MarkZ
[via PDK]
I received this one a few days ago… ‘I walked into a ‘regional’ bank and asked the teller if this location had a DelARue machine. She quickly passed me on to the bank manager. The manager scooted me into her office and closed the door. She asked why I would be needing one and I said I would be participating in the upcoming currency exchanges and wondering if your tellers were trained. She said they were getting a DLR machine for this location but only herself and her back up manager would be facilitating exchanges.She never asked what currencies I had …I never offered that info. She did say when the time comes either myself or my assistant could travel to me to take care of my transactions. I turned down that offer saying I wanted to be treated like everyone else.
A couple weeks went by and I popped into a teller window to do my normal banking. I asked if the bank manager was in and was told that she was at lunch. As I was leaving the teller told me the bank manager was coming out to speak with you. She explained that all the tellers had been told to let them know if I came in looking for them. The bank manager arrived and I was red faced at having made her leave her plate to answer an insignificant question. No matter how I try they will not treat me like everyone else. This is a true testimony that even some tier 3 regional banks are aware of the upcoming reset and will be taking part in the exchanges.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Economist on TV, he was talking all day and he was talking about how Iran is losing its grip on Iraq.
FRANK: That’s the security and stability we have all dreamed about…He’s telling you the truth about your monetary reform. It can be born with a new exchange rate because Iran is no longer in control…Sudani is in control. Donald Trump is in control. Iran knows that.
Community Comment:
‘The IMF just posted Iraq is not going to do anything with their exchange rate next year or the year after. We’re s*****d. They’re never going to raise the value.’
Did you also see where the IMF posted Iraq is going through a revaluation of their currency right now. Which one are you going to accept.If the salaries and the HCL is all tied to the oil and it’s all found where. In the budget. The glue is a new exchange rate.
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Clare (KTFA)
Article:
‘Congress votes on an amendment to ban funding for ‘Iranian organizations’ in Iraq’
Quote:
‘The US House Republican Armed Services Committee announced on Wednesday its passage of an amendment introduced by Representative Joe Wilson to the National Defense Authorization Act (NDAA) to prohibit funding for Iranian-linked organizations in Iraq…Wilson is known for his anti-Iranian stance, and has previously called for ‘making Iraq great again’ and for ending Iranian control over the country, following his previous calls to halt funding to Iraq’
Article:
‘IMF Explains Iraq’s Exchange Rate Arrangement’
Quote:
‘There has been a change to Iraq’s exchange system since the last Article IV Consultation. Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any restrictions under this provision. Iraq does not maintain any current account exchange restrictions or MCPs [Managed Currency Pegs]. Starting January 2025, all international transactions have been routed through commercial banks via their correspondent banking relationships (CBRs).’
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MilitiaMan
Everybody’s ready to do business in Iraq. Now we’re waiting to see if we can get this over the edge at any time now. We’re hoping the resolution comes out of the oil deal with the Kurds and Baghdad. It’s all budget related. That court case they postponed is effectively budget related because article 12-2C is an amendment for the ’23/’24 budget… Before the parliament gets those 2025 budget schedules that’s what I’m looking for.
Iraq has about $100 billion in reserves or more and they’ve got about 146 tons of gold and instead of being just oil they’ve got non-oil resources. All of that supports Iraq’s real effective exchange rate into the future…Fnu Lnu
[Response to Guru MarkZ 7-15-2025 post below]
The mad rush in banking software updates is because the new messaging system, FedNow, is digitized and ISO-20022 compliant and many changes must be made to comply with these new regulations. The deadline was yesterday, 07/14/25. These changes have nothing to do with the mythical, magical QFS (Quantum Financial System) which does not exist, cannot exist, and is nothing but more Dinarian mythology.
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Sandy IngramThe United States says Iraq is helping Iran secretly sell oil, which is against international rules. If Iraq doesn’t stop, the United States might block $350 million in oil money and go after Iraq’s main oil company, SOMO.
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Walkingstick (KTFA)
The HCL belongs to the Iraqi citizens. They get what’s called a stipend, you get a little piece of it. But that little piece, along with the purchasing power…will make these Iraqi citizens very happy because the oil belongs to the Iraqi citizens…Iraqi citizens all have their own accounts so this stipend of the oil will be given to them. If they didn’t have those bank accounts, they wouldn’t be getting this oil…It is now digital.Source : dinarchronicles
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