U.S. sound money groups and industry leaders are cheering Mooney's actions.
"Government cannot continue to spend and print on a massive scale without producing existential threats to the currency and our economy," said Lawrence W. Reed, president emeritus of the Foundation for Economic Education.
"The gold standard never failed America, bad ideas and bad politicians did. If we do nothing, disaster awaits us just as it drowned earlier civilizations that spent and inflated their way to ruin," Reed continued.
"Today's debt-based fiat-money system serves primarily to support big government and wealthy financial insiders - while the Federal Reserve's serial policy of currency debasement punishes savers and wage earners," explained Stefan Gleason, President of the Sound Money Defense League and Money Metals Exchange.
"A return to gold redeemability would arrest the problem of inflation, restrain the growth of wasteful and inefficient government, and kick off an exciting new era of American prosperity," Gleason concluded.
The full text of Rep. Mooney's gold standard bill can be found here. It was introduced on March 30, 2023, and referred to the House Committee on Financial Services.
About Sound Money Defense League
The Sound Money Defense League is a non-partisan public policy group working nationally to restore sound money at the state and federal level and publisher of the Sound Money Index.
SOURCE: Sound Money Defense League LINK
KTFA Monday Night CC "They Already Announced It" 4-3-2023
KTFA
Monday Night Conference Call
Frank26: 4-3-23………THEY ALREADY ANNOUNCED IT
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA
Monday Night Conference Call
Frank26: 4-3-23………THEY ALREADY ANNOUNCED IT
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA Wednesday Night CC with Frank26 "K.I.S.S." 3-29-2023
KTFA
Wednesday Night Conference Call
Frank26: 3-29-23…….K I S S
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
This is the second video…..the first had technical difficulties.
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA
Wednesday Night Conference Call
Frank26: 3-29-23…….K I S S
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
This is the second video…..the first had technical difficulties.
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA Monday Night CC "Don't Go Chasing Waterfalls" 3-27-2023
KTFA
Monday Night Conference Call
Frank26: 3-27-23…..DON’T GO CHASING WATERFALLS
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA
Monday Night Conference Call
Frank26: 3-27-23…..DON’T GO CHASING WATERFALLS
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA Wed. Night CC "They Added More to the Whale Song" 3-22-2023
KTFA
Wednesday Night Conference Call
Frank26: 3-22-23…..THEY ADDED MORE TO THE WHALE SONG
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA
Wednesday Night Conference Call
Frank26: 3-22-23…..THEY ADDED MORE TO THE WHALE SONG
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
Monday Night KTFA CC "The Whale Song" 3-20-2023
KTFA
Monday Night Conference Call
Frank26: 3-20-23…THE WHALE SONG
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA
Monday Night Conference Call
Frank26: 3-20-23…THE WHALE SONG
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA Wednesday Night CC/ Q&A with Frank26 3-15-2023
KTFA
Wednesday Night Conference Call
3-15-23 ….KTFA…LET’S TALK
Also a short Q&A with Frank26 today.
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA
Wednesday Night Conference Call
3-15-23 ….KTFA…LET’S TALK
Also a short Q&A with Frank26 today.
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA Monday Night CC "Budget Set For March" 3-13-2023
KTFA
Monday Night Conference Call
Frank26: 3-13-23….BUDGET SET FOR MARCH
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA
Monday Night Conference Call
Frank26: 3-13-23….BUDGET SET FOR MARCH
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA Members "News and Views" Thursday 3-9-2023
KTFA:
Clare: The President of the Republic confirms the imminent adoption of the budget
3/09/2023
On Thursday, the President of the Republic, Abdul Latif Jamal Rashid, confirmed the imminence of approving the financial budget law for the year 2023.
And the Presidency of the Republic stated in a statement, "The President of the Republic, Abd al-Latif Jamal Rashid, received today, at the Baghdad Palace, a delegation from the American Institute of Peace."
Rashid said, "The government is working to improve the general conditions in the country, especially the economic aspect, to improve the living and service conditions of citizens, and to combat corruption."
Rashid pointed out, "The imminent approval of the financial budget and its importance in economic development and the development of basic infrastructure." LINK
KTFA:
Clare: The President of the Republic confirms the imminent adoption of the budget
3/09/2023
On Thursday, the President of the Republic, Abdul Latif Jamal Rashid, confirmed the imminence of approving the financial budget law for the year 2023.
And the Presidency of the Republic stated in a statement, "The President of the Republic, Abd al-Latif Jamal Rashid, received today, at the Baghdad Palace, a delegation from the American Institute of Peace."
Rashid said, "The government is working to improve the general conditions in the country, especially the economic aspect, to improve the living and service conditions of citizens, and to combat corruption."
Rashid pointed out, "The imminent approval of the financial budget and its importance in economic development and the development of basic infrastructure." LINK
RMF: At my age memory is not what it once was but I seem to recall that Iraq last revalued their currency in a December...of course it was the wrong direction but nevertheless a change without any fanfare.
None of their changes have removed them from the grips of a worthless currency as is now being proposed. So IMOO I still hold out for purchasing power to be revealed even this month.
They have promised a change for months. How long can the citizens hold on to their dinars in Iraq waiting for purchasing power when there are immediate living needs ??
I think I understand that they will also, perhaps, reveal the NSC (New small currency) notes and possibility even the coins this month...possibility in the coming week.
I seem to also recall that it was once said that simultaneously or shortly afterwards the rate would be exposed. Again this gives me hope that this may be our month. Seems like the people who have been most hurt by these delays are expectant also per our FF.(firefly)
I also seem to recall that the rate would be revealed prior to the Budget release. The Budget needs the rate. Wouldn't be wonderful and encouraging if it changed to 1:1,000 ?
If not then we seem to be waiting until after Ramadan which ends on the 22nd of April. IMO
************
Clare: The Central Bank of Iraq decides to use only the local currency at ATMs
3/09/2023
The Central Bank decided today, Thursday, to use the local currency only at ATMs.
The bank said in a statement received by Shafaq News agency, "Based on the decision of the Council of Ministers and in light of the policy of the Central Bank of Iraq to encourage reliance on the national currency in financial transactions inside Iraq provided by the banking system and non-banking financial institutions, it was decided that the electronic financial services provided inside Iraq Through (automated teller machines, point-of-sale devices, electronic payment gateway) in the Iraqi dinar.
It is noteworthy that the automatic teller machines use the denominations of Iraqi dinars and dollars in withdrawal operations for citizens. LINK
************
Clare: Iraq completes preliminary designs for the Baghdad Elevated Train Project
3/09/2023
The Ministry of Transport announced, on Thursday, the completion of the basic design and track for the Baghdad Elevated Train (BET) project, which is also called the Baghdad Metro or the suspended train.
The ministry's media office said in a statement, "The (BET) project is among the important transportation projects targeted for implementation this year and is included in the current year's budget."
Zawya Projects Company stated, "The work on BET includes 14 stations with a total length of 31 km."
During his visit to Paris at the end of January, the Prime Minister, Muhammad Shia' al-Sudani, discussed with the French company (Alstom) specialized in establishing railway infrastructure and the train industry, the implementation of the economic model for the Baghdad Suspended Train Project, which was commissioned by the Iraqi government to prepare.
For his part, Minister of Transport, Razzaq Muhaibis, announced that: "Baghdad train includes 14 stations, and a length of 31 kilometers," stressing that "there are efforts to expand the line outside the city of Baghdad, and it may reach more than 50 kilometers." LINK
Clare: Kuwaiti dinar first and US dollar tenth: the 10 most powerful currencies in the world
The American "Forbes" magazine stated that the US dollar is not the strongest currency in the world, but rather the Kuwaiti dinar, and with a big difference between them.
The American magazine stated that the US dollar is generally seen as the most powerful currency in the world, adding that it is the most traded currency on the world stage, but it is surprising that the "dollar" is not the most powerful paper currency, among the world's 180 legally recognized currencies. all over the world.
He reviewed the report, which was translated by Shafak News Agency. The 10 most powerful currencies in the world, based on their relative value against the US dollar, noting that most currencies are "floating", which means that their value fluctuates according to supply and demand, while some currencies are "correlated", which means that their value is relative to another currency (such as USD) fixed at an agreed rate.
The report pointed out that exchange rates affect the cost of goods and services in a foreign currency, but exchange rate fluctuations also create an opportunity for investors looking to make profits through foreign currency trading.
Here are the 10 most powerful currencies:
1. The Kuwaiti dinar
The Kuwaiti dinar is the strongest currency in the world, as a Kuwaiti dinar buys 3.26 US dollars (or in other words, 1 US dollar is equivalent to 0.31 Kuwaiti dinars, meaning that every Kuwaiti dinar is equivalent to about 3 dollars).
The report indicated that Kuwait earns much of its wealth from being a leading global exporter of oil, and the Kuwaiti dinar was introduced in the sixties of the last century and was initially pegged to the pound sterling before it was re-linked to a basket of currencies.
2. The Bahraini dinar
The Bahraini dinar is the second strongest currency in the world with one Bahraini dinar buying 2.65 US dollars (or one dollar equals 0.38 Bahraini dinars).
Bahrain earns much of its wealth from oil and gas exports. The Bahraini dinar was put into circulation in 1965 and is pegged to the US dollar.
3. The Omani Rial
The Omani Rial is the third strongest currency in the world with one Rial Omani buying US$2.60 (or one dollar equals 0.38 Omani Rial). As with its other wealthy neighbors, Oman is a major exporter of oil and gas, and the Omani rial was introduced in the 1970s and is pegged to the US dollar.
4. The Jordanian dinar
The Jordanian dinar is the fourth strongest currency in the world, with a Jordanian dinar buying 1.41 US dollars (or one dollar equals 0.71 Jordanian dinars).
Jordan is less dependent on oil and gas exports than its neighbours, and is suffering from sluggish economic growth and mounting debt. The Jordanian dinar was put into circulation in the year 1950 and is linked to the US dollar.
5. Sterling
The British pound is the fifth strongest currency in the world with a British pound buying 1.20 US dollars (or 1 US dollar equals 0.83 British pounds).
Britain is the sixth largest country in terms of gross domestic product, according to the World Bank, and the pound was introduced for the first time in the 14th century before its decimal value was broken in 1971. It is a free currency and is not linked to other currencies.
6. The Cayman Islands dollar
The Cayman Islands dollar is the sixth strongest common currency in the world, with 1 Cayman Islands dollar buying 1.20 US dollars (or 1 US dollar equals 0.83 Cayman Islands dollars).
The Cayman Islands is a British territory in the Caribbean and is an offshore financial centre. The Cayman Islands dollar was first introduced in the 1970s and is pegged to the US dollar.
7. Gibraltar pound
The Gibraltar pound is the sixth strongest common currency in the world, with 1 Gibraltar pound buying 1.20 US dollars (or 1 US dollar equals 0.83 Gibraltar pounds).
Gibraltar is located in the southern part of Spain and is officially a British territory. The Gibraltar pound was first introduced in the 1920s and is pegged to the British pound (and the Gibraltar pound is equal to one British pound).
8. Swiss francs
The Swiss franc is the eighth strongest currency in the world, with one Swiss franc buying 1.07 US dollars (or 1 US dollar equals 0.93 Swiss francs).
The Swiss franc is the official legal currency of Switzerland and Liechtenstein and is viewed as a safe haven due to the political stability in Switzerland. The Swiss franc was introduced in the year 1850 and was briefly pegged to the euro before moving into a free float.
9. EUR
The euro is the ninth strongest currency in the world, with 1 euro buying 1.07 US dollars (or 1 US dollar equals 0.94 euros).
The euro is the official currency of the eurozone, which consists of 19 countries out of the 27 countries that are part of the European Union. The physical currency entered circulation in the year 2002 and is floating and free.
10. US dollars
The US dollar is the 10th most powerful currency in the world, at exactly 1 to itself. All other currency units around the world are worth less than the US dollar.
The conclusion of the report; The US dollar was introduced in the 18th century, and is legal tender in the United States, other American territories, and sovereign nations including Puerto Rico, Ecuador, and Zimbabwe.
The United States is the largest economy in the world in terms of gross domestic product. The US dollar is the most traded currency in the world. The US dollar is the largest reserve currency in the world (the currency most often held by central banks) and is the currency used to price many commodities, including Oil, gold and copper. link
Wednesday Night KTFA CC "Ask Me a Question" 3-8-2023
KTFA
Wednesday Night KTFA Conference Call
FROM FRANK: TONIGHT COME WITH QUESTIONS...... FRANK WILL BE DOING A Q&A ON THE UB2B.... BECAUSE ALL WE ARE WAITING FOR IS THE 2ND ARTICLE FROM THE CBI......
3-8-23…..ASK ME A QUESTION
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA
Wednesday Night KTFA Conference Call
FROM FRANK: TONIGHT COME WITH QUESTIONS...... FRANK WILL BE DOING A Q&A ON THE UB2B.... BECAUSE ALL WE ARE WAITING FOR IS THE 2ND ARTICLE FROM THE CBI......
3-8-23…..ASK ME A QUESTION
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE