More News, Rumors and Opinions Wednesday PM 5-10-2023
KTFA:
Clare: FRANK SAID TO TELL YOU HE REALLY LIKES THIS ONE!
FINAL ARTICLE #2882
Frank26: "FROM THE CORRECT HORSES MOUTH... TAKING INTO ACCOUNT THE NEW EXCHANGE RATE... WELL ALRIGHT, ALRIGHT THEN!!!"......F26
The Council of Ministers decides to increase the capital of the Rafidain Bank and to pay Iraq's share in the World Bank
5/09/2023
The Council of Ministers decided, on Tuesday, to increase the capital of the Rafidain Bank and pay Iraq's share in the World Bank.
Al-Sudani's office stated in a statement that "the cabinet agreed to increase the capital of the Rafidain Bank, which was approved by the Committee for Determining Corporate Capitals in the Ministry of Finance, by an amount of (212,000,000,000) dinars, only two hundred and twelve billion dinars, to be added to the bank's current capital of : (26,000,000,000) dinars, only twenty-six billion dinars, to become after the increase (238,000,000,000) dinars, only two hundred and thirty-eight billion dinars, to raise the capital of the Rafidain Bank on par with other banks, based on the provisions of the Public Companies Law (22 of 1997 ) the average".
And the Council approved, “Within the course of financial and economic relations with international financial and banking institutions, the recommendation of the Ministerial Council for Economics (23072 s), regarding the payment of Iraq’s share in the World Bank; by the Ministry of Finance assuming the payment of an amount (26,898,925,642) dinars, only twenty-six billion and eight hundred.” Ninety-eight million nine hundred and twenty-five thousand six hundred and forty-two dinars in cash, after the approval of the Federal General Budget Law for the year 2023, taking into account the new exchange rate, between the date of the claim and the date of payment. LINK
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Clare: Al-Sudani sponsors the signing of a memorandum of understanding between the Municipality of Baghdad and the Municipality of Paris
5/10/2023
The Iraqi government announced today, Wednesday, the signing of a memorandum of understanding between the Baghdad Municipality and the Paris municipality.
A statement by Al-Sudani's office, received by Al-Furat News, stated that "Prime Minister Muhammad Shia' Al-Sudani sponsored today, Wednesday, the signing of a memorandum of understanding between the Baghdad Municipality and the Paris Municipality, signed on the Iraqi side by the Mayor of Baghdad, Ammar Musa, and on the French side, the Mayor of Paris, Anne Hidalgo." .
Al-Sudani said, "The signing of this memorandum comes within the framework of cooperation relations between Iraq and France, in order to work to show the beauty of Baghdad with its history and heritage," stressing "the government's determination to implement projects that highlight Iraq's civilizational importance and status."
The statement stated, "The memorandum of understanding includes the promotion of cooperation in various fields, in accordance with mutual interests and the laws in force in France and Iraq, and it also includes the exchange of experiences in the service side, which includes water, sanitation, waste management, energy and urban planning, as well as programs related to culture and tourism."
And the cultural and urban heritage of the two cities, as well as cooperation in the field of environmental management and sustainability and preservation. LINK
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Courtesy of Dinar Guru
Mnt Goat I call my CBI contact almost every Saturday and get the full scoop of what is really happening in Iraq and the efforts of the CBI. Since we have NOT heard of any official word of progress about the redenomination process it is not yet happening I can assure you. However, we can sit still and know it is still in the plan because I know it is and it has to happen sooner than later, just not yet.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're back on channel one saying it will be weeks now that the street rates should match the official rate...they went from weeks to soon and now they're back to weeks again... FRANK: ...Rumors are rampant. One minute they say one thing, the next minute they say something else. That's why we tell you only pay attention to Sudani and the governor of the CBI...
SHocKeR! INFLATION CONTINUES TO RISE WITH NO End In Sight! YIELD CURVE FALLS.
Greg Mannarino: 5-10-2023
Death Of An Empire - Scary Insights | Alisdair Macleod & Matthew Piepenburg
Soar Financially: 5-10-2023
At Deutsche Goldmesse, we hosted an engaging fire side chat with two of the leading minds in global finance, Alisdair Macleod of Goldmoney & Matthew Piepenburg of Matterhorn Asset Management.
We are discussing the collapse of the US Dollar and the value of real money and gold.