More News, Rumors and Opinions Saturday PM 11-18-2023
TNT:
Tishwash: Washington welcomes Iraq's accession to the European Bank
Today, Saturday, the US Ambassador to Baghdad, Alina Romanowski, welcomed Iraq’s accession to the European Bank for Reconstruction and Development.
The ambassador said in a post on the X platform, “I congratulate Iraq on joining the European Bank for Reconstruction and Development as a member.”
She continued, "Iraqi companies now have access to loans that contribute to improving the products and services available to Iraqis and enhancing Iraqis' communication with the world." link
Tishwash: Iraqi ports seized 236 Visa and MasterCard cards prepared for smuggling
The Iraqi Border Ports Authority announced, on Saturday, the seizure of 236 Visa and MasterCard cards prepared for smuggling.
A statement from the authority received by Shafaq News Agency stated, “The Zurbatiyah Border Port Directorate was able to arrest an Iraqi traveler in possession of (236) cards intended for smuggling.”
The statement indicated, "Organizing a fundamental arrest report and referring the accused to the Zarbatieh Customs Police Station to take appropriate legal measures." link
CandyKisses: Integrity: Recovery of 15 billion dinars from the former managing director of one of the electronic payment companies
Economy News
The Federal Integrity Commission announced on Saturday the recovery of 15 billion dinars from the former managing director of one of the electronic payment companies.
The authority stated in a statement received by "Economy News", that "its investigative procedures in the criminal case of the accused sponsor, the previously authorized manager in the case of tax evasion by the company by providing incomplete information, and hiding information related to its accounts for the period from (2010-2017) should have been clarified," indicating "his joint with employees of the General Tax Authority to cause damage to public money, represented by the Ministry of Finance, amounting to fifteen billion and one hundred and fifty-four million dinars."
She added that "the company has paid the amount of damage caused to public money as a result of the lack of tax accounting, confirming the transfer of an amount of (15,154,745,000) billion dinars to the account of the General Tax Authority - Department of Senior Taxpayers," pointing to "the continuation of the General Tax Authority to request a complaint against the accused and take legal action against him for non-payment of interest on the amount."
According to the statement, the authority pointed to "an individual lawsuit against the convicted defendant, the former director general of the General Tax Authority, for sending a letter to (5) banks indicating that the aforementioned company is tax accounted until the year 2019, in order to move the company's accounts in those banks, despite the failure to meet the necessary mechanism followed in tax accounting."
The convicted defendant carried out these acts jointly with three of her employees who were convicted and sentenced by the Central Anti-Corruption Criminal Court," she said
Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 Once you see the HCL IMO within nanoseconds afterwards you will see the new exchange rate...
Frank26 [Spain Bank Story] As you know I live in Spain. Last Friday I went to the Bank of Spain branch in Barcelona. It's the Central Bank of Spain. There are only two branches in our country...I showed the man at the counter a 50K dinar bill. The man looked at me and told me they couldn't change that bill there...but he told me the two banks that will 100% be
involved in exchanging this currency is Banco Santander and BBVA. They are the two largest banks here in Spain. They know everything. He even explained to me the process on how to do the exchange. He spent time with me, the amount of cash that I could legally withdraw etc. etc. He knew what bill it was and where it was from. Here they are paying attention to what is going on, what is going to happen in a very short time. They're not playing no games in Spain...The banks know about everything.
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Huge Warning Signs From Big Banks JP Morgan, Bank Of America & Morgan Stanley
Atlantis Report: 11-18-2023
Troubling signs are emerging from major financial institutions such as JP Morgan, Bank of America, and Morgan Stanley, casting a cloud over the economic landscape.
The sudden shift of Bank of America from a cautious stance to a more aggressive one raises concerns about a significant downturn. Concurrently, the Federal Reserve is scrutinizing Morgan Stanley's wealth division for client vetting practices, prompting questions about overall financial stability.
These developments strongly show an impending economic crisis, underscoring the need for investors to exercise caution and engage in strategic planning during these uncertain times.