More News, Rumors and Opinions Thursday Afternoon 2-1-2024

02/02/2024

The Yorkshire Lass

With the news about Evergrande’s liquidation tells me that the Iraqi Dinar can confirm its exchange rate. Reports have been coming out that talks on ending US military presence in Iraq has begun with around 2,500 American soldiers still in Iraq.

This could soon come to end. Iraq said last year it was to ditch the US Dollar and trade in their own currency. The Iraqi Dinar exchange rate is what BRICS is waiting for.

BRICS isn’t waiting for Iraq to join them. They just want their currency acknowledged on the FOREX and for Iraq to thrive.

BRICS is coming together to collapse the US Dollar. This is exactly why the West is trying to start a war in the Middle East. They know what’s coming. Sound familiar?

A new era is coming and it’s called the Gold Standard.

https://dinarchronicles.com/2024/01/30/the-yorkshire-lass-the-iraqi-dinar-exchange-rate-is-what-brics-is-waiting-for/

Ariel: Quick Update – J.P. Morgan Selected to Run New Trade Bank in Iraq

Operating the bank the Trade Bank of Iraq will give banks access to the financial system of Iraq. Which has huge oil reserves foreign bank companies have not operated in the country since a policy of nationalization in the 1950’s and 1960’s.

What this means is that once Iraq join the Forex market, facilitated by increased foreign banking participation, it could potentially lead to a more streamlined process for currency exchanges.

This could benefit individuals holding IQD in America, providing them with more accessible channels for converting IQD into USD.

Since JP Morgan Chase is the leading bank. Iraq’s engagement with Western banks, facilitated by J.P. Morgan, will contribute to its increased integration into the global economy.

This integration’s positive effects on currency exchange mechanisms, will make it more seamless for individuals holding IQD. Iraq’s oil reserves make it an attractive market.

J.P. Morgan’s role could pave the way for Western banks to participate in financing projects related to Iraq’s oil industry and other sectors, fostering economic growth. Which will assist with the Oil & Gas Law/HCL. Which the citizens have been asking for.

Western banks, including J.P. Morgan, could provide financial support for the development of oil infrastructure projects in Iraq. This could include funding for exploration, drilling, production facilities, and transportation infrastructure.

So this development for Iraq is very important. I mean a report came out that 235 ATMs to be installed in Erbil. The infrastructure is intended to enable Kurdistan Regional Government (KRG) civil servants to receive their salaries electronically.

About 80 service centers will be installed in Erbil to accommodate approximately 235 ATMs from various banks. This is monumental considering what Al-Alaq stated in regards to the monetary reform and the parallel market they he said would end very soon. Which implies there will only be one exchange rate. The black market rate will fade away. Which will give Iraqis purchasing power.

5:28 PM · Jan 31, 2024

https://dinarchronicles.com/2024/01/31/ariel-prolotario1-jpmorgan-to-run-new-trade-bank-in-iraq/

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

Walkingstick [Iraqi Bank Friend Aki update] This is the monetary reform roadmap for the next couple of weeks…January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens…Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency…Also…the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup…of international platforms. They are done and going live at any moment.

tlm724 Article: “The Bank Of Jordan Links Iraq Through An Electronic System With Four Arab Countries” Quotes: “…Iraq is linked to an electronic system with four Arab countries, while indicating that the Central Bank is making great efforts to develop the banking sector in Iraq.”; “…and I believe that they are moving at a very good speed to shorten the time gap, to reach the ranks of developed countries with these services.”

U.S. Debt Crisis Signals HISTORIC COLLAPSE with John Rubino

The U.S. debt crisis has never been worse and signals a historic financial collapse. John Rubino, Macro-Analyst and Co-Author of The Money Bubble, provides information on what we should expect in the coming months and years ahead.