More News, Rumors and Opinions Sunday PM 9-5-2021
TNT:
Weekend UPDATE for September 5, 2021
Bank sources are sharing the following info....
1. Currency screens are "blacked out" which usually indicates a rate change when visible again.....hmmmmmmmm?
2. Personnel are being told not to plan on any vacations or extended time off for the next several weeks.
3. This upcoming week is expected to be vibrant with constant customer "currency exchange" flow....Time Will Tell
Kozmo: Rvalready. Has the UN endorsed the RV??
RVAlready: Cooperation agreement between UN and Iraq was scheduled to be signed in Iraq this morning. Framework includes the white paper. White paper includes the RV.
Rock1941: we think, we hope
RVAlready: I think, therefore I am
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Courtesy of Dinar Guru
Desert Advisor Article "Al-Nusari: Monterey stability represents the starting point for economic stability" Before you can reform your economy you have to reform your monetary policy to make sure the foundation of your economy is strong. Are they going to work on the .006? That's what everybody is waiting for most...
Frank26 Article: "A government source identifies the reason for the low exchange rate of the dollar in Iraq" How come everyone now is talking about raising the value of the Iraqi dinar? Quote: "...the dollar's prices in the markets are currently affected by supply and demand... the most important factors that greatly effect the exchange Raes of the dollar are the decisions taken regarding changing the exchange rate of the dollar... " ...when you float your currency outside your country it automatically raises the value of the currency. It automatically changes the exchange rate.
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KTFA:
Don961: Baghdad hosts the stolen money recovery conference
Sunday 05 September 2021 Baghdad: Omar Abdul Latif
Saad Al-Sammak
The capital, Baghdad, will host, in mid-September, a conference on "Recovering Stolen Funds", which is being held by the Ministry of Justice in cooperation with the Council of Arab Justice Ministers of the League of Arab States.
Muhammad Rahim Al-Rubaie, a member of the United Nations Convention against Corruption coalition and head of the Al-Nahrain Network to Support Integrity and Transparency, told Al-Sabah: "The Council of Arab Justice Ministers issued a study for the year 2020 entitled (Recovering the looted funds - how - procedures - available means," There is a desire to translate the work into an international conference in which Arab and international experiences in fighting corruption and recovering looted funds and benefiting from them at the Arab and local levels will be Iraqi simulated".
He added that "the conference, which will be held on September 15 and 16, will be under the auspices of the Iraqi government represented by the Ministry of Justice and (the Legal and Judicial Research Center) in the Council of Arab Ministers of Justice in the League of Arab States," noting that "Prime Minister Mustafa Al-Kazemi and the Secretary of the League of Arab States will be among the attendees." at the conference."
Al-Rubaie added that "the conference aims to implement an annual work program (the Arab Center for Legal and Judicial Research) by a decision of the Council of Arab Ministers of Justice, which will seek to achieve the sub-objectives by presenting scientific papers of the experiences and practices of countries in recovering money looted by corruption, Arab cooperation and the League's efforts to combat corruption and recover money. looted by corruption, and the framework for this, to come up with recommendations to be submitted to the Council of Arab Ministers of Justice with the aim of activating Arab cooperation protocols to recover the looted funds.
He stressed that "Iraq now heads the Arab Network to Promote Integrity and Combat Corruption, which includes members in 22 Arab countries, including government ministers, heads of integrity or financial bodies, oversight bureau, civil organizations, and members of the network from all countries, including Transparency International's branches in Arab countries."
In addition, the financial advisor in the Prime Minister, Dr. Mazhar Saleh, said in an interview with "Al-Sabah": "It is not possible to give accurate figures about the amount of smuggled money during the time of the previous or current regime," but he made it clear that "semi-official estimates of the total expatriate funds for Iraqis Refers to about $150 billion in a diversified financial portfolio between investors, deposits and savings in the countries' foreign markets .”
With the aim of returning the expatriate funds to the country, Saleh stressed that there must be “strong” legislation that targets the segment of expatriate capital and enjoys special care from the Iraqi government and without any restrictions imposed by the state by opening deposit and saving windows, estimating the number of expatriates of Iraqi origins abroad. Nearly 10 million people.
And on the issue of capital smuggling and failure in treatment, the financial advisor at the Prime Minister’s Office said: “Capital flight is an issue that is difficult to estimate and needs an integrated legal entity through filing cases in Iraqi courts and transferring them to foreign courts in accordance with international law,” stressing that “the lesson in that It lies in closing those doors that destroy the national economy, and despite their high financial cost, Iraq continues to file lawsuits with the aim of cutting off crime and assaulting public money through images of chasing smuggling of public money and returning the smuggled funds to Iraq in a legal way". LINK
Iraqi Dinar update for 09/05/21
Pimpy’s Investment Chat: Sep 5, 2021