"Tidbits From TNT" Tuesday Morning 9-27-2022

Sep 27

TNT:

Tishwash: The central bank reveals a new denomination of the currency and is working on issuing a digital one urgent

The naked central bank revealed a new denomination of the Iraqi currency.

In his speech during the Al-Rafidain Forum for Dialogue, the Governor of the Bank, Mustafa Ghaleb, said: "We are working on a new currency, a category of 20 thousand dinars, after studies in order to keep pace with the requirements and to match the neighboring countries."

"We will start announcing the new category after completing its requirements," he added.

He stressed that "there is no intention to reduce or change the exchange rate of the dollar against the Iraqi dinar."

Ghalib revealed that "the Central Bank is working on issuing digital currency to keep pace with the development of monetary transactions in the region and the world," adding, "But so far, there is no specific orientation, dates and controls for issuing digital currency in the country, and we are working during the coming period on these controls to keep pace with the countries of the region and reduce the practice of dealing." cash by issuing this digital currency.”

Ghaleb pointed out that "deleting zeros from the currency is a previous project submitted by the Central Bank and requires amendments and requires legislation," stressing that "the atmosphere must be provided to accept such transactions."
And we have reduced the interest rate on loans provided to finance projects in the initiatives of the Central Bank, and we have worked to implement international standards to combat money laundering.

He explained that "Iraq's exit from the European Union's list of high-risk countries gives support to the movement of the economy and the financial and banking sector."

It is noteworthy that Iraq owns 7 categories of local currency issued by the Central Bank of Iraq are {250 dinars, 500 dinars, 1000 dinars, 5000 dinars, 10,000 dinars, 25000 dinars, and 50,000 dinars). link

Late Monday Night

Yada: Folks, if this is true, "Member of the Democratic Party: The election of the President of the Republic will be held next Tuesday, and matters have been resolved", then the CBI will be releasing the RI once the president is passed. (The wolf "UN" is at their door)

Yada: Interesting points that we learned back in Jan-Feb this year. Because of the implementation of the White Paper changes, the digital money is set and connected with all exchanges in the region as well as around the world. That means that regardless of who is in power, they will not have the luxury of being able to steal because everything is tracked. They were so success in the set up, they were able to back track much of the thief of the transactions in the past and repatriated the funds back to Iraq.

Yada: As far as the corruption files, once we are exchanged, their managing of those files will be in my rearview mirror.

Rock1941: yada is that next Tuesday or tomorrow if you know?

Yada: Yes, their "Next Tuesday" is the next time Tuesday is here. Tomorrow.

CaliforniaSugar: Yada, what about the prime minister? Did the Framework agree to allow Kadhimi another term as prime minister?

Yada: That is the sticking point California, from the article, Sudani will be named. So, They vote in the President with 2/3rd, (Thanks Kurds) The PM is appointed and he has so many days to present his cabinet. During that time, the President is the government with full powers, Kazimi remains until the next PM's cabinet is approved by parliament. Not giving you all a pipe dream, consider all the news we endured in the past 5 years at least as we watched and waited for them to form a government

Yada: The last time we went all the way through this was in 2018 into 2019. Believe it was Almari who was PM and just when we expected him to push the rate release, his family was threatened and he resigned and the mess had to start all over.

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Tishwash: Urgent / Central Bank Governor: The banking sector is directly affected by the political and security challenges in Iraq

Central Bank Governor Mustafa Ghalib: The banking sector is directly affected by the political and security challenges in Iraq

Central Bank Governor: We worked on developing the banking sector and building a network of Arab and international relations

Central Bank Governor: We do not have a tendency to issue a cryptocurrency

Central Bank Governor: We are working on completing a new banknote, which is a category of 20 thousand dinars link

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CandyKisses: Parliamentary Finance intends to host the Governor of the Central Bank about the currency auction and is waving procedures

{Economic: Al-Furat News} The Parliamentary Finance Committee intends to host the Governor of the Central Bank, Mustafa Ghaleb Mikhaif, in the coming days.

Committee member Faisal Al-Naeli said in a press statement that "after the circumstances that the council went through, which led to its suspension during the last stage, the repair of all the damages that befell it has now been completed."

He added, "This week may witness hosting the governor of the Central Bank, to discuss all matters related to the bank's work, especially the data of the currency sale window, which amounts to billions of dinars per week, as well as the challenges and problems facing their work."

Al-Naeli confirmed that “the committee will present all these files on the discussion table and listen to the answer of the governor of the Central Bank according to the administrative and scientific evidence and evidence,” noting that “the committee will take measures if it is not convinced of the answer and submit it to the House of Representatives.”

He explained, "The committee cannot be certain that illegal operations have taken place unless it listens to the governor's answers, which may be adequate to all of the committee's questions according to legal evidence."

Data of the currency sale window in the Central Bank of Iraq revealed that it sold about one billion dollars during the past week.

The window indicates that the sale was at a daily rate of 245 million and 914 thousand dollars, an increase of 1.86 percent over the previous week.

Mot: ~~ Perspective -- Its' All How Ya Looks at it!! ~~~