KTFA:

DELTA:  BLAST FROM THE PAST THE PROCESS AND THE PLAN...LINING UP WITH WHAT FRANKIE TOLD YOU....  (see article below)

SO AS YOU SEE DELETE ZEROS OR REMOVE IT = REPLACING 3 ZERO NOTE WITH NEW ONES....

 BUT THAT WILL HAPPEN AFTER RATE CHANGE....

SO IF YOU LISTEN TO FRANKIE FRANKIE.........GOOD MORNING CBI...

 Iraq to remove three zeros from the dinar

Published August 4th, 2011 - 06:24 GMT

Iraqi dinar

The Iraqi Central Bank announced the completion of a plan to remove three zeros from the dinar, replacing current banknotes with new ones.

 The Bank will re-print 30 trillion dinars  According to Mazhar Mohammad Saleh, an expert in the Iraqi Central Bank, in a speech with the ALHAYAT of London, “our problem lies in the timing of the currency exchange, as we need to select a suitable time for implementing the project without obstacles.”

The Central Bank planned to remove three zeros from the Iraqi dinar, after suffering from inflation and the decline of the currency during the nineties, due to economic sanctions.  The value of the dinar decreased internationally to its current value of approximately 1120 dinars per dollar.

In 2003, the Central Bank adopted a new mechanism to maintain the dinar’s exchange rate. It created a foreign exchange auction to sell dollars that Iraq obtained from the sale of oil in the global markets and then transferred to the bank to sell in local currency, which helped raise the value of the dinar over the last few years to more than 2000 points.

Saleh estimated the government will exchange more than 30 trillion Iraqi dinars, or more than $26 billion dollars.  The most important change after deleting the zeros, is to reduce the number of banknotes in circulation, simplifying the payment system in Iraq.

Some economists have warned that the process of exchanging the Iraqi currency will be rife with corruption due to the inaccurate structuring of Iraqi banks. Previous attempts to exchange the currency resulted in major corruption, costly to the Iraqi economy.  However, Saleh responds that the process of changing the currency in 2004, occurred under the exceptional circumstance of an occupation, was managed by a civil American governor, and was still successful.

The Central Bank sells, through a daily auction, between $150 million dollars and $190 million dollars daily to clients of private banks and the financial companies.  

JJimmyJJ:  I've been waiting to hear something like this from an official source since about a month after I first invested in the Dinar. When the exterminator shows up,  the rats scatter.!!!!!

Samson:   A deputy intends to investigate the auction of the currency and confirms the possession of the names of those involved

08:55 - 21/11/2019
A member of the Parliamentary Integrity Committee high Nassif, on Thursday, the committee's move to open an investigation auction currency, indicating that there are a lot of personalities involved in this area will be referred to the judicial authorities.

Nassif said in a statement to the information, that "the Parliamentary Integrity Committee, especially after the completion of a law from where you get this, it is heading towards opening the currency auction in the Central Bank."

She added that "the Chairman of the Committee will form a team of members of the House of Representatives in order to open an investigation auction currency, in addition to the Office of Financial Supervision expressed cooperation with the Commission on Integrity and confirmed that there are files ready on the auction of currency."

She pointed out that “next Saturday will be the formation of the said team to investigate the auction of the currency, and refer those involved to the judiciary, where there are indications of some people who did not have property before 2003, while you find owners of banks and large property, and therefore the law from where you will apply this on them".

She stressed that "the Commission on Parliamentary Integrity owns the names of banks and personalities involved in the corruption of currency auction, where there are many of them took advantage of the period after 2014 to increase its funds."    LINK

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Briscom:  Can't you all tell me if the auctions have 'still' stopped, as of today (Friday)?  Thanks  

Toyvp:  NOT STOPPED!............TRANSFORMED!!!!!!

Briscom:  Thank you so much for that confirmation.  That's what I thought too.  It also means we are in a sweet place that we have never been in before.  Amen.

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Samson:  Figures .. Al-Ugaili exposes massive corruption and the reason for preventing the opening of large files

2019/11/21 21:24 

Former head of Integrity, Rahim al-Ugaili, revealed the size of the huge files of corruption, and the reason for preventing the opening of large files. "There is a positive development in dealing with the issue of corruption," he said. "The circumstances of the protests and the popular uprising in Iraq may have led the investigative and judicial bodies to carry out their duties more seriously".

He pointed out that "people may be worried about two things. First, we hope that these measures will not be a reaction to the popular protests, after which they have disappeared. The second thing is that the new measures that we have seen are no doubt good for their safety."

Corruption issues known to the Iraqi people. Al-Okaili added: He pointed out that "there is concern that these prosecutions will be limited to some small issues; but as long as the judiciary and the life of integrity find popular support we will find open to these issues, but I think that the political blocs and parties intervening in the judicial and investigative are prevented the opening of large files," but "will not There will be no anti-corruption unless you open the big files and prosecute the corruption. "

"One senior politician once said that opening big corruption files would topple the political system and political heads that are symbols at the present time. We certainly do not accuse everyone; but most political leaders are involved in corruption and it will be a great challenge to the judiciary and a life of integrity to deal with those," he said. Dangerous files involving senior political leaders. "

As for the Anti-Corruption Council, the former head of the Integrity Commission explained, "This council is not an investigative institution or a judicial institution, but it is a coordinating institution that has no role in investigating or dealing with the files of corruption by bringing the accused or arresting them. "As a subordinate to the highest executive in Iraq, he can bring the information, evidence and documents to the investigative and judicial bodies." He added, "Regulators are subject to the control of other parties, so I do not think there is concern about this issue and I think that the issue of corruption or misbehavior within the integrity of the integrity is not serious within the limits that we call."

On the indicators of corruption and the amount of money lost Okaili confirmed, "according to estimates and media reports pointed to nearly billion wasted between the years 2006-2014, and there are indicators pointing to more than (6) thousand projects worth billion Iraqi dinars The percentage of completion in spite of the expiration of the implementation period between only and thousand projects until 2012, of which only projects have been implemented despite the disbursement of all the funds of those projects.

"Obviously in the land features, you don't find in Iraq spent or income to the budget actually about billion dollars," he asked.

"Where did the money go, we did not find any impact only in the Kurdistan region somewhat, but the rest of Iraq does not find It has an impact, although I once heard from former Central Bank Governor Sinan al-Shabibi saying that it is possible to spread the land of Iraq gold, but I say no doubt that it went into the pockets of corrupt."   LINK

Samson:  Sistani offers what "paves the way to overcome the great crisis experienced by the country"

22nd November, 2019
The Supreme Religious authority Ali al-Sistani, on Friday, that the enactment of an election law and its commission pave the way to overcome the crisis in the country.

This came during a statement by the representative of the representative Abdul Mahdi Karbalai, "The religious authority has clarified its position on the peaceful protests demanding reform in last Friday sermon through several points, including stressing its peacefulness and free from violence and sabotage, and stress on the sanctity of Iraqi blood, and the need for the response of forces Political demands of the rightful protesters."

He added, "The authority, stressing the above, stresses the need to expedite the completion of the electoral law and the law of its commission as described in that speech, because they pave the way for overcoming the great crisis that the country is going through."   LINK

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Samson:  Deputy: the first line of senior officials will begin bringing them to the judiciary early next month

18:31 - 21/11/2019

The MP for the Alliance of Sairon Riad Mohammed, on Thursday, that the judiciary will issue a new list early next month includes a large number of first-line leaders in the current government and previous governments.

Mohammed said in a statement to the information, that "the recruitment lists issued by the Supreme Judiciary against officials is the third phase and there are two stages will start early next month," pointing out that "the new lists to be issued by the judiciary will include the leaders of the first line in the current and previous governments and will reach Prime Minister, Minister, Deputy and Undersecretary. ”

He added that "these lists will generate significant political problems within the corridors of the House of Representatives and between political parties," noting that "the judiciary will pursue all leaders and politicians involved in corruption and theft of public money without considering his position in the political process."

The legal expert Ali al-Tamimi, earlier, that the cases of financial corruption against a large number of government officials do not fall by the statute of limitations.   LINK

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Samson:  Japan expresses concern over the large number of protest victims and urges the government to reform

2019/11/22 10:46

Japan expressed concern about the large number of victims during the demonstrations in Iraq.

"Japan is concerned about the high number of casualties during large-scale demonstrations in the capital Baghdad as well as in the central and southern parts of the country," Foreign Ministry spokesman Masato Utaka said in a statement. "Japan calls on all parties to exercise utmost restraint to minimize further casualties and will continue to monitor the situation closely," he said.

"Japan expects that Iraq, as a cornerstone of peace and stability in the Middle East, will bypass the current situation in a peaceful manner," Otaka said.

"To this end, Japan strongly hopes that the Government of Iraq will respond to the aspirations of the Iraqi people as expressed by the current demonstrations, and make reforms quickly in a way that is highly trusted and will bring stability and development to the country," he said.   LINK