Sunday, October 27, 2019

IRAQ NEWS: "urgent steps and reform measures" | IQD Iraqi Dinar Currency...

VIETNAM BOOM UPDATE - Why Vietnamese Currency (VND) Rate Needs To Change...



The truth is the riots and protests are escalating in Iraq. Civil unrest is becoming evident. Iraq is doing everything It can just to keep things from falling apart. No reforms, no investment and no laws are being passed. If and when there is ever any currency reform it'll be when the country is stable, the laws are passed to invite in foreign investment, people are working, and Iraq has something to export other than oil. Only then can the CBI create the conditions to allow the currency to rise.

Mountain Goat

...what is holding up the reinstatement of the Iraqi dinar. We heard news in December 2017 that...UN Chapter VII sanctions has been lifted...Many were excited and hoped this would also release the currency...that this would free up the monetary system for Iraq and allow them to reinstate the currency. But this is NOT the case and here is why. In the recent past I told you it is the US that is holding up the final steps...

let me show you now how the US is involved in holding up the reinstatement of the Iraqi dinar. OFAC Sanctions...

What are OFAC sanctions? The US Office of Foreign Assets Control (OFAC) is responsible for creating, implementing and enforcing the United States’ sanctions...All of the following types of financial transactions should be reviewed for OFAC compliance: Deposit (checking & savings) accounts, Loans, Credit Cards, Wire transfers, ACH transfers.

...Iraq has already prepared themselves for the day when these sanctions will be lifted. But not yet.

...This is why Iraq has the currency auctions and must continue the auctions until the OFAC sanctions are lifted.

...The bottom line is the US must lift OFAC sanctions against Iraq or the banks will not be exchanging our Iraq dinars. This is something as dinar holders we all need to be aware of and look for... this has nothing to do with UN Chapter VII sanctions. These are in-addition to the UN sanctions. This is in dealing with the US banks.