More News, Rumors and Opinions Tuesday Afternoon 12-20-2022
KTFA:
Clare: The Central Bank of Iraq launches a package of measures to improve the performance of transactions related to the dollar
December 20, 2022
Today, Monday, the Central Bank of Iraq announced a package of decisions that would return the foreign currency market to its normal position, as follows:
1- Allowing the banks participating in the foreign currency buying and selling window to purchase any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and to pay interest / returns on those balances according to what this bank decides.
2- Facilitating the financing of private sector trade through Iraqi banks and meeting the request for foreign transfers by strengthening the balances of banks with their correspondents in other currencies in addition to the US dollar ( Chinese yuan , the euro , the Emirati dirham , the Jordanian dinar, and others ).
3- Opening outlets for selling foreign currency in government banks to the public for travel purposes ( treatment , Hajj Umrah , study, etc. )
4- Reducing the selling price of the dollar to the beneficiary ( the card holder ) that he uses while traveling or paying his purchases via the Internet, to be at a price of ( 1465 ) dinars to the dollar instead of ( 1470 ) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price of ( 1455 ) dinars to the dollar instead of ( 1460 ) dinars to the dollar.
Central Bank of Iraq
Media Office
19 - December - 2022
************
Clare: Sisi: Iraq's success is a success for all of us
2022-12-20
Egyptian President Abdel Fattah Al-Sisi stressed, on Tuesday, that the success and stability of Iraq is a success for all countries in the region, stressing his belief in the ability of Iraqis to advance their country.
Al-Sisi said in a speech during the second Baghdad Conference for Cooperation and Partnership held in Jordan, "Our meeting comes today while we are witnessing remarkable improvement and progress achieved by Iraq and the Iraqis, and I congratulate Prime Minister Muhammad Shia'a Al-Sudani on forming his government, and I congratulate the Iraqis on what has been achieved."
He added, "The convening of our summit today bears an important political significance and indicates a sincere desire to move to a new stage of partnership by strengthening work between Iraq, Egypt, Jordan, or others."
Al-Sisi considered that holding the summit "represents an opportunity to discover new horizons in support of stability, face challenges related to international events, and secure food, health and energy security."
The Egyptian President added, "Iraq has faced, over many years, many terrorist organizations and foreign interference, which has burdened the Iraqis, and its impact has extended to the countries of the region."
And Al-Sisi added, "Egypt highly values the valiant sacrifices made by the Iraqis against terrorism and the elimination of its dark projects."
He said, "I do not fail to stress the assistance of the Iraqi state in the field of reconstruction and urban renaissance, and I reaffirm Egypt's full support for these international efforts that contribute to consolidating the concept of a safe and stable homeland. The success of Iraq is a success for all of us."
He added, "Within a framework of frankness, these goals will not be achieved unless sectarianism and reactionary ideas are overcome, and openness is made to everyone of different religions and sects."
"We renew our commitment to international conventions, foremost of which are good neighbourliness, non-interference in internal affairs, non-aggression, and the cessation of imposing a fait accompli policy," Sisi said.
He stressed that "Egypt rejects any foreign interference in Iraq's affairs and supports Iraq's progress and protection of its institutions, and this will reflect on the security of other countries, and out of faith from Egypt, we have participated with Jordan to establish the tripartite alliance between Iraq, Egypt and Jordan to achieve what secures a stable life for the people."
Al-Sisi concluded by saying, "I turn to the people of Iraq by saying: O great people of Mesopotamia, I believe that you are capable of advancing your country, with full certainty that your pluralism and potential will allow you to overcome obstacles, whatever they may be. ". LINK
************
Courtesy of Dinar Guru
Frank26 Article: "New App allows Iraqis to trade US-Listed Stocks" INTERNATIONAL PLATFORM FROM THE CBI TO REMOVE THE BLUES OF THE CITIZENS...behold...an app for the Iraqi citizens...so they can move currency in and out of their country and so they can buy stocks listed outside of their country. If you don't understand this you don't belong in this investment...How come they haven't been able to do that for the last 20 years? Because they've been on a program rate...I'm sorry anybody that tells you the Iraqi dinars are not going up in value is simply ignorant...this is not for a program rate. This is for a powerful currency.
CharlieOK The [Vietnam] dong traded at over 2 bucks in the '50s. If there is any country that should try to force an RV before another, it should be VN. Stable country with a manufacturing base and lots of natural resources... The country of VN was involved in warfare from the latter '50s through the early '70s. Since then, VN has rebuilt the country with a diversified economy. It has natural resources and has a manufacturing base. Actually, VN shows what a fiasco Iraq now is. Even so, it appears that what we hope for might just be upon us...
************
TNT:
Carlosisan: GM TNT Fam. Well, it's 5 days till Christmas. I wonder if Santa will bring the RV like they promise or will I get another bag of coal this year?
MuddyRiver: 1460.24 on forex. No change as of yet.
GPCobb: muddyrivers, what they let us see on FX may or may not be real,,,,,,,,,
Yada: GP Cobb.Agreed
GPCobb: 19 December 20, 2022 TNT Call Notes per Tony: ‘They have a rate that is NOT released to Forex; We can’t see it -- it is NOT released. If it’s an RV rate it has to be exposed -- if it is an open rate -- -- Forex does NOT have to share that with any banks”, TNT call notes Monday 19th
Bushog: Wells Fargo agreed to pay $3.7 billion to settle charges that it harmed consumers by charging illegal fees and interest on loans and mortgages and incorrectly applying overdraft fees.
(Alert) Banks Are In Trouble, The Expanding Money Supply, Much Higher Inflation, Economic FREEFALL.
Greg Mannarino: 12-19-2022
SILVER ALERT! Clif High's Silver "Dollar Days" are HERE!!
(Bix Weir) 12-20-2022
Silver was up a whole dollar at the time I recorded this video...I wonder if we are now coming into Clif High's "Dollar Days" where silver jumps in dollars rather than pennies! Can't wait for the $5/day moves that are NOT FAR OFF!!