@Prolotario1 - Ariel
@LaineyWasi I told this to people many time. I done multiple threads. Why do you think I bring up the IQD so much? Because they are both pegged together. Take a look. This is why Iraq waited to open their budget. Which will begin over the weekend. https://t.co/RMCXOUUOfL
@Prolotario1 - Ariel
NESARA/GESARA: The Conundrum Can we please take the Magic & Unicorns out of this and look at this in a practical way? When you look at number 1 on the list below do you all remember at the beginning of ladt year when Bank of America the nation’s 2nd largest bank by assets would no longer be charging any nonsufficient funds (NSF) fees. And that by May of that year By May, it would reduce overdraft fees to $10 from $35 and completely eliminate overdraft protection transfer fees, among others. Wait say what now? A bank eliminating fees? A bank eliminating revenue? And not just any bank, a Tier 1 Financial giant like BofA? Do you know how significant this was? Bit you didn't hear this from the news. Why? Because the Rothschilds own the media. Doesn't this qualify as debt forgiveness? Wait didn't I just upload a post explaining the IRS building being closed in Washington and that the EPA case will eventually lead to all of IRS buildings shutting down? And that all of the tax processing will be transfered over to the US Treasury. Remember the bill that was being discussed by Republicans on the 17% flat tax rate? And that food and medicine will not be taxed. Only non essential items. Remember the post about the 2nd Declaration Of Independence? Remember that the 1871 Corp Act was dissolved and that we were going back under Common Law? Remember the Peace Talks tour D. Trump went on that Bibi Netanyahu didn't want anything to do with? Remember the Economic & Monetary Reforms that Iraq had to implement in order to not only be Article 8 Compliant but to have the restrictions removed on their currency? Remember the BRICS Nations saying that they will not allow any country to be apart if that platform until they are able to dump the fiat dollar and support their own currency. When you look at number 9 on this chart what have you come to know about election interference and the watermarks on the ballots? Who has been charged with election interference? When you look at number 13 about the Federal Reserve being removed. Didn't we already discuss how it was nationalized and taken away from the Rothschilds? People I am showing you this because you have Bern under NESARA/GESARA for years now. You know what will solidify it and make it come out in the open for the world to experience? The reinstatement of the Iraqi Dinar on the Forex Market. You have over 100 countries sitting on IQD that are waiting on Iraq to release the new rate so these countries can liquidate their economic recovery plans. Because all of them are going to be under "The New Republic". Why do you think I keep saying that N & G is not coming. It's already here? Look at number 10. What are countries around the world doing with precious metals? Didn't Iraq come out and state officially that their budget is equivalent to 70 tins of gold? Didn't I tell you all this is what Basel 3 is for? Use your commonsense people. They do not need to announce anything. Did the Federal Reserve announce that they would take over the entire banking system? No. They passed it during Christmas Eve while everyone was sleeping and you woke up the next day to slavery. This is a process that has been in the works for 20+ years. Stop following Phil Godlewski. He takes info from other people and passes it off as "Secret Intel Sources". Wait until Iraq establishes their new rate on the trade markets.
@Prolotario1 - Ariel
NESARA/GESARA is literally 2nd Declaration Of Independence that was signed back in 2020. I showed you all this. You will never hear NESARA/GESARA referenced as that name by any government or banking officials. Why? Because it's just an acronym for what they are doing in regards to the new system under Basel 3. Under SOFR. Under ISO-20022. Under Protocol 20. How? Because the gold standard will be the basis to everything. Remember it's not about what the system is called. It's about how it behaves. So when you look at all 20 of those points study everything I have told you about. National Economic Security And Reformation Act is for countries. Global Economic Security And Reformation Act is for The BRICS Nations which is essentially the same thing. People are looking at this as if it was going to be a flip of a switch if mainstream liberal news was going to announce this to the world while the Rothschilds were still in power in 2001.
@Prolotario1 - Ariel
Reformation/Restoration: The Gold Standard I also have the flat tax legislation. I have to dive a bit deeper. But the point is this. Break down all 20 lines and you will find the evidence everywhere. All you have to do is switch NESARA/GESARA with Economic & Monetary Reforms. It's the same thing.
@Prolotario1 - Ariel
Number 20 is what we are literally under now. The Quantum Financial System. Will not be the only area with new technology in the quantum space. • Education • Banking • Agriculture • Gaming • Technology How can anyone sit there and deny we are not using this currently? And this was printed 20 years ago. Financial Privacy will be restored given that we will be the only ones with access to certain banking services with no middle men. Encrypted apps where Peer to Peer transfers can be carried out without the government involved. Without the IRS provisions. This is why you all have to do the homework. You are already under this transition. It will be solidified once the new exchange rate is released. Remember we have billions in IQD in the reserves that Donald Trump speaks about all the time. This is what will transform our nation. This is why people are able to come out and debunk N & G because nobody is holding their feet to the fire as to how can something not come when it's already here with all the evidence in the world available? I was blocked in one chatroom who was frustrated at all the source links confirming N & G. I broke down the Economic & Monetary Reforms that reflect what N & G is.
@Prolotario1 - Ariel
Iraqi Dinar Update: • The Article 8 Compliance • The Budget • The Oil & Gas • The Salaries • The WTO • The Development Road Project • The BRICS Nations • The Al-Faw Port Project What does Iraq need as a requirement prior to all these things? The new exchange rate on yhe Forex. But there is also something else that precede the exchange rate change that is also pivotal. What is it? The new electronic platform. This will eliminate the corruption in the parallel black market with the dollar. It was also reported by The Ministry of Natural Resources in the Kurdistan Regional Government last Tuesday, that an American diplomatic delegation confirmed that Washington is closely following the process of resuming oil exports through the region’s pipeline to Turkey and legislating the Oil & Gas Law. Today was the last day for parliament sessions which will resume next year. The new ISO-20022 system goes live 7-10 days. IQD/XRP are paired under this program. This is important because The Central Bank of Iraq confirmed that government and private banks can apply to buy gold bullion and coins via (An Electronic platform designated for this purpose), indicating that their sale will be in accordance with the instructions and controls issued by the Central Bank of Iraq. Which was reported by Goldilocks. Remember everything will be tokenized. Digital IQD/Coins will be used alongside physical cash and electronic money which would be the Visa/Master Card. Remember, JP Morgan makes up 50% of the ISO traffic. So many banks are being dragged into this system this month. You all have to understand the reason the black market is pervasive in its operations to sell the USD against the IQD is because of the lack of electronic paper trails. The Federal Integrity Commission in Iraq confirmed its intention to prosecute crimes of illicit gain and money laundering using modern technologies and digitalization. An electronic governance is required to combat corruption in currency smuggling that causes the IQD to depreciate. This new digital system enhances the ability to detect corruption, fraud, and money laundering, investigate those crimes, and deter their perpetrators.” This is one reason why we have not seen an exchange rate as of yet. We are still at the 1310 program rate. Banks are getting ready to now import foreign currency (From outsideIraq). This is very important for trading. Goods & Services. This is for incoming remittance. This will give Iraq the ability to do business in other foreign currencies and markets. This indicates they are gearing up to go international. Then they can advance in other areas where they can open the budget and disperse funds to different departments. This will essentially solidify their Article 8 Compliance. Remember, the USD will only be used for travelers in Iraq by January 1st. Iraq is racing against time. They already held an emergency session talking about joining the SWIFT/ISO system held by Jamal Cougar. All of the dollar smuggling being done by the Mafia is controlled by them. Cougar, stated “the solution lies in disbursing the budget, providing very many facilities to investors, and simplifying government procedures to obtain the dollar.” In addition to striking mafias and limiting their influence and control over banks. End quote. So as you can see there is an urgency to implement the electronic platform so they can reinstate their currency so the budget can be allocated properly without any interruption due to money laundering by political parties.
@Prolotario1 - Ariel
Iraq Update: Iraq announced officially that they will end the dollar crisis before the end of 2023. What does this mean? 1. Raising the official exchange rate of the Dinar to the US Dollar to reduce pressure on foreign reserves? 2. Policy shifts to encourage use of Dinar over USD for domestic transactions and trade to take pressure off demand for dollars? 3. Removal of currency exchange restrictions and caps that have created imbalances and a black market? 4. Re-opening currency auctions that provide access to USD reserves to stabilize exchanges? 5. New measures to control inflation and currency speculation amid economic uncertainty? 6. Efforts to back more domestic bank balances and liabilities with reserves as reassurance? Could be all of the above. Why? Because they also announced that they will settle the HCL next week. Which implies they have a new exchange rate ready for the international markets. Can we see a reinstated prior to or on January 1st? Ofcourse given that implementing the HCL requires them to equally disburse settlements among the regions and they must know what the new value is as stipulated by constitutional law for the citizens in general. Which is also apart of the US/Iraq deal that America must pull all their troops out prior. Which is probably why Iraq announced the closing of US Embassies. We are on the verge on a once in a lifetime opportunity that will never happen again. So if you hold IQD consider yourself lucky.
@Prolotario1 - Ariel
Henry Kissinger: The Devil's Secretary Of State The death of Henry Kissinger for most people is an uneventful thing that holds no significance to them from the multiple events that transpired in November, H. Kissinger is the most impactful. Why? Because he was the one who offered the Middle East the petro dollar with nothing backing but the military which was the most advanced at the time. So ofcourse this was the bargaining tool used to convince the Middle East to adopt a worthless fiat currency to then denominate all oil trade deals in USD. Guess who ended this trade policy? Saudi Arabia. Guess who is now requesting that all the US Military leave since they now have a strong currency back by Gold & Silver that is no longer depending on the Petro dollar after January 1s 2024? The Middle East. You have to understand how just in recent years every nation was paying for oil in USD. Ask yourself why would someone who knew America could produce our own oil go to the Middle East to peddle their's? Because the goal was not to enrich American people like Dubai has enriched their citizens by creating an economic model where Dubai's rulers, particularly Sheikh Rashid bin Saeed Al Maktoum, implemented a series of bold initiatives to transform their society. They invested heavily in infrastructure, including airports, roads, and ports, creating a foundation for economic growth. They also established free trade zones, attracting foreign investment and promoting entrepreneurship. Not to mention the oil component where the discovery of oil in the 1950s played a significant role in Dubai's initial economic boom. Oil revenue fueled infrastructure development, creating jobs and attracting further investment. Which is why Joe Biden shutdown down the Keystone XL Pipeline. Which I am sure Henry Kissinger had a lot to do with given that he's a proponent of America last policies where we are dependent upon other nations for everything. But this is beside the point. Saudi Arabia & Russia are going to be backing their currency with precious metals. Any country looking to do business with them will have to do the same especially of they want to join the BRICS Nations. Iraq will be a major component to bring the Middle East from under the foot of central bankers who pump the fiat USD. The dollar auctions in Iraq is on December 6th. H. Kissinger has committed so many acts of crimes to ensure the fiat USD reigns supreme for nation ls who are looking to go back to the Gold Standard like Muammar Gaddafi. H. Kissinger was behind many wars and many false flags in other countries. • The Bangladesh Killings that involved 3 million deaths. • The Laos Bombing which caused 200,000 deaths. • The Vietnam War which was 2.5 million deaths. • The Cambodia Bombing which caused 500,000 deaths. • The overthrowing of Chile government that he caused. • The Argentina Dirty War where 30,000 were killed and 30,000 disappeared. (33 anyone?) • The East Timor Invasion which resulted in 200,000 deaths. Remember this is the same guy who was the mentor to Klaus Schawb the head of the WEF. No wonder they both share the same NWO objectives. Because I remember this very interesting quote from Mr. Kissinger. "If you control the oil, you control entire nations. If you control the food, you control the people. If you control the money, you control the entire world". End quote. Do we understand how diabolical these people truly are? The nation's first Treasury Secretary, Alexander Hamilton. In 1791 ... proposed the establishment of a Bank of the United States, modeled on the privately-owned Bank of England. The Bank of the United States was used to deposit US Government revenues from its tax collections and to issue bank notes to increase the money supply as the Bank saw fit. The Bank had a capital stock of $10 million, with 80% of the bank being owned by private investors. The US Government in effect handed over to private bankers control over its money and agreed to pay those bankers interest to boot on money it borrowed. All of this goes back to the 1871 Act. “By passing the Act of 1871, Congress formed a corporation known as THE UNITED STATES. This corporation, owned by foreign interests, shoved the organic version of the Constitution aside by changing the word ‘for’ to ‘of’ in the title. Let me explain: the original Constitution drafted by the Founding Fathers read: ‘The Constitution for the united states of America.’ [note that neither the words ‘united’ nor ‘states’ began with capital letters] But the CONSTITUTION OF THE UNITED STATES OF AMERICA’ is a corporate constitution, which is absolutely NOT the same document you think it is. First of all, it ended all our rights of sovereignty [sui juris]. So you now have the HOW, how the international bankers got their hands on THE UNITED STATES OF AMERICA.” End quote. By David Williams. So As an instrument of the international bankers, the UNITED STATES owns you from birth to death. It also holds ownership of all your assets, of your property, even of your children. Think long and hard about all the bills taxes, fines, and licenses you have paid for or purchased. Which is why once we switch over to the Gold Standard we will not be taxed. States are already doing this. Louisiana: In 2013, the laws relaxed even further, with all precious metals, including gold, silver, platinum and palladium in their many forms, becoming tax free regardless of quantity. Arkansas: The purchase, sale, or exchange of any type or form of specie shall not give rise to any tax liability. The law builds on a foundation set in 2021 when Arkansas repealed the sales tax on gold and silver. Taxes on gold and silver raise investment. Mississippi: MERIDIAN, Miss. (WTOK) - Gov. Tate Reeves signed SB 2862 into law last week. It make gold and silver coins and bullion exempt from state sales tax. Mississippi is the 43rd state to enact a law of this nature. You can add 20 more states to this list as it will keep growing. Why are they doing this? Gold and silver have themselves been money for thousands of years and are the most durable forms of money. They also do not suffer from counterparty risk, ensuring their value is relatively immune to the risks of the global financial markets. Guys, everything you want I'd happening under your nose. Stop looking for everything to debut like some Hollywood blockbuster world premiere that will be saturated over the airwaves for everyone who doesn't like researching to notice. Because that's exactly what the "Nothing Is Happening Folks" are doing. We are slowly being pulled away from the Khazarian Rothschilds banking system. We will officially be under the new system once Iraq reinstate their currency on the Forex Market. All the advance technology you are waiting for. All the humanitarian projects you are waiting for. All the disclosure you are waiting for. Is going to be on the other side of the fiat system. Right now you are only being introduced to it. Which is why you see the Push & Pull I mentioned on the last post. This is why the HSBC is gearing up for the Basel 3 end game. This is why the Ukraine & Israel War is wrapping up. This is why Media Matters is in the spotlight. This is why over 200 advertisers are leaving X. This is why Seth Rich Laptop is in the news. This is why the J6 case is reaching fever pitch. This is why Iraq is ditching the USD on Jan 1st 2024. You are being preped & primed. This is why Senator Tommy Tuberville said he expects a 9/11 false flag every other week. Because we are watching the death throes of the Cabal. The media will never tell you Stephen Colbert was arrested when he called in a weeks of shows for medical rreasons. Remember that new prison that I mentioned that was built in Guam? Remember you had people vouching for that in the comment section? Remember I told you those 200 new cells were exclusively for the MSM? Guess where Stephen Colbert is right now? 😁
@Prolotario1 - Ariel
🚨 The Black Swan Approaching Benjamin Fulford- The signs are multiplying that the US and Israel are headed for some sort of mega black swan event. The result will be that both countries cease to exist in their present format. That is because the Federal Reserve Board -the fountain of power for the Satanists- is on the verge of collapse. If it goes, then everything under it, such as the Unite States of America Corporation, the BIS, the World Bank, the IMF, the UN and 90% of the world’s transnational corporations will also collapse and come under new management. End quote. Didn't we just briefly cover this? So think about what will lead to this. The US Treasury Bonds are no longer accepted as collateral in the US Oil Trade. The Fed-Reserve in order to offset the consequences of this can no longer do QE-(Quantitive Easing) due to Basel 3/ISO-20022. Why? Because these new policies force all central banks to show their books. And what is on them? Blank Checks they can not cash. As Mike' mentioned they can not do a reverse repo without draining what is left of the 2.3 trillion in MBS-(Mortgage Backed Securities). Once that happens everything goes to zero. Which will lead to the collapse of the fiat USD which is probably only a week away or so at this point. This will lead to Iraq reinstating their currency that the BRICS Nations are waiting for. Because this is why it is so difficult to trade because of the artificial value of the fiat USD that keeps emerging markets struggling to get out of 3rd world status. Why do you think the last USD auction in Iraq is on December 6th? Why do you think they stated the dollar crisis will be over before 2023 is over? Why do you think Iraq will officially end dealing in USD on January 1st? What's on the other side of the dollar collapse? • The Gold Standard • New Republic • Law & Order • Common Law • Military Tribunals • Humanitarian Projects • Free Energy White Hats Blog "There is also financial warfare taking place against the US Corporation. The Chinese have been dumping US Treasuries in an attempt to collapse the FRB and their Washington DC subsidiary. This prompted the KM to retaliate by hacking Chinese bank computer systems. Reuters reported this attack. A ransomware attack on the industrial and Commercial Bank of China (ICBC) disrupted some trades in the U.S. Treasury market on Thursday, the Treasury Department said. Canadian intelligence agency says what really happened was: “The Fed put out a $24 trillion bond for countries to buy to cover the debt- no one bought even a penny. China bought oil futures from IRAN and paid 33 trillion but not in US $ – what does that tell you about the USA in world affairs. They are finished ”. End quote. https://t.me/WhiteHatsQ You all want to know why the Joe Biden & Xi meeting in California prompted them to clean up the city where no one knew where the homeless people went? Joe Biden was trying to offer China the entire state for collateral given that no one is accepting the fiat USD anymore. What a whack job J. Biden is. You know what's funny? Around the same time back in March 2020 when the Federal Reserve was being absorbed by the US Treasury Covid-19 made its debut. Now around the same time that the dollar is positioned to collapse they are trying to introduce another virus in the same month. The death of Henry Kissinger was a marker for all of this to happen as a symbolic gesture for the end of a regime. Henry Kissinger ❌️ Klaus Schawb ❌️ Janet Yellen ❌️ Bibi Netanyahu ❌️ Volodymyr Zelenskyy ❌️ Joe Biden ❌️ As the weeks, and months go by we will be seeing them leave the spotlight one by one. The stage is already set for their departure. Remember, their position in this game is tethers to the fiat system. Once that crashed there will be no use for them anymore. All of them become dead weight. And a major liability. You already see this playing out in Washington with George Santos. Now that he is expelled everyone is in the crosshair. You are watching a live implosion. The Rinos are very concerned which is why they rejected Hunter Biden testifying before congress. Do you all see that everyone from media, government, and banking are on the ropes? Advertisers leaving X due to Elon Musk talking about Pizzagate. Government denying Jeffrey Epstein Blackbook request from Marsha Blackburn. Banking is collapsing and closing hundreds of branches due to Basel 3/ISO-20022. What else do you need to see that you are winning this war by miles? So what if they throw a false flag here and a false flag there. We know this is out of sheer panic. We know they are cornered animals. We know they do not want to face Military Tribunals. Tommy Tuberville knows what is coming because he had the playbook. That is why he says he expected a 9/11 event every other week. Well now you know why as well. Allow this to play out because we all know where this is going. Will they try a black out? Ofcourse. Will they try bombing buildings? Ofcourse. Will they try mass shootings? Ofcourse. Will they try another virus? Ofcourse. Will this stop them from facing War Crimes in Military Courts? Ofcourse not.
@Prolotario1 - Ariel
🚨 The Golden Opportunity 👍@MikeCristo8 Once Iraq ends the dollar auctions. Once the dollar collapses due to MBS-(Mortgage Backed Securities). Once Iraq ends dealing with USD after Jan 1st. Once the Global Gold Fund launches in January. Once China floats the US Gold Prices. Once the Reverse Repo is drained. Once Iraq reinstate their currency. Once Iraq joins the BRICS Nations. Once the gold paper contracts breaks with China. You will see the rise of a new world. No more inflation. No more QEs. No more fiat currency. No more Gold/Silver manipulation. No more Bucketing. No more shadow banking No more regulatory arbitrage. No more ghost accounts. Etc. We will have a Secure & Transparent banking system.
@Prolotario1 - Ariel
🚨@USTreasury continues its cooperation with @CBIraq. Many Iraqi banks have now formed relationships with international banks for the first time, which is a positive step in making progress in reforming the banking sector. We will continue to provide US dollar services to Iraq in the interest of economic stability. To IQD investors you all better count your blessings. Merry Christmas. Because this will be the last holiday of you being broke.
@Prolotario1 - Ariel
🚨Dinar Sitrep- Article: Regarding this matter, the specialist in financial and banking affairs, Safwan Qusay, told Earth News Agency, "It is clear that the Central Bank's policy is to comply with international requirements and cooperate with the US Federal Reserve by allowing the American banks Citibank and JPMorgan to manage international financial transfer operations in a direct relationship with five Iraqi banks at this stage." The first is through the mediation of a section of Jordanian banks, and it is also possible that five other banks will be added early next year. All of this will lead to reducing the waiting period and dealing with the expansion of the knowledge of small and large Iraqi merchants, and the possibility of having dealings in different currencies." End quote
@Prolotario1 - Ariel
New World Order: 10 Simple Reasons Why It Failed 1.) No Consensus: One reason the NWO failed is because there was/is no consensus on what it meant. Different groups and individuals have different interpretations of what a NWO should be like and how it should be implemented. 2.) Lack of Political Will: Another reason the NWO has failed is that there is a lack of political will to make the necessary changes. Many politicians and governments are more focused on their own interests and agendas than on creating a NWO. 3.) Lack of Public Support: The public is generally skeptical of the idea of a New World Order, and many people view it as a threat to their national sovereignty and freedom. Which is why Liberal media attacked the MAGA novement relentlessly. It stalled many plans. 4.) Lack of Trust: There is a lack of trust between nations and international organizations, which makes it difficult to create a New World Order based on cooperation and collaboration. One being blackmail. To many have dirt on one another which causes friction on certain plans. 5.) Nationalism: The rise of nationalism (MAGA) sentiment in many countries made it difficult to create a NWO based on international cooperation. Political figures did not have the support that D. Trump had from his base. So implementing things like "The Green New Deal" was hard. 6.) Economic Disparities: The significant economic disparities between countries has created an uneven playing field making it difficult for the NWO to be implemented in a f equitable manner that would gain support from conservative leaders who want strong economies. 7.) Military Intervention: Many countries' military interventions in other countries and the resulting conflicts, have not been beneficial for the development of the New World Order. Look at Brazil and how the military is defending "The People" from fraudulent elections. 8.) Lack of Coordination: There is a lack of coordination and cooperation between nations, international organizations, and other stakeholders, which makes it difficult to create a NWO. IMF and the WTO are assisting Iraq to become a international country with a strong currency. Globalist want weak currencies in 3rd world nations. China is supporting national agendas like Zimbabwe. 9.) Political Polarization: The increasing political polarization in many countries makes it difficult to build a consensus on the NWO and to take action to implement it. The BRICS Nations are against the NWO. they want to end the USD hegemony. Dedollorization. 10.) Hilary Clinton Lost. The Gold Standard Is Returning. China Dumped The USD. Queen Elizabeth Is Dead. The IRS Will Be Abolished. The Federal Reserve Has No Money and was absorbed by the US Treasury. Iraq Dumped The USD. Zimbabwe Wants Gold. Ruth G. Ginsburg Is Dead. D. Trump Will be reinstated. Jeffrey Epstein Blackbook is being released. Volodymyr Zelenskyy lost the Ukraine War. China will annex Taiwan. The Vaccine Mandates were lifted. Turkey will report Bibi Netanyahu to ICC for war crimes. The Space Force is 100% operational. (They have everything) Global Gold Monetary Fund is launching next month. Iran, Egypt, Saudi Arabia and the UAE are planning to join BRICS Nations next month. Over 40+ US States passed bills to reinstate precious metals as legal tender. West V won their court case against EPA. Donald Trump is leading the GOP nomination by 80%. Over 100 countries simultaneously dumped the USD. On December 6th Vladimir Putin ended the fiat USD hegemony by removing the USD from OPEC. Iraq will officially end the dollar usage in their country on Jan 1st. Basel 3 will begin to be implemented on January 16th by US banks. The US Treasury already announced that Iraq is connected to international banks. ISO-20022 is now standard and is an anti money laundering platform. SOFR replaced LIBOR officially. Etc. Etc. Etc.
@Prolotario1 - Ariel
🚨Western Hegemony On The Ropes: Iraq New Tax Laws (January Launch) Iraq New Trading Platform (January Launch) Global Gold Monetary Fund (January Launch) Iraq Joining The Forex (January Launch?) 😁 We are watching the world change right before our eyes. You all are here to witness the end of US-(Corp) Dominion over countries that were held back from reaching their true potential. We are on the move. https://www.thestandard.com.hk/breaking-news/section/3/211951/Five-countries-formally-join-BRICS
@Prolotario1 - Ariel
🚨 Urgent 🇮🇶 The CBI: Meeting All Market Needs ie-(International) He added that "this decision and the decisions that will follow in the coming days are all in the interest of supporting the Iraqi dinar and increasing confidence in it," noting that "what confirms the strength of the dinar and the public's confidence in it is the continuation of the Central Bank of Iraq and its failure to perform any need from the needs of various sectors. As it is now funding the sectors of trade, electronic payment, travel and other sectors. He pointed out that "the coming days there will be more measures in the field of meeting all market needs, supporting the Iraqi dinar and maintaining its strength against other currencies," noting that "the central bank, within its new procedures, prevented banks from automatic transfer of customer accounts in dollar to Iraqi dinars. Without customer consent, and allowed customers to open accounts in different currencies. He stressed that "these measures will positively affect the exchange rate in the market. And will increase the supply of the dollar, and contribute to serving and supporting important sectors in the economy. Including the sectors of exporters and the sector of companies operating in the government field and in the field of infrastructure development and strategic projects. In addition to supporting civil society organizations that contribute to the humanitarian and charitable field in Iraq. _________ The HCL/Oil & Gas Law The Infrastructure Projects The Budget Etc. All of these things are on hold because the reinstatement needs to be done prior to the launch of these formal policies. Everything is on pause until the Iraqi Dinar is on the Forex Market.
@Prolotario1 - Ariel
🚨Iraq is taking serious steps to join the World Trade Organization (All Political Obstacles Removed) 🤑 The head of the team concerned with Iraq's accession to the World Trade Organization, Saqr Abdullah Al-Muqbel, confirmed today, Thursday, that Iraq has taken serious steps to join the World Trade Organization. Al-Muqbil told the Iraqi News Agency (INA): “Iraq is rich in its natural and human resources, and the ability of its people to build a truly competitive economy with all countries of the world.” He added, "Iraq's economy keeps pace with the aspirations of the region and the world in a transparent and open economy for cooperation and building strategic commercial partnerships with all countries of the world." He pointed out, "Iraq is witnessing serious steps towards joining the World Trade Organization.
@Prolotario1 - Ariel
MM: "Al Sudani came to the UN Assembly a while ago and said he was doing things to solidify his position and standing in the future of the world……what did they say to him? That Iraq was going to effectively be the savior of the financial system and was going to bring confidence to the largest banks of the world ….and one of those banks is JP Morgan. That was in September". End qoute. ____________________ People how many times have I told you that the world is waiting on Iraq? How many times have I told you that the BRICS Nations is waiting on Iraq? How many times have I told you that everything you are waiting for starts with Iraq? Why do you think I told you once you are on the other side of the financial system I will tell you with those 6 boxes mean? Do you know how close you are to see this? I am not here to play games with your emotions. I will give you actual information that you can use. Something that will benefit you. Even if you are not invested in the Dinar. You will still be a prime beneficiary. You will see the changes you want. In every aspect of life. Guess what that starts with? Iraq. Period. Do not let anyone tell you otherwise. This is an end time event.
@Prolotario1 - Ariel
General Exchange Rate Info- IQD/ROI: Simple Explanation If someone has 300,000 Iraqi Dinar and the exchange rate is 3.00, then their 300,000 Iraqi Dinar would be worth: 300,000 IQD x 3.00 = 900,000 USD So, if someone bought 300,000 Iraqi Dinar for a much lower price before the exchange rate went up to 3.00, and then exchanged it for US dollars at the rate of 3.00, they would receive 900,000 US dollars. This means that they would have made a profit of: 900,000 USD - the cost they paid to buy the 300,000 Iraqi Dinar For example, if they bought the 300,000 Iraqi Dinar for $300 USD, then their profit would be: 900,000 USD - 300 USD = 899,700 USD This is a simplified example, and there are many factors that can affect the value of a currency, including geopolitical events, economic conditions, and government policies. This is how the rate will look on the Forex. How The Rate Shows On Forex: $.86 = 1.162 $1.00 = 1.000 $1.17 = 0.854 $1.86 = 0.537 $2.00= 0.500 $2.50 = 0.400 $3.00 = 0.333 $3.22 = 0.310 $3.46 = 0.289 $3.50 = 0.285 $3.86 = 0.259 $4.00 = 0.250 $4.10 = 0.243 $4.40 = 0.227 $5.00 = 0.200 All Forex listings are listed in pairs - comparing the USD to some other currency. They will all show a different numerical factor against the USD. USD/CAD USD/EUR USD/IQD Using the program rate of 1190 you would divide $1 by 1190 = .00084 It will be on Forex listed as USD/.84. 1$ Divided by .84 = $1.19 And....... USD/0.537 = $1.86 Ex ($1 ÷ .537 = 1.86) USD/0.400 = $2.50 ($1÷ .400 = 2.50) USD/0.333 = $3.00 ($1÷ .333 = 3.00) USD/0.243 = $4.11 ($1÷ .243 = 4.11) Fees & Other Potential Cost- 1. Transaction Fees: Financial institutions or currency exchange services may charge fees for converting currencies. These fees can vary and may impact the overall profit or loss. If a currency exchange service charges a 2% fee on the transaction, and you're exchanging $10,000, the fee would be $200 (2% of $10,000). 2. Spread: The difference between the buying (bid) and selling (ask) prices is known as the spread. It represents the cost of the transaction for the trader and can affect the overall profitability. Suppose the buying price (bid) for a currency is $1.20, and the selling price (ask) is $1.18. The spread is $0.02. If you exchange $1,000, the actual cost would be $1,180 (ask price) but selling it back immediately might only yield $1,200, resulting in a $20 loss due to the spread. 3. Commission: Some currency exchange platforms or brokers may charge a commission on each trade or transaction. A currency exchange broker charges a flat $10 commission per transaction. If you exchange $5,000, you would pay the $10 commission on top of any other fees. 4. Market Volatility: Exchange rates can fluctuate due to market conditions, geopolitical events, or economic factors. Sudden changes can impact the value of the currency being exchanged. 5. Regulatory Compliance: Depending on the country and the amount involved, there might be regulatory requirements or compliance measures that individuals need to adhere to. Which should not be a problem if you do not plan on doing anything illegal. This should be a smooth process. 6. Taxes: Profits from currency exchange may be subject to taxation. (This is not final) 7. Liquidity: Less commonly traded currencies may have lower liquidity, making it challenging to find buyers or sellers at desired exchange rates. But this will not be an issue for the Iraqi Dinar given the many countries that have this in their reserves. Especially airports. 8. Timing: The timing of the currency exchange can influence the overall outcome. Exchange rates can vary throughout the day, and factors like economic reports or geopolitical events can impact them. __________________ This is just an oversight of things you can expect. Taxes are up in the air. Because if you are exchanging into asset backed currency or precious metals you may pay small to no taxes on the exchange. • Electronic • Digital • Paper • Metals We are going into a system where all of this will be working in conjunction and coexisting. We ate going back to the Gold and. Banks are getting ready for this transition by implementing Basel 3 that they refer to as "The End Game". So when you exchange your currency do not do it in any location that is not Basel 3 Compliant. Goodluck to everyone. You made the right choice and investment. This will never happen again. So be wise and prudent with your financial decisions.
@Prolotario1 - Ariel
👉"Convertibility"🤑 • Exchange • Swap • Switch • Redeem However you decide to look at it the result is the same. This means Iraq now are free from all currency restrictions. https://t.co/YGeySKx3AN
@Prolotario1 - Ariel
🚨Breaking News Do you know what this means for Hedge Funds & Big Banks? Do you know what this means for your new economy? Do you know what this means for the 1871 US Corp? Do you know what this means for the Rothschilds banking system? Do you know what this means for the fiat USD? Do you know what this means for warmongering aristocrats? Do you know what this means for the Federal Reserve? Do you know what this means for the IRS? Do you know what this means for the new Republic? Do you now understand what I told you when your freedom starts with the collapse of the fiat dollar? Do you now understand why Iraq had been waiting to release the new exchange rate?
@Prolotario1 - Ariel
The Evergrande Liquidation: The Fall Out and Redemption MI6 created the CIA in the 1940s. The CIA controls the government and media. All 3 letter agencies answers to NASA. NASA reports back to Rome. All these intelligence agencies control the DUMBS from the 500 billion a year drug money. There are about 1400+ DUMBS worldwide. All of these DUMBS are financed with drug money and taxes. Guess what ties all of this together? The fiat USD. Guess who no longer uses fiat USD? The Middle East. Guess how many states are now passing bills to make precious metals legal tender? 43+ Once the liquidation of Evergrande starts hedge funds & big banks will collapse. How? Hedge Funds • Hedge funds with invested capital in Evergrande bonds, derivatives, or other financial instruments would face significant losses upon liquidation. This could lead to write-downs, impacting their performance and potentially triggering margin calls, forcing further asset sales. • Increased uncertainty around Evergrande's situation and the potential market contagion can lead to volatile trading conditions, impacting hedge funds' strategies and returns. • Some hedge funds specializing in distressed debt or turnarounds might see opportunities in acquiring Evergrande's assets at discounted prices, leading to potential gains later. Big Banks Regulatory scrutiny. Increased attention and potential regulatory investigations following Evergrande's collapse could lead to stricter lending requirements and financial regulations for big banks. Interconnectedness. The complex web of financial linkages between Evergrande and other institutions could amplify losses beyond the initial exposure. This could impact banks' liquidity and risk appetite Loan exposure. Major banks with significant loan exposure to Evergrande could face impairment charges and reduced profits if the company defaults. This can impact their capital ratios and potential lending capacity. Remember all of this is connected. From underground to the surface. You want new government? You want new banking system? You want new technology? You want new medical system? You want a new educational system? Guess what? You will not receive none of this until Evergrande defaults. Until the hedge funds default. Until the big banks default. Why? Because all of this is propped up by the fiat USD. Do you know what these financial institutions would have to do in order to open banks accounts with Basel 3 & ISO-20022 Compliant banks? They would have to prove the money is Clean & Clear. Which is something they will not be able to do. They will not be able to wash the money by money laundering and setting up fronts by using profit margins on inventory sheets that do not match the profit the business made. This is what the mafia used to do in the casinos. What will the banks try to attempt to prop up the market to survive Evergrande liquidation? Coordinated Buybacks: Major banks might collaborate to buy back Evergrande debt or related financial instruments in the secondary market. This could help stabilize prices and prevent a complete meltdown. However, this strategy requires significant financial resources and coordination. But where will they get the money? Asset Restructuring: Big banks might propose restructuring agreements with Evergrande, potentially involving debt-to-equity swaps, asset sales, or extensions on loan repayments. This could provide the company with temporary relief and avoid immediate liquidation, but it would come at the cost of diluting existing shareholder value and increasing bank exposure. Remember, the banks that will be affected by this are those that are not Basel 3 or ISO-20022 Compliant. They do not possess enough capital to survive another economic downturn that will happen as a result of Evergrande liquidation. So what will these banks attempt to do? Confiscate customer deposit in banks. Basically a Bail-Ins. Which will also cause a run on the banks. Which will also cause ATMS to shutdown. Which will also causes credit cards to not work. Which will also cause panic in the market place. People will realize they can not buy food, water, gas, or pay bills. Again once this happens this will be the transition to the new economy. Guess who will bring confidence back in the market once all this chaos ensues? The reinstatement of the Iraq Dinar. Do you see how the White Hats have this set up? They will two worlds with one stone. The underground bases. And the parasitic banks on the surface. All the alphabet agencies will cease to exist. Thus freeing up your government and remove all the blackmail from politics. I know this is all over the place. But this is the gist of what will happen. Why do you think Lindsey Graham wants the bomb Iran so bad? They are panicking big time.
@Prolotario1 - Ariel
In other words Sir Martin Wakefield Jacomb director for the Telegraph newspaper in 1986. He is also connected to MI6 and is involved with laundering MI6 drug money through a bank in England. Again, this is where ISO-20022 comes in. As all money will need to be Clean & Clear. Because ISO us an anti money laundering tool. Do you all see how the underground bases and the surface levels are connected? What ties them together? The fiat USD. Once you take that out of the equation due to the artificial value declining thus making "Real Money" sound again by making precious metals legal tender financial institutions will be stacking up on gold/silver. Not the fiat currency that no longer has value on the international markets. Jacomb was the director of the bank in England in 87 to 95 former head of the CIA William Casey was head of the Council of the media Network ABC. Many insiders refer to the ABC Network as the CIA Network. Something I have been trying to get across to many of you. This goes for most of mainstream news. Especially Fox 10 where Kari Lake worked for 22 years. Now do you see why all of sudden she is getting into politics? She is a Deep State asset. Which is why she took that 2 million secret donation from a company that was not legally registered in Arizona. But you mean to tell me she was sitting on a recording for a year and decided to release it now just to give this public persona that she can not be bought? Everything is connected people. Until the fiat dollar is officially removed we will not see the world we have been waiting to emerge as a result of this empire collapsing. Which will officially commence Monday. Ofcourse the banks will try to prop up the market but things will not work out the way they hope.
@Prolotario1 - Ariel
Question: Who were using these red glowing eyes prior to this Joe Biden post for years? Answer: The Anons. Question: Who told you "The fun begins right after the Superbowl? Answer: The Q-Drops. Question: Who told you the White House was empty? Answer: The Judges. Question: Who told you there will be a peaceful transition of power? Answer: The Military. Question: Who signed EO 13912 thar made them a wartime president? Answer: Donald Trump. Question: Who told you they will make the Superbowl look like a puppy show? Answer: The Q-Drops. Question: Who uploaded pictures of puppies just prior to the Superbowl and said "I love Puppies"? Answer: Elon Musk Question: Who told you they are behind the E. Musk account? Answer: The Judges. Question: Who said they have direct access to all the world leaders through Ogiame Atuwatse III? Answer: The Judges. Do you all see where I am going with this? Do not follow how "The Normies" are reacting to this post by Joe Biden. They are clueless. You have been shown through video, pictures, and documentation who is currently in control. Those red eyes means "Activation". Of what? The new virus strain. The lockdowns. The military. ________________ Preparations are in the maturation stage. You can see this through Iraq monetary reform. The Chinese Renminbi. The FX market in Nigeria. The protocol 20 system. The 8 banks banned in Iraq from USD transactions. Which are the following. 1. Ahsur International Bank for Investing. 2. Investment Bank of Iraq. 3. Union Bank of Iraq. 4. Kurdistan International Islamic Bank for Investment & Development. 5. Alhuda Bank 6. Al Janoob Islamic Bank for Investment. 7. Arabia Islamic Bank 8. Hammurabi Commercial Bank. Why is this important? Because the parallel market is about to reach the official price. And only travelers will be able to buy the USD at the singular price without the Black-Market value degrading the IQD currency artificially. All of these things are tied together. Why do you all think Google just implemented new censorship software? They want to control the outflow of info once the collapse initiates. To basically protect the failing banks (Not Basel 3 Banks) when people will be at their most vulnerable wondering why they can not access funds. Why inflation is out of control in certain markets. Why their credit/debit cards are not working. Basically creating a containment barrier for info. Remember, what I have shared with you all before. All of the things regarding optics with Joe Biden will go down on his watch and he will be blamed for the failing fiat system. So when you look at this post the military is basically telling you they are ready to press "The Red Button" on the entire plan. I told you all you are getting ready to cross the bridge into "The New Republic". But it will come with some turbulence. I hope this is enough as I have to get other things ready. Chiefs winning the Superbowl is another symbolic gesture to CIC-(Commander In Chief) to Usher in 45 (D. Trump) and the Gold Standard given Las Vegas is #4 in production globally. The Nevada State motto is "All For Our Country". Think-
@Prolotario1 - Ariel
15 Benefits Of Returning To The Gold Standard: The Citizen 1. Silver and gold hold intrinsic value that isn't subject to inflation like fiat currency. This provides economic stability. Inflation has diluted the US dollar's purchasing power substantially over the past century. In 1913 when the Federal Reserve was founded, $100 could buy what takes $2,500 today, an astonishing loss of value. Precious metals do not inflate like this. 2. There would be less risk of hyperinflation destroying savings and purchasing power. Venezuela suffered devastating hyperinflation with money losing all meaningful value, wiping out years of savings. This is impossible with something like gold or silver maintaining inherent worth. 3. Individuals would have more financial privacy without centralized digital money monitoring all transactions. China's Social Credit System tracks all digital transactions giving the state unprecedented access to monitor citizen spending. Using precious metals allows for untracked exchange preserving privacy from authoritarian overreach. 4. Savings in precious metals preserve wealth better over the long term compared to fiat currencies. Historical cases like Mansa Musa's 14th century West African empire growing incredibly rich from massive gold holdings show it preserving vast wealth over centuries compared to currencies that inevitably deflate. 5. Using silver and gold coins facilitates bartering and exchange without needing banks as financial intermediaries. Cigarettes' emergence as black market currency in prison demonstrates how physical commodity monies facilitate localized exchange without reliance on financial intermediaries vulnerable to systemic failure. 6. Precious metals have industrial uses, unlike fiat which only has value as money due to government decree. The fact that silver and gold have versatile industrial applications for electronics, medical devices, solar panels etc. mean they will never lose all value and always have some intrinsic utility even aside from being used as currency. 7. Hard money disciplines governments from endless money printing to fund deficits. Ancient Lydia (in modern Turkey) was one of the first kingdoms to mint gold and silver coins. As metal purity allowed for trust in the currency, enabling the empire to expand trade reach and economic growth into neighboring regions. 8. Limited manipulability protects the economy from booms and busts in the business cycle. After the US civil war, battles over bimetallism versus strict gold standard contributed to business cycle instability from deflationary pressures that largely subsided once gold was firmly codified at $20 per ounce backing the dollar. 9. Reduces the ability to wage prolonged wars since sound money limits military overreach. 16th century Spain amassed huge gold troves making them a dominant military superpower, but they still eventually defaulted several times after overextending military budgets, showing hard money constraints checking endless warfare. 10. Eliminates systematic banking bailouts that socialize losses while privatizing profits. When unsound lending practices in the US savings and loan sector triggered crisis and threatened industry collapse, taxpayers were forced to cover billions in bailouts protecting firms while citizens bore job losses and economic pain. 11. May decrease income inequality since those closest to money creation won't be enriched and those furthest won't be impoverished. During the classical gold standard era in the 19th and early 20th centuries, wealth inequality levels were lower than today. This was partly because middle and working classes' money maintained stable purchasing power, and their savings were not devalued through inflation as happens today. 12. Limits dollar diplomacy whereby global trade works through one dominant fiat currency. The Triffin dilemma refers to the problem of the US dollar acting as global reserve currency. It requires the US run perpetual trade deficits to supply enough dollars for world demand, which is unsustainable long-term. A gold or other commodity standard would remove this dilemma and rebalance international trade. 13. Restricts the government's capacity to spy on and control citizen spending. When India was part of the British empire, many Indians distrusted paper rupees issued by the British and preferred holding gold and silver. This allowed them to exchange value privately without relying as much on imperial monetary policies. 14. Silver has anti-microbial properties with medical use-cases that provide utility even if not used as money. In World War 1, silver-containing antiseptics were crucial for treating injuries when antibiotics had not yet been developed. This demonstrates silver's enduring medical utility independent of its monetary role. 15. Precious metals have cultural affinity and psychological appeal that increases confidence in money's stability. Gold and silver have culturally significant statuses, often associated with royalty, luxury and wealth. This psychological attachment means they command belief in their inherent value in a way fiat currencies struggle to.
@Prolotario1 - Ariel
Basel 3 Protocol 20 SOFR ISO-20022 Comex 589 Basel 3 Function: A set of international regulatory standards developed by the Basel Committee on Banking Supervision (BCBS) to strengthen the capital adequacy of banks and improve their resilience during financial crises. Impact: Basel III mandates banks to hold higher capital reserves, implement stricter liquidity requirements, and conduct stress testing to ensure they can withstand potential financial shocks. Protocol 20 Function: A set of standards and guidelines established by the International Organization for Standardization (ISO) for the global financial messaging service, SWIFT. Impact: Protocol 20 ensures consistent formatting and data exchange between financial institutions using the SWIFT network, facilitating efficient and secure communication. SOFR Function: A set of standards and guidelines established by the International Organization for Standardization (ISO) for the global financial messaging service, SWIFT. Impact: Protocol 20 ensures consistent formatting and data exchange between financial institutions using the SWIFT network, facilitating efficient and secure communication. ISO-20022 Function: An international standard developed by ISO for electronic data interchange (EDI) in the financial industry. Impact: ISO-20022 aims to improve the efficiency, accuracy, and transparency of financial transactions by standardizing data formats and messaging protocols. It is being gradually adopted by various financial institutions and market infrastructures. Comex 589 Gold Contract Function: A standardized futures contract traded on the COMEX division of the Chicago Mercantile Exchange (CME). Impact: This contract represents the delivery of 100 troy ounces of gold bullion at a future date. It is a widely used instrument for hedging price risks and speculating on gold prices.
@Prolotario1 - Ariel
All of this officially starts once Iraq reinstate their currency on the Forex Market. That will be the official starting gun.
@Prolotario1 - Ariel
What I am about to upload needs to be read carefully. Because it goes back to a lot of what I explained to you all. One thing you need to understand is that you hold what banks need during the transition period. And that is a Tier 2 asset called the Iraqi Dinar. The article will explain this to you on a formal basis. By having a strong Tier 2 capital base, banks can weather financial storms more easily and maintain their ability to lend money and support the economy. That's where you come in. Your IQD is going to play a pivotal role once it is reinstated on the Forex Market. Iraq will officially connect to corresponding foreign banks on March 1st to improve external balances. After that will be the next big step and that's becoming Article 8 Compliant and reinstating the IQD on global trade markets. After you read the article you will understand why banks had the meeting on February 20th for Tier 2 assets.
@Prolotario1 - Ariel
Tier 2 currencies are from emerging markets or smaller developed economies and are considered less stable and less liquid than Tier 1 currencies. Guess which country is a emerging market that was less developed and considered less stable? Iraq. 😉 This is another nugget for that meeting that took place February 20th. What was it about again? Tier 2 assets. Something that you hold right now.
@Prolotario1 - Ariel
🚨Breaking News - Iraq Final Steps To Join WTO Economy News - Baghdad On Sunday, the Ministry of Commerce participated for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is being held in the capital, Abu Dhabi. Minister Atheer Al-Ghurairi said in a speech during his participation in the preparatory meeting of Arab trade and economic ministers within the Arab group for the thirteenth Ministerial Conference of the World Trade Organization, followed by Al-Iqtisad News, that “Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is held in... The capital, Abu Dhabi,” pointing to “the completion of the requirements for Iraq’s access to the organization, which is the completion of the files of trade in goods and trade in services within the timetable for joining the global multilateral trading system.” The minister pointed to "the desire and seriousness of the Iraqi government to establish balanced economic relations with all countries of the world at various levels and fields by improving the business and investment environment and making real reforms in laws and legislation." He thanked "the Kingdom of Saudi Arabia for supporting the process of Iraq's accession to the international organization through the visit of its permanent ambassador to the organization, Saqr Al-Muqbel, and his chairmanship of the working group for Iraq's accession." Regarding intra-trade and increasing trade exchange between Arab countries, Minister Al-Ghurairi noted “Iraq’s keenness on the importance of the presence of Arab countries in Iraq to restore its effective role in economic organizations.” The Minister offered congratulations to "the State of the Comoros and East Timor on obtaining membership in the World Trade Organization.
@Prolotario1 - Ariel
Congratulations to everyone who stuck in there. You all are about to be the luckiest people on the planet. Joining the World Trade Organization prior to officially connecting to corresponding banks across the world on March 1st is amazing timing for Iraq. You guys have jumped through and over some hurdles to get to this point. The payoff will be tremendous.
@Prolotario1 - Ariel
Link to official report. https://economy--news-net.translate.goog/content.php?id=40856&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp
@Prolotario1 - Ariel
Iraq- Deletion Of 3 Zeros Project A Currency Redenomination: Ex. The key equation governing this is: Value = Exchange Rate x Face Value Where: Exchange Rate: The value of one currency unit against another (e.g. Dinar vs Dollar) Face Value: The number printed on the banknote (e.g. 10,000 IQD printed on a 10,000 dinar bill) When 3 zeros are removed from the Face Value via redenomination, the New Face Value becomes 10 IQD. Remember all of this is happening internally in Iraq. For their domestic market. So if you already have the IQD this has nothing to do with anyone outside the country. The central bank will adjust the Exchange Rate proportionally at the same time. For example: Old Face Value: 10,000 IQD Old Exchange Rate: 0.00085 dollars per 1 IQD New Face Value: 10 IQD New Exchange Rate: 0.85 dollars per 1 IQD So in both cases: Value = (Exchange Rate) x (Face Value) = 0.00085 x 10,000 = 0.85 x 10 = 8.5 dollars Thus the Value in dollars is conserved, keeping real purchasing power constant in the economy. Only the numeric aesthetics change essentially. Banks will implement this across deposits, loans, bills, salaries, prices etc simultaneously via the issuance of new banknotes/coins. Timing and Logistics: A key challenge is smoothly swapping old dinars for new dinars without economic disruption. So the Central Bank of Iraq will set a specific exchange period - let's say 1 month. During that time, citizens can bring old cash and account balances to banks/financial institutions to exchange directly for newly issued bills/coins based on the adjusted exchange rate and face values. Old 10,000 dinar note x 0.00085 exchange rate --> New 10 dinar note x 0.85 exchange rate Banks do this incrementally to scale. They will likely bring in newly printed money (with 3 less zeros) in stages to swap for old money until the full money supply is transitioned. The central bank monitors and manages money supply inflation indicators throughout. Additional new bills can be printed if needed to meet transactional demand during the swap. But care is taken not to devalue by overprinting recklessly. Accounting Impacts: All reporting like financial statements and accounts must reflect the changes as well during this time. It means scaling accounting balances like: Prices of goods and services Salaries Market capitalizations House values Bank balances With three less zeros appropriately. Proper protocols will govern this for auditability and truthfulness. After the Transition: After the exchange period closes, the old dinars would likely no longer hold legal tender status as a vintage collectors item. The new dinar serves all money functionality at appropriately denominated scales for ease of use. So if you bought your Iraqi Dinar before this redenomination you will not be effected. Your currency will be honored. Only people who purchase the Dinar after it goes international on the Forex will not see any significant returns no matter how much IQD they have purchased. Which is why you those who already have IQD are now top priority for Tier-2 exchanges. But hey' do not take my word for it. Here is an economists from Iraq confirming everything I just told you officially. Once again you all need to stop listening to people who get their info from Western media outlets. Please share this with people who may be confused. Read 👇 https://search4dinar.wordpress.com/2024/02/26/does-the-deletion-of-currency-zeros-affect-its-value-my-economy-explains/
@Prolotario1 - Ariel
Now do you see why I told you all how important it us to have your receipt? The banks will need to know if you bought the currency before the "Deletion Of The Zeros Project". This is not to say they may not do your exchange. But this will make the process more difficult for you. Because you will have to go through additional steps to prove you got the currency through legitimate means. But when you read the article that explains thar your currency will not lose any value you are hearing it directly from an Iraqi official who made it clear that whoever may hold IQD at this particular moment do not have to worry about your holdings not being honored as the value they will be worth once the currency is on the Forex. Because everything about the "Deletion Of The 3 Zeros Project" is for the Iraqi economy. This has nothing to do with what you hold outside the country. So everyone that has Iraqi Dinars now are is great shape.
@Prolotario1 - Ariel
1. It's a currency conversion or scale change more than anything else. Simply changing numerical representations rather than economic fundamentals. 2. The redenomination aims to keep the dinar at the same real foreign exchange conversion rate with US dollars and other global currencies. For example: Pre-Redenomination: 1,300 IQD could buy $1 USD when exchanged Post-Redenomination: 1.3 New IQD would exchange for that same $1 USD Still the same real purchasing ability. 3. Domestically within Iraq, all prices, wages, savings etc would be scaled down proportionally when denominated in new dinars. Preserving individual real buying capacity. Do you all understand now? The value of the currency will not change. Overall it's mostly an ease of use change in numeric scale. The currency itself does not lose economic value or power intrinsically through this conversion process if executed properly by Iraq's central bank. It would still buy the same amount of goods or other currencies.
@Prolotario1 - Ariel
Iraqi Dinar Update From http://Crytopolitan.com Report: Central banks globally are hoarding gold, hinting at worries over the US dollar’s stability. The move is led by BRICS nations, aiming to lessen their reliance on the dollar in international trade. Gold is being amassed as a strategic asset against potential dollar depreciation and a broader financial shift. The global stage is brimming with tension, and it’s not the kind that just ends when the credits roll. No, this suspense is way heavier and could hit your wallet like a ton of bricks. ~Jai Hamid ________________ Ariel: Now why did I post this? Well let's briefly go over the recent announcement by Iraq. On Thursday, 100 US dollars were exchanged for 146,750 Iraqi dinars in the Kurdistan Region. This is the lowest level the USD has seen in over 10 months. As of the beginning of the week, the value of each 100 US dollars was approximately 150,000 IQD, but quickly declined, so the value of each 100 USD declined by more than 3,000 IQD. Now what does this mean for the potential 1:1 or 3:1 parity of the IQD/USD where people who hold IQD can exchange and covert them to USD at a 1:1 or 3:1 exchange rate this year? Well if you are going off this report alone the difference in the decline decline in the value of the USD against the IQD from 150,000 IQD per 100 USD to 146,750 IQD per 100 USD is only about 2.2%. Which is no big deal. Iraq is one of those Central Banks who are sitting on tons of gold. This will help absorb the economic shock once they reinstate their currency on the Forex Market. Because remember all the BRICS Nations are waiting for Iraq. So everyone around the world is preparing. Because I told you all to keep your eyes on the following. 1. The Investment Law 2. The Budget Law 3. The HCL Law Let's go over these three areas briefly. The Investment Law in Iraq, known as Investment Law No. 13 of 2006 (amended in 2015), aims to promote and facilitate both foreign and domestic investment in the country. The law provides a framework for investment in various sectors, including industry, agriculture, tourism, and infrastructure. 5 Key Aspects of The Investment Law • Equal Treatment • Investment Incentives • One-Stop Shop • Land Allocation • Dispute Resolution Despite the favorable provisions of the Investment Law, Iraq still faces challenges in attracting foreign investment due to security concerns, political instability, corruption, and bureaucratic hurdles. So what is the one thing they need to fix this? The new exchange rate. What is next? The Budget Law Now what did the finance committee come out and say a few days ago? The Parliamentary Finance Committee, last Thursday (March 28, 2024), reassured employees and retirees regarding their salaries in the financial budget for the year 2024. What are the main things in the Budget Law? Well you would have to look in the 2023 budget first because these projects have not been financed with the new currency exchange rate. Infrastructure development: Funds allocated for various infrastructure projects, such as roads, bridges, and public facilities. Oil & Gas Sector: Investments in the oil and gas industry to increase production, upgrade facilities, and improve the sector's overall performance. Electricity sector: Projects to enhance electricity generation, transmission, and distribution to address the country's chronic power shortages. Water resources: Allocations for water management projects, including irrigation systems, dams, and water treatment plants. Agriculture: Support for agricultural projects and initiatives to promote food security and rural development. Reconstruction efforts: Funds dedicated to rebuilding areas affected by conflict and terrorism, particularly in provinces such as Nineveh, Anbar, and Salahuddin. Economic reforms: Initiatives to diversify the economy, attract foreign investment, and support the private sector. Guess what? All of these projects have been on hold for years. The most important ones being infrastructure, economic reforms, and the electricity sector. Iraq and Iran recently signed an electricity deal in March 2023. The agreement was signed during Iranian Energy Minister Ali Akbar Mehrabian's visit to Baghdad on March 7, 2023. Under this deal, Iran will continue to supply electricity to Iraq for the next two years. So we got that out of the way. Because it makes sense to ensure they have this in order to ensure stability in operations to facilitate a electronic transfer of new currency values. Because what did Al-Sudani tell the Iraqi citizens? To hold on to their Dinar because it will be the stronger currency in the region. One reason being is because their 2024 budget is equivalent to 70 tons of gold. Not only that Al-Sudani said they will be making an announcement before the end if Ramadan. Which should be sometime Monday for us to know what this is. Because their new fiscal year starts on April 1st. So I guess they will open up the books on their portfolio. Again I just listed many projects that need a exchange rate. So what is the current status of the 2024 budget? Well let's look and see what a member of the Parliamentary Committee said a couple of days ago. Qoute: " The head of the committee, Atwan Al-Atwani, told the official agency, followed by “Baghdad Today,” “We are awaiting the arrival of the 2024 budget schedules.” He added, "The salaries of employees, retirees, and the protection network are secured in the 2024 budget." Al-Atwani stressed, "There is no financial crisis in Iraq." End quote. And what is the one thing Iraq needs in order for this budget to have any real value for their economy? The new exchange rate. Will this be apart of the announcement Al-Sudani has mentioned? We will see. Do they have the luxury of dragging their feet another month or so for that matter? Absolutely not. One reason being is this. Prime Minister Muhammad Shiaa Al-Sudani announced last Thursday, the start of setting 2024 budget schedules that include added financial entitlements to the governorates that will be allocated to infrastructure. What are the entitlements? One major one is the HCL Law. Thought I forgot to mention this one didn't you? This law is basically a constitutional requirement for the Oil & Gas allocations that will be based on the exchange rate that has yet to he shown. It allows the citizens to get a monthly stipend. Here's how the proposed stipend system could work under the HCL: Revenue allocation: A percentage of the revenues generated from Iraq's oil and gas exports would be set aside for distribution among Iraqi citizens. Eligibility: All Iraqi citizens, regardless of their region, ethnicity, or religion, would be eligible to receive the monthly stipend. Distribution mechanism: The stipend would be distributed through a national fund or a designated government agency, possibly linked to the existing Public Distribution System (PDS) that provides essential food items to Iraqis. So as you can see they are in prime position to open their budget. Because this also mentions the citizens in this statement regarding their entitlements. Article quote: "...In addition to the possibility of achieving a significant increase in its financial incomes that would raise the purchasing power of the Iraqi individual...". Purchasing power will only come from the new rate. They are running against the clock people. Keep your eyes on the budget over these next few days. That's where our financial freedom is. This is the most exciting update because Iraq officially announced they are ready to open it. Goodluck out there.
@Prolotario1 - Ariel
Vietnam ✅️ Zimbabwe ✅️ Iraq ✅️ Iran ❓️ Countries are removing old currency notes from off the street prior to a exchange rate change that is expected to be initiated by Iraq with other countries following suit. Please stop with all of this panicking just because Zimbabwe gave their citizens 21 days to do it. One source mentioned that the Reserve Bank of Zimbabwe (RBZ), injected the gold-backed digital tokens (GBDT) known as Zimbabwe Gold (ZiG). This GBDT is prepared and will eventually be used via the new quantum banking system to pay you for your Zim Bonds that you hold. You should be preparing. Not worrying. This is apart of the monetary reform that most countries are undergoing. Especially those apart of the BRICS Nations. All of those nations are waiting for Iraq to get the ball rolling. Please standby. 😎