News, Rumors and Opinions Friday AM 9-10-2021
KTFA:
Clare: Iraq is preparing to hold a conference to discuss the recovery of its looted funds
PM 3:11:08 9/9/2021
Baghdad / Obelisk: The former member of the Anti-Corruption Committee, Saeed Yassin, revealed
on Thursday, September 9, 2021, the amount of looted and smuggled funds from Iraq
And while he announced that a conference would be held to discuss its recovery in the middle of this month Yassin said in a press statement followed by "The Obelisk" that work to recover the looted funds is carried out through the Integrity Commission's Money Recovery Department, the Fund for Recovering the Funds, whose membership includes the Integrity Commission and the ministries of finance, foreign affairs, justice, the judiciary, the Central Bank, the intelligence and national security agencies, as well as the Financial Supervision Bureau
He pointed out that there is a conference to recover funds that will be held on 14 or 15 September to
activate the role of the Ministry of Justice as it is considered as Iraq's lawyer before the world,
indicating that the volume of corruption funds is estimated at 360 billion dollars
The judge of the Rusafa Court specialized in cases of integrity, money laundering and economic
crime, Iyad Mohsen Damad, revealed, on Monday, September 6, 2021, that efforts are being made
.to recover the smuggled funds in both Morocco and the UAE
Damad said, in a press statement, that dozens of cases were reviewed regarding (key card) outlets
and exchange companies that operate and transfer money outside Iraq without a permit, noting that
.such work is tainted by many suspicions of currency smuggling and money laundering
Since 2003, Iraq has been suffering from the smuggling of its financial resources outside the
.country, as if it had become a norm practiced by political forces
.According to estimates, the Iraqi funds smuggled abroad range from 150 to 350 billion dollars
The amount of smuggled funds - according to estimates - is very large, which requires a double
.effort from the government and the relevant institutions to recover these funds
Iraq needs to legislate laws in order to recover this money, as well as to activate a law from where
.did you get this, which will have an impact on recovering the smuggled money
And last October, Prime Minister Mustafa Al-Kazemi announced the establishment of an
international financial alliance, under the name of the Economic Contact Group, which takes
.responsibility for helping Iraq as a consultant, in overcoming its economic crisis LINK
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TNT:
KaseyKp1: The IMF stated in one of their reports a long time ago that the dinar would be a managed float; they just recently restated this.
Southern Guy: 9-9-2021 Intel Guru Frank26 Firefly Boots-on-the-ground TV report: FIREFLY: Finance Minister is on the news again and he's saying that the White Papers are here to fundamentally change the Iraqi economy and also said Iraq needs to float the dinar internationally on a global market and gain the true value of the dinar.
CharlieOK: It looks like Washington is not going to use the foreign currency they own to pay for infrastructure, etc. https://www.cnbc.com/2021/08/25/house-vote-on-3point5-trillion-budget-raises-odds-of-higher-taxes-on-rich.html
Yada: Wow people. Just because we heard the bankers were not taking any vacation for the next 2 weeks didn't mean we are waiting till then for the RV. I expect the release starts now and all the exchanges will be over by then…….o many piece of the process that WE see indicating they either moved already or moving now. The ambassadors setting up offices last weekend,,,yep, the open for business sign is visible.
Sooneriam: Hold On Tight. This RV ride is not over yet… Please keep all hands and feet inside the vehicle and remain in upright position with bank clothes ready!! (smile)
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Courtesy of Dinar Guru
Frank26 All the central banks in the world met on the last day of the Baghdad summit when they closed the doors to show this delegation that you are Article VIII and confirmed with the world's central banks IMO that a new exchange rate and a new currency for Iraq is about to be introduced...
Pimpy I really think we're in a great position. Seriously, if we could just be a little bit more patient. A lot of people have been waiting a long time. I get it. Right now we're seeing a lot of progress with Iraq like never before. Corruption has been dwindled down. We have a very transparent government there. Al-Kazemi seems to be well on his way of putting Iraq out there internationally. Building relationships with people. Keeping the country stable...Once they've rebuilt their economy and it starts to get stronger the currency will itself become stronger and will increase in value.
THE NEXT WEALTH TRAP: Programmable Central Bank Digital Currencies...by LYNETTE ZANG
Sep 9, 2021