News, Rumors and Opinions Tuesday Afternoon 4-11-2023
KTFA:
Clare: Parliamentary Finance: Preparing the final budget report within the next two days
4/11/2023
Committee member Mustafa Al-Karawi told {Euphrates News} agency, "The Finance Committee finished reading and confirming the notes on the budget law, and during the next two days the final report will be prepared and revised until it is presented for a second reading in Parliament and the door for discussion is opened."
Yesterday, the Parliamentary Finance Committee ended its discussions on the draft federal budget law. Parliamentary sources suggest approving the budget after the Eid al-Fitr holiday.
Raghad Daham LINK
Clare: Sudanese advisor: The Central Bank succeeded in increasing the strength of the dinar and began to approach the parallel price
4/11/2023
The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, said today, Tuesday, that the Central Bank has achieved great success in managing the file of controlling exchange rates and gradually reducing them.
Saleh told {Euphrates News}, "The Central Bank has succeeded with great success in managing the file of controlling exchange rates and gradually reducing them through the electronic platform and the management of banks, which therefore adapted to the work of the platform, which was positively reflected by knowing the last beneficiary of the transfers."
He added, "These are positive indicators, as we have noticed the parallel market approaching the official exchange rate, and that monetary policy has achieved great success in increasing the strength of the Iraqi dinar until the parallel exchange rate seemed close to the official."
From.. Raghad Dahham LINK
DeepWoodz: IMO You know….it almost seems like they are slow walking the rate on purpose. Almost like they are studying it, studying their manipulation of it and the effects. Using new control methods. Wake up folks.
I mean it’s not like this kind of scenario happens very often. Or has ever happened.They have planned their work, and are now working their plan. It’s a beautiful thing you will never see again. God bless KTFA.
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Clare: Central Bank Governor meets a delegation from IronPoint Iconic in Washington
April 11, 2023
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, met yesterday, Monday, with a delegation from the company (IronPoint Iconic), which is one of the largest owners of data centers in the world, and operates in more than 26 markets in the United States, Europe and Asia, and the company owns data centers To the largest global technology companies with the development and operation of these centers, including Apple, Microsoft, Google, and Amazon.
After the meeting, His Excellency the Governor stated that he had received a presentation from the company regarding global growth trends in the data center market, whose profits are expected to double in the next four years to reach about $720 billion, indicating that the company is looking forward to investments and development of data centers in Iraq to facilitate the transformation of the Iraqi economy. to digital.
His Excellency also stressed the desire of the Central Bank of Iraq to develop its infrastructure, and the need to store and operate data on Iraqi soil to protect national security, and in line with international best practices.
Central Bank of Iraq
information Office
4/10/2023 https://cbi.iq/news/view/2302
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Courtesy of Dinar Guru
Mnt Goat The CBI needs to get this parallel market to the CBI official rate of 1132. 147.750 is a good start down from 150.000. It’s moving finally and I think this recent move is do the retriction of selling dollars to street venders and citizens. They also cut back on how much you can take on your cards. Eventually the CBI will find the needed balance and the rate will drop to the needed 100.000 and away we go…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI today said...the 5000 note and how this will still be used. Wow...I asked my bank friend and he said...even after the project to delete the 3-zeros and we're given the new currency and the coins that the 5K note is still going to be used in the banking system...from one bank to another bank...it's not going to be for everyday usage of citizens of Iraq... FRANK: That's great news...because it's going to join the 50K and 100K for internal use...the monetary reform education is getting louder and more specific. They are preparing you so you can trade in your 3-zeros note for your new small category notes and coins...
BRICS Currency: Shaking Up the Global Financial System?
4-11-2023
The ambitious plan by the BRICS nations — Brazil, Russia, India, China and South Africa — to create a new global currency is not only an economic endeavor but also a technological one.
As these countries work together to establish a currency that could potentially reshape the global financial landscape, the technological aspects of this project are crucial to its success.
(Alert!). By Design Liquidity Is RAPIDLY EVAPORATING. Small Businesses Are Being ERASED.
Greg Mannarino: 4-11-2023