Dinar Recaps

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News, Rumors and Opinions Thursday Afternoon 6-8-2023

KTFA:

Clare:  Statement from the Central Bank of Iraq 

June 07, 2023

The Central Bank of Iraq denies the circulating news that talked about depriving a group of banks and licensed electronic payment companies from participating in the external transfer platform.

The Central Bank also denies rumors about banning or stopping electronic payment cards issued by private banks or electronic payment companies.

And this bank confirms that this news is untrue, as its main goal is to manipulate the exchange rate by speculators in foreign currency, and it bears full responsibility for the parties and pages that trade such fake news, and the bank also reserves its legal right to take measures to deter the promoters of that fake news in all media. .

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The media office of the Central Bank of Iraq calls for the need to review the official website of this bank (www.cbi.iq) and the confirmed news it publishes that refute these allegations.

Central Bank of Iraq
Media Office
7 - June - 2023

https://cbi.iq/news/view/2352

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Clare:   Agency: $24 billion of frozen Iranian assets in Iraq and South Korea will be released

6/6/2023

The semi-official Iranian Students News Agency "ISNA", on Tuesday, stated that $24 billion of Iranian frozen assets in Iraq and South Korea will be released through the resources available to Iran in the International Monetary Fund.

According to the agency, out of this total figure, it includes 7 billion dollars of Iranian financial receivables frozen in South Korea, and more than 10 billion dollars of them are due to Iranian frozen resources in Iraq, most of which are due to the export of energy to this neighboring country.

It stated that after the visit of the Omani Sultan Haitham bin Tariq to Iran and the visit of US President Joe Biden's advisor to the Sultanate of Oman, it was decided that the frozen Iranian assets be released within an agreement with Iran.

It was also decided, after the meeting of the Governor of the Central Bank of Iran, Mohammad Reza Farzin, with Christina Georgina, CEO of the International Monetary Fund, that Iran would be able to obtain more than $ 6.7 billion from its special drawing rights, according to the agency.

And previously, a member of the Joint Chamber of Commerce between Iran and Iraq, Ali Shariati, announced the release of two billion dollars of Iranian assets frozen until yesterday, Monday.   LINK

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Courtesy of Dinar Guru

Frank26   Everything you're seeing is evidence it's about to happen.  You can't show me one thing that says...it's not going to happen.  Even if you approach me and say, 'hey, look we don't have the budget.What do I say to you Everything waits for the new exchange rate. Even the budget...

Militia Man  What we're waiting on is the budget to be passed, ratified, however you want to talk about it.  Does it happen [today]... Something could happen just thereafter and/or prior to getting it to The Gazette.  There's a window there.  I'm not saying I know how it's going to play out but the nice part is there could be a rate before the budget gets exposed or B at the same time or C within a short period of time because ...we know the budget doesn't work at 1310 so there's going to be some changes...

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Congratulation to Iraq, the budget has been approved

Nader:  6-8-2023

Yahhhhhh th it’s beautiful

https://www.youtube.com/watch?v=WWln_DDimSQ

U.S. Banks Are Selling Mortgages At Discounts As Commercial Property Crash Is Looming

Lena Petrova:  6-8-2023

https://www.youtube.com/watch?v=mnC-ytFRW7c

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