Currency Insider Iraqi Dinar Updates Sunday Evening 10-22-23
Currency Insider Iraqi Dinar Updates Sunday Evening 10-22-23
Dollar Dedollarztion News Update
Iraqi Dinar It’s Called Currency Shake Up
Currency Insider Iraqi Dinar Updates Sunday Evening 10-22-23
Dollar Dedollarztion News Update
Iraqi Dinar It’s Called Currency Shake Up
Dollar Dedollarztion News Update
Iraqi Dinar It’s Called Currency Shake Up
More News, Rumors and Opinions Sunday PM 10-22-2023
TNT:
Tishwash: Interior Ministry: 17,900 pledges not to deal in dollars in Iraq
The number of written pledges that the Ministry of Interior took from shop owners not to deal in dollars during buying and selling amounted to 17,900 pledges from last May until this October.
This was reported by the Director of Operations at the Organized Crime Directorate, Brigadier General Hussein Al-Tamimi, to Al-Sabah, noting that the campaigns launched under the direction of the Ministry since last May to support the Iraqi dinar resulted in the arrest of a number of foreign currency speculators and smugglers.
He explained that the Ministry has taken written pledges obligating the owners of car showrooms, electrical materials stores, tourism and travel companies, wholesalers, and key cards, as well as the owners of residential complexes, not to deal (in dollars) during buying and selling
TNT:
Tishwash: Interior Ministry: 17,900 pledges not to deal in dollars in Iraq
The number of written pledges that the Ministry of Interior took from shop owners not to deal in dollars during buying and selling amounted to 17,900 pledges from last May until this October.
This was reported by the Director of Operations at the Organized Crime Directorate, Brigadier General Hussein Al-Tamimi, to Al-Sabah, noting that the campaigns launched under the direction of the Ministry since last May to support the Iraqi dinar resulted in the arrest of a number of foreign currency speculators and smugglers.
He explained that the Ministry has taken written pledges obligating the owners of car showrooms, electrical materials stores, tourism and travel companies, wholesalers, and key cards, as well as the owners of residential complexes, not to deal (in dollars) during buying and selling
And to deal exclusively in the Iraqi dinar according to the price specified by the Central Bank / otherwise The violator is subject to legal accountability in accordance with Article 306 of the Iraqi Penal Code No. 111 of 1969, which stipulates imprisonment and the imposition of a fine on anyone who refuses to deal in the Iraqi dinar, indicating at the same time that the Central Bank and the Council of Ministers have permitted merchants importing basic and necessary materials from outside the country to enter. To the electronic platform and deal in dollars through it only. link
Tishwash: Washington directs the departure of the families of its diplomats and non-essential employees from Iraq
Do not use Baghdad Airport
Today, Sunday (October 22, 2023), the US State Department directed the families of its diplomats and non-essential employees to leave Iraq, after US forces were exposed to missile attacks at the Ain al-Asad bases west of Anbar and Harir in Erbil in recent days against the backdrop of the ongoing repercussions of the Israeli aggression on the Gaza Strip. Since October 7 of this year.
In a statement seen by Baghdad Today, the US State Department ordered “the departure of eligible family members and non-essential US government employees from the US Embassy in Baghdad and the US Consulate General in Erbil due to increasing security threats against US government employees and interests.”
Its statement pointed out that “American citizens in Iraq face significant risks to their safety and security, including the possibility of violence and kidnapping,” noting that “terrorist and insurgent groups regularly attack Iraqi security forces and civilians, and anti-American militias threaten American citizens and international companies everywhere.” All over Iraq.
The attacks, according to the statement, are occurring “using improvised explosive devices, indirect fire, and unmanned aerial vehicles in many areas of the country, including Baghdad and other major cities. In emergency situations, consular services for US citizens in Iraq are limited due to strict restrictions on the movements of government employees.” "American."
He pointed out that "demonstrations, protests, and strikes occur frequently across the country. These events can develop quickly without prior notice, often disrupting traffic, transportation, and other services, and sometimes turn into violent acts."
The US State Department advised its citizens “not to travel near the northern border of Iraq due to the continuing threat of attacks by terrorist groups, armed conflict, aerial bombardment, and civil unrest,” stressing, “United States citizens should particularly avoid areas close to armed groups in northern Iraq.” Which was targeted by air strikes by the armies of neighboring countries."
She stressed that "United States citizens should not travel through Iraq to participate in an armed conflict in Syria, as they will face severe personal risks (kidnapping, injury, or death) and legal risks (arrest, fines, expulsion)," noting that the Iraqi Kurdistan Regional Government announced that it would impose provisions Individuals who illegally cross the Iraqi-Syrian border can be sentenced to up to ten years in prison. Additionally, fighting on behalf of or supporting designated terrorist organizations is a crime under US law and can result in prison sentences and large fines in the United States.
She explained, "Due to security concerns, US government employees in Baghdad were instructed not to use Baghdad International Airport, due to the risks to civil aviation operating in the Baghdad Flight Information Region. The Federal Aviation Administration (FAA) extended the Special Federal Aviation Regulation (SFAR) for a period of time." "An additional two years, which prohibits some flights at altitudes below 32,000 feet." link
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Courtesy of Dinar Guru
Frank26 Major powerful countries are coming into Iraq. It's going to effect their currency exchange rate. More than anything else it will rocket their float and that when you have to be very astute. Watch it...You've got to watch the rate in the float. Know when to hold'm and know when to fold'm. Know when to backoff.
Breitling Look at the opportunity for Iraq. They're saying, 'Hey, we need to sell energy in these other currencies.' The United States is like 'No problem. We don't care. We're expanding our markets anyways.' There might have been in the past a situation where if Iraq sold energy in other currencies that we lost market share. But that's not the case coming down the road...Iraq...figured out a plan to go forward to be able to sell to as many customers as possible. That's how they want to add value to the currency is taking that route. It's good for the United States. It's good for Iraq...
Why GOLD is More Crucial NOW Than Ever: Recession Insights with Bill Holter!
Soar Financially: 10-22-2023
Bill Holter dives deep into the intricacies of the financial world, touching upon the current state of the economy, the impact of interest rates, and the pivotal role of gold.
He highlights the concerning signs in the real estate market, the effects of deficit spending, and the potential for an East vs. West financial reset.
The conversation also sheds light on China's debt situation and the true essence of what constitutes "real money".
Mathematically, Financial System Is Going Down – Bill Holter
Mathematically, Financial System Is Going Down – Bill Holter
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
Precious metals expert and financial writer Bill Holter warned in August of financial trouble coming to America sooner than later. He gave a long list that now includes a global war. Even without war, there is no stopping the financial fall that is coming.
Central banks are, once again, the biggest buyers of gold this year. What is going on? Holter says, “The central banks fully understand the math behind the financial system of the West is broken.
The Western financial system cannot survive the math. . . .Once we got to 0% interest rates on the bottom, the rates could not go down any further, and the debt continued to pile up.
Mathematically, Financial System Is Going Down – Bill Holter
By Greg Hunter’s USAWatchdog.com (Saturday Night Post)
Precious metals expert and financial writer Bill Holter warned in August of financial trouble coming to America sooner than later. He gave a long list that now includes a global war. Even without war, there is no stopping the financial fall that is coming.
Central banks are, once again, the biggest buyers of gold this year. What is going on? Holter says, “The central banks fully understand the math behind the financial system of the West is broken.
The Western financial system cannot survive the math. . . .Once we got to 0% interest rates on the bottom, the rates could not go down any further, and the debt continued to pile up.
The U.S. Treasury is going to be paying $1.5 trillion a year just in debt service. That number, a few years ago, had been around $400 billion a year. So, the debt service has quadrupled, and there are no more tricks in the bag.
Holter thinks the Fed is being forced to prop up the dollar and explains, “They have to keep interest rates up; otherwise, the dollar is going to be sold. You are already seeing that in the Treasury markets. . . . That is the reason you are seeing interest rates spike as hard as they have.
We are up to about 5% on a 10-year Treasury. . . . Because interest rates are going higher, banks are losing deposits. JPMorgan Chase has lost over a quarter of a trillion dollars in deposits. The whole banking system has lost over a trillion dollars.”
Holter points out that interest rates were effectively 0% not that many years ago. That has changed dramatically with dramatic consequences. Holter says, “We are in the biggest bear market in credit in the history of the world. In other words, we have had more losses in the credit markets than there has ever been in the history of history. The credit bubble has popped.”
Holter goes on to say, “What happens to the dollar if an aircraft carrier goes down? The value of the U.S. dollar will absolutely collapse. The credit markets will collapse. I do not want to downplay a nuclear war. It is unthinkable, but if you just look at the financial markets, it’s system over. The system is done . . . . Without credit . . . Everything runs on credit. Everything you do and everything you buy runs on credit. If credit stops, the real economy completely stops. That’s where your ‘Mad Max’ scenario comes in. . . .Everything stops once credit stops.”
Holter thinks commercial real estate is a monster problem, and, now, with 8% 30-year mortgage rates, residential real estate is going to start tumbling. This is just one of many headwinds sinking the economy.
Holter predicts, “Mathematically, from a financial standpoint only, forget about geopolitical events. Mathematically, the financial system is going to come down. I think the odds are very good that this is going to happen before the end of this year. Add in the geopolitical events, and that’s just another spark that will create fire underneath the paper the system is.”
There is much more in the 44-minute interview.
Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter for 10.20.23.
https://usawatchdog.com/mathematically-financial-system-is-going-down-bill-holter/
"Tidbits From TNT" Sunday 10-22-2023
TNT:
CandyKisses: International and international pressure to pass the oil and gas law
{Politics: Euphrates News} KDP leader, Wafaa Mohammed Karim, revealed international and international pressure to pass the oil and gas law.
“The issue of passing the oil and gas law cannot be overcome if there is no political agreement on the draft law,” Karim told {forat News}.
"At the moment there are political parties that are not served by the passage of the law, but there is international and international pressure on the government to pass the law," he added.
Karim explained, the reason for this to "Iraq's position as the second oil-producing country in OPEC by exporting 4 million and 250 thousand barrels and does not yet have an oil export law."
It is noteworthy that since the first session of the House of Representatives, in 2005, the oil and gas bill has remained locked in drawers, as disagreements prevent its final approval.
TNT:
CandyKisses: International and international pressure to pass the oil and gas law
{Politics: Euphrates News} KDP leader, Wafaa Mohammed Karim, revealed international and international pressure to pass the oil and gas law.
“The issue of passing the oil and gas law cannot be overcome if there is no political agreement on the draft law,” Karim told {forat News}.
"At the moment there are political parties that are not served by the passage of the law, but there is international and international pressure on the government to pass the law," he added.
Karim explained, the reason for this to "Iraq's position as the second oil-producing country in OPEC by exporting 4 million and 250 thousand barrels and does not yet have an oil export law."
It is noteworthy that since the first session of the House of Representatives, in 2005, the oil and gas bill has remained locked in drawers, as disagreements prevent its final approval.
After 18 years, he announced, in late August, the formation of a committee to draft an “oil and gas law and present it to the government and the House of Representatives.”
The committee formed between Baghdad and Kurdistan to draft an oil and gas law includes "the Minister of Oil, the Minister of Natural Resources in the region, the Director General of Sumo Company and the advanced staff in the Ministry of Oil, as well as the oil-producing provinces such as Basra, Dhi Qar, Misan and Kirkuk."
The Prime Minister, Mohammed Shia Al-Sudani, said at the beginning of last August that "the draft oil and gas law is one of the basic and important laws, represents a factor of strength and unity for Iraq, and it has been stuck for years, at a time that the country today is in dire need of its legislation and benefit from this natural wealth, in all fields and sectors, as well as the contribution of the legislation of the law to solving many outstanding problems."
The Prime Minister's financial adviser, Mazer Mohammed Saleh, confirmed in a press statement that accelerating the approval of the federal oil and gas project law in the House of Representatives as soon as possible will establish a stable national road map for investment and production for the country's main sovereign resource, which is oil and gas.
Iraq exports an average of 3.3 million barrels of crude oil per day, and black gold accounts for more than 90 percent of Iraq's treasury resources.
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CandyKisses: Teaching staff demonstrate in 12 cities in the region and confirm the continuation of the general strike
Baghdad today - Erbil
Hundreds of teaching staff demonstrated today, Sunday (October 22, 2023), in 12 cities in the Kurdistan region, while affirming the continuation of the general strike.
The "Baghdad Today" correspondent said, "Today, teachers launched a demonstration in 12 cities in the Kurdistan region to demand the payment of their dues, and to protest the delay in salaries."
He added that they "confirmed the continuation of the general strike until their legitimate demands are met."
He pointed out that "the teaching staff in Sulaymaniyah Governorate also launched a demonstration today to demand the payment of arrears of salaries, like the rest of their peers."
On October 19, 2023, an official source revealed that 12 cities in the Kurdistan region will witness protest demonstrations for educational and teaching staff due to delayed salaries.
The source told "Baghdad Today" that "the unified mass demonstrations will start at 10 am on October 22, 2023 in front of the directorates of education in those cities."
"The cities that will witness demonstrations are (Sulaymaniyah, Halabja, Garmian administration, Koya district, Ranieh district, Sharzor, Sayed Sadiq district, Kafri, Chamchamal district, Qal'at Dizi, Penguin district, Darbandikhan district)," he said.
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Tishwash: Where do the billions of transfers from the central bank go?
The Central Bank of Iraq's total sales of hard currency in US dollars during the past week amounted to more than $985 million.
During the past week and for the five-day period during which the auction was opened, the Central Bank sold 985 million 596 thousand and 5 dollars, at a daily rate of 184 million 462 thousand and 106 dollars, higher than what it recorded last week, which amounted to 801, 133 thousand and 899 dollars.
The highest dollar sales were on Tuesday, when sales amounted to 199 million, 829 thousand and 639 dollars, while the lowest sales were on Sunday, when sales amounted to 193 million, 925 thousand and 190 dollars.
Foreign remittance sales during the past week amounted to 776 million, 984 thousand and 105 dollars, an increase of 64% compared to cash sales, which amounted to 280 million, 613 thousand and 900 dollars.
The sales were in the form of cash and transfers abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards reached 1,305 dinars per dollar, while the selling price of transfers abroad and the cash selling price reached 1,310 dinars per dollar. link
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Tishwash: The Central Bank takes 5 measures to contain the rise in the dollar
Member of the Parliamentary Finance Committee, Mudar Al-Karawi, confirmed on Sunday that the Central Bank of Iraq has begun adopting 5 mechanisms to contain the rise in the parallel market.
Al-Karawi said in an interview with Al-Maalouma, “The difference between the dollar exchange rate determined by the Central Bank and the parallel market reaches 20%, which is a high percentage that reflects a serious state of concern because it is unstable.”
He added, "The possibility of the dollar rising is great with the demand for the parallel market in order to finance deals and travel trips for thousands of citizens," noting that "the last meeting with the management of the Central Bank revealed negative indicators and cases in some aspects in terms of securing liquidity for the dollar in order to meet all requests." Purchase,” pointing out that “the bank has begun to adopt 5 mechanisms to contain the rise in the parallel market, the most prominent of which is reducing dollarization in transactions according to specific contexts.”
He pointed out that "reducing the dollar exchange rate is very important, especially since any rise leads to great pressure on the markets and pushes prices higher, with speculators exploiting any opportunity to profit."
The dollar exchange market in Iraq is witnessing an unstable situation in light of its breaking the barrier of 160 thousand dinars per $100 link
Mot: . But It was Bugging Me!!!!
Mot: .. Yeppers! - Stick with ole ""Mot"" fer More Marital Tips!!
News, Rumors and Opinions Sunday Morning 10-22-2023
TNT:
CandyKisses: Stabilizing the exchange rate is a big process that requires changes in the commercial system and external transfer in Iraq
Shafaq News / The governor of the Central Bank, Ali Al-Alaq, on Saturday, considered the process of stabilizing the dinar exchange rate against the dollar as a "big operation" that requires changes to the Iraqi commercial system and financial transfer out of the country.
This came in a speech during the first annual banking conference hosted by the city of Erbil under the slogan "The banking sector opportunities for advancement and the future of international companies" in its first edition.
In his speech, Al-Alaq said that "the rules stipulated in the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2018, must be established, and the application of international practices and standards to preserve the integrity of the financial system from local and international risks and procedures, and to ensure the transparency and safety of financial operations."
TNT:
CandyKisses: Stabilizing the exchange rate is a big process that requires changes in the commercial system and external transfer in Iraq
Shafaq News / The governor of the Central Bank, Ali Al-Alaq, on Saturday, considered the process of stabilizing the dinar exchange rate against the dollar as a "big operation" that requires changes to the Iraqi commercial system and financial transfer out of the country.
This came in a speech during the first annual banking conference hosted by the city of Erbil under the slogan "The banking sector opportunities for advancement and the future of international companies" in its first edition.
In his speech, Al-Alaq said that "the rules stipulated in the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2018, must be established, and the application of international practices and standards to preserve the integrity of the financial system from local and international risks and procedures, and to ensure the transparency and safety of financial operations."
He added that "we reaffirm that these rules preserve the integrity of the financial system, but also protect Iraq from serious risks, and this is related to the relationship between the application of these rules and standards and the process of external transfer and the sale of dollars in various forms."
Al-Alaq added that "there is a close relationship between the consolidation of these standards and the flow of conversion operations, and maintaining the stability of the exchange rate, as far as this commitment, we can determine monetary stability, and the stability of the exchange rate, which is a major process that requires a lot of changes and the reorganization of the commercial system in Iraq, the external transfer system and the related to do so," noting that the Central Bank "goes this process in daily details until it leads us to the right and correct way and opens every day a new channel to facilitate and accelerate this process."
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CandyKisses: What are the economic consequences for the world if Iran blocks the transit of oil and gas?
Baghdad Today - Follow-up
The war between Israel and the Islamist group Hamas has raised the risk of a wider conflict in the region in which Iran and other factions in the region could be embroidered.
Analysts and market watchers say the conflict could prompt the United States to tighten sanctions on Iran, prompting Tehran to take retaliatory measures against ships in the Strait of Hormuz.
The Marshall Islands, one of the world's most flagged countries, last week noted the growing threat of attack within Israeli territorial waters, the Persian Gulf, the Strait of Hormuz, the Gulf of Oman and areas bordering the Red Sea for ships with links to Israel or the United States.
Here are some details about the street:
* What is the Strait of Hormuz?
-This straight separates Iran and Oman.
- It connects the Arabian Gulf in the north and the Gulf of Oman and the Arabian Sea in the south.
- The strait is 33 kilometers wide at its narrowest part, but the shipping lane is only three kilometers wide in both directions.
The UAE and Saudi Arabia are seeking other ways to avoid the strait, including more oil pipelines.
* Why is it important?
About one-fifth of the world's oil consumption passes through the strait every day.
Data from analytics firm Vortexa showed that an average of 20.5 million barrels per day of crude oil, condensate and petroleum products passed through the Strait of Hormuz from January to September 2023.
Most crude exports from Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq, all members of the Organization of the Petroleum Exporting Countries (OPEC), pass through the strait.
- Almost all of Qatar's LNG production also passes through the straight. Qatar is the world's largest exporter.
Vortexa said about 80 million tons, or 20 percent, of the world's LNG flows pass through the strait each year.
JPMorgan said in a note last week, "If the conflict expands to include the closure of the Strait of Hormuz, the world's busiest oil shipping channel, it will halt oil trade in the region, driving up oil prices."
"More importantly, despite Iran's threats over the past years to close the strait, it has never done so."
* Impact of US sanctions
- The United States imposes sanctions on Iran with the aim of stopping its oil exports.
- Iran has threatened to disrupt oil shipments through the Strait of Hormuz if the United States tries to strangle its economy.
The US Fifth Fleet based in Bahrain is tasked with protecting merchant ships in the region.
* Increased tension
- The Israeli army is preparing to launch a ground invasion with the aim of eliminating Hamas, raising the risk of a broader conflict.
On Wednesday, Iranian Foreign Minister Hossein Amir Abdollahian appealed to Islamic countries to impose an oil embargo and other sanctions on Israel, but OPEC sources ruled out such a scenario.
In 1973, Arab oil-producing countries led by Saudi Arabia imposed an oil embargo on Western supporters of Israel in its war with Egypt, targeting Canada, Japan, the Netherlands, Britain and the United States.
Although Western countries were the main buyers of crude produced by Arab countries at that time, today Asia is the main buyer of OPEC crude.
* Previous incidents witnessed in the Strait of Hormuz
During their war between 1980 and 1988, both Iraq and Iran sought to obstruct the other country's oil exports in what was known at the time as the tanker war.
In July 1988, the US battleship Vincennes shot down an Iranian plane, killing all 290 people on board. Washington called it an accident, while Tehran said it was a deliberate attack.
In early 2008, the United States said Iranian boats had threatened three US Navy ships in the strait.
In July 2010, the Japanese tanker M-Star was attacked in the strait. A militant group known as the Abdullah Azzam Brigades, which is linked to al Qaeda, claimed responsibility for the attack.
In January 2012, Iran threatened to close the Strait of Hormuz in response to US and European sanctions targeting its oil revenues in an attempt to halt Tehran's nuclear program.
In May 2015, Iranian vessels seized a container ship in the strait and fired shots at a Singapore-flagged tanker that reportedly destroyed an Iranian oil platform.
In July 2018, former Iranian President Hassan Rouhani hinted that his country might disrupt the passage of oil through the Strait of Hormuz in response to US calls to reduce Iran's oil exports to zero.
In May 2019, four ships, including two Saudi oil tankers, were attacked off the coast of the UAE near Fujairah outside the Strait of Hormuz.
In January 2021, Iran detained a South Korean-flagged tanker in Gulf waters and arrested its crew members.
In December 2022, the US military said that an IRGC boat came within 150 yards of US warships in the strait.
In May 2023, Iran detained two oil tankers as they passed through the street.
In July 2023, the US Navy said it intervened to prevent Iran from detaining two commercial tankers in the Gulf of Oman.
The navy said in a statement that Iran had "harassed, attacked or detained about 20 merchant ships flying international flags" since 2021.
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Courtesy of Dinar Guru https://www.dinarguru.com/
Militia Man When people say there's not too much progress going on - well some of these things take a long time to put together and most of them are coming into fruition as we speak.
Frank26 Question "Many years ago Dr. Shabibi said the dinar would be able to support it up to $16. Would that still be true for the RI?" No, it's far past that but it would be illogical to come out at $16 or $28 or whatever. You need that margin for the float. You don't need it to show off. That's what Kuwait did and they realized their mistake...The next day they brought it back down very quickly. It gave a window for sharks and whales...and they made massive amount of money. Obviously it was done on purpose. And obviously the IMF doesn't allow that to happen again.
Iraq Economy Update/ "Iraq ready to join BRICS group" - PM
Desert Advisors: 10-22-2023
Latest update regarding Iraq's economic improvements. WTO, Debts, BRI, Oil Pipeline, P.M Al-Sudani "Iraq is ready to join BRICS group"
Iqd this is what we looking for
Nader: 10-22-2023
I love it when they talk about exchange rate and commercial equal purchasing Power
Currency Insider Iraqi Dinar Updates Saturday Evening 10-21-23
Currency Insider Iraqi Dinar Updates Saturday Evening 10-21-23
Central Bank Of Iraq Confirmed It’s A Big Move
Vietnam Dong Today Update
Currency Insider Iraqi Dinar Updates Saturday Evening 10-21-23
Central Bank Of Iraq Confirmed It’s A Big Move
Vietnam Dong Today Update
Central Bank Of Iraq Confirmed It’s A Big Move
Vietnam Dong Today Update
More News, Rumors and Opinions Saturday PM 10-21-2023
KTFA:
Clare: The launch of the first banking conference of the Central Bank of Iraq in Erbil
10/21/2023
Erbil - INA - Evan Nasser
The first banking conference of the Central Bank of Iraq began today, Saturday, in Erbil Governorate.
The correspondent of the Iraqi News Agency (INA) said: “The work of the first banking conference of the Central Bank of Iraq began in Erbil, under the slogan (the banking sector, growth opportunities and the future of international companies), in the presence of the Governor of the Central Bank, Ali Al-Alaq.”
KTFA:
Clare: The launch of the first banking conference of the Central Bank of Iraq in Erbil
10/21/2023
Erbil - INA - Evan Nasser
The first banking conference of the Central Bank of Iraq began today, Saturday, in Erbil Governorate.
The correspondent of the Iraqi News Agency (INA) said: “The work of the first banking conference of the Central Bank of Iraq began in Erbil, under the slogan (the banking sector, growth opportunities and the future of international companies), in the presence of the Governor of the Central Bank, Ali Al-Alaq.”
Our correspondent added, "The conference was attended by the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, the Second Deputy Speaker of the House of Representatives, Shakhwan Abdullah, and a large number of political, economic and business figures." LINK
Clare: The Governor of the Central Bank sets criteria to achieve exchange rate stability
10/21/2023
The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Saturday, the progress of several measures to move to the digital economy in direct coordination with Prime Minister Muhammad Shiaa Al-Sudani, while pointing to standards that maintain the stability of the exchange rate.
Al-Alaq said, in his speech during the first banking conference of the Central Bank of Iraq, that “the conference is being held within the framework of continuing efforts to strengthen the banking sector to achieve a stable, safe and effective financial system in light of the rapid changes, developments and challenges that the world is witnessing in the transformations of the structure, financial systems and work rules and the accompanying changes.” Significant progress in the use of financial technologies.”
He added, "Following developments to arrange priorities in the infrastructure of financial systems and business rules is the strategic goal to employ this experience in the right and safe directions and to study the risks associated with it."
He continued, "This is done through: consolidating the compliance rules stipulated in the Anti-Money Laundering and Combating the Financing of Terrorism Law No. 39 of 2015, and applying international practices and standards in a way that preserves the integrity of the financial system from local and international risks and procedures, and in a way that ensures the transparency and safety of financial operations, as well as the transition... From cash economy to digital economy.
He pointed out that "these rules are what preserve the integrity of the financial system, and even protect Iraq from serious risks," noting that there is "a close relationship between the application of these standards and the smooth flow of transfer operations and maintaining the stability of the exchange rate."
He noted that "the phenomenon of the monetary economy constitutes a major obstacle to the optimal employment of cash and the development and stimulation of the economy, and a major challenge to achieving the objectives of monetary policy in achieving monetary stability. It also weakens control and oversight of the movement of funds and increases the risks of financial crimes and illicit practices."
He stressed that "many measures are being worked on regarding the transition to the digital economy, in direct and continuous coordination between the government represented by Prime Minister Muhammad Shiaa Al-Sudani personally, the Central Bank, and the relevant authorities."
This Saturday morning, the first banking conference of the Central Bank of Iraq began in Erbil Governorate. LINK
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Courtesy of Dinar Guru https://www.dinarguru.com/
Militia Man Iraqi-Saudi coordination council has played a major role with their bilateral relations. Iraq is doing a good job. If you've noticed in the news, Iraq is a mediator. It's almost like the Switzerland of the Middle East. Kudos to Al-Sudani...
10-21-2023
Intel Guru Frank26 The goal is to get to 1 to 1 for what reason? To add purchasing power. There is the key, to add purchasing power to the currency of Iraq. I didn't say the Iraqi citizens are going to get rich. I said to add purchasing power to buy good and services with their currency...
Jim Willie: Gold, Silver To Rise To Forefront As Treasuries Break Down
Arcadia Economics: 10-21-2023
For years, Jim Willie has warned about an exodus out of the US bond market, and at the rate yields have soared over the past month, we may be seeing the beginning stages of such an event. Yes, there are inflation concerns and nervousness around further potential Federal Reserve interest rate hikes.
But the accelerating deficits and debt-loads, in addition to the new supply that's scheduled to come online in the coming months and years, have entered us into a new era of awareness that Washington has hit a problem.
So in today's show Jim Willie talks more about the issues in the treasury market, how he sees gold and silver playing a bigger role going forward, and some potential issues he is anticipating regarding the COMEX.
He also digs into the dynamics in Japan, where the Yen-Dollar exchange rate is pushing up against the 150 level, and how that's interconnected with the US dollar and treasury markets.
It's another information packed call with Jim, and to find out what he had to say, click to watch the video now!
Currency Insider Iraqi Dinar Updates Saturday AM 10-21-23
Currency Insider Iraqi Dinar Updates Saturday AM 10-21-23
Dinar Currency Sellers News Update
Iraqi Dinar New Exchange Rates Update Ali Alaq Speaks Now
Currency Insider Iraqi Dinar Updates Saturday AM 10-21-23
Dinar Currency Sellers News Update
Iraqi Dinar New Exchange Rates Update Ali Alaq Speaks Now
Dinar Currency Sellers News Update
Iraqi Dinar New Exchange Rates Update Ali Alaq Speaks Now
"Tidbits From TNT" Saturday 10-21-2023
TNT:
Al-Alaq: Stability of the exchange rate requires changes in the Iraqi commercial system
Central Bank Governor Ali Al-Alaq considered, on Saturday, the process of stabilizing the exchange rate of the dinar against the dollar as a “major process” that requires changes to the Iraqi commercial system and financial transfers outside the country.
This came in his speech during the first annual banking conference hosted by the city of Erbil under the slogan “The banking sector, opportunities for advancement and the future of international companies,” in its first edition.
Al-Alaq said in his speech, “The rules stipulated in the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2018 must be consolidated, and international practices and standards must be applied in a way that preserves the integrity of the financial system from local and international risks and procedures, and in a way that ensures the transparency and integrity of financial operations.”
TNT:
Al-Alaq: Stability of the exchange rate requires changes in the Iraqi commercial system
Central Bank Governor Ali Al-Alaq considered, on Saturday, the process of stabilizing the exchange rate of the dinar against the dollar as a “major process” that requires changes to the Iraqi commercial system and financial transfers outside the country.
This came in his speech during the first annual banking conference hosted by the city of Erbil under the slogan “The banking sector, opportunities for advancement and the future of international companies,” in its first edition.
Al-Alaq said in his speech, “The rules stipulated in the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2018 must be consolidated, and international practices and standards must be applied in a way that preserves the integrity of the financial system from local and international risks and procedures, and in a way that ensures the transparency and integrity of financial operations.”
He added, "We emphasize once again that these rules are what preserve the integrity of the financial system, and even protect Iraq from serious risks, and what is related to this matter is the relationship between the application of these rules and standards and the process of external transfer and the sale of the dollar in various forms."
Al-Alaq added, “There is a close relationship between establishing these standards and the smooth flow of transfer operations, and maintaining the stability of the exchange rate. To the extent of this commitment, we can determine monetary stability and exchange rate stability, which is a major process that requires making many changes and reorganizing the commercial system in Iraq.”
And the external transfer system and what is related to that,” noting that the Central Bank “is going through this process in daily details until it leads us to the right and correct path, and every day it opens a new channel to facilitate and accelerate this process.” link
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CandyKisses: From Erbil. Al-Handal announces the opening of the "Iraqi Banking Conference in the Kurdistan Region"
From Erbil. Al-Handal announces the opening of the "Iraqi Banking Conference in the Kurdistan Region"
Economy News - Baghdad
The head of the Iraqi Private Banks Association, Wadih al-Handal, announced on Saturday the launch of the work of the "Iraqi Banking Conference in the Kurdistan Region."
In his speech, Al-Handal said: "I am pleased to welcome you with the most beautiful welcome from Erbil, the capital of the Kurdistan Region, and to convey to you my greetings, my brothers and colleagues, the chairmen of the boards of directors in private banks, the authorized managers and the executive management of the Association of Iraqi Private Banks (the Iraqi Banking Conference in the Kurdistan Region) under the patronage of the President of the Regional Government, Masrour Barzani, and announced the opening of the conference for its work on 21/10/2023."
He added: "Today, through the sessions of this conference, we will focus on important axes, including: -
The role of the banking sector in supporting growth and stimulating investment, and the importance of transforming the country into an attractive environment for internal and external investments in all sectors, the great opportunities available in this field and innovative solutions that will stimulate the private sector, and we will also address the obstacles that hinder this goal, including the provision of the necessary financing for investment projects and the consequent provision of job opportunities and growth in the private sector to mitigate of the constant pressure on the government's operating expenditures, which we must pay close attention to."
- We will also discuss the duty of developing the banking sector for its international relations and the role of the Central Bank in this field, and the plans set to reform, improve and equip the banking sector to be able to meet the future demand for diversified banking services and to be a strong alternative to the government banking sector in a more organized and flexible manner and in line with the latest international standards in the field of compliance, combating money laundering, technology adoption, and developing human capabilities.
"In light of the great acceleration of events and challenges in the world, there has recently been a significant development in the field of the structure of the banking sector, through the plans set by the Central Bank of Iraq and clear government programs for digital transformation on both sides of transactions and payments, and through the continued implementation of these plans at a rapid pace, this will lead to the emergence of significant positive results that greatly affect the economy in our country," he said.
"We aspire to come out of this conference with a common and future vision based on the importance of uniting efforts to improve the reality of the economy and improve the standard of living of our countrymen," concluded his speech
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Tishwash: What is the importance of the “electronic platform” in the Iraqi Central Bank’s transactions? A specialist explains
Today, Saturday (October 21, 2023), banking affairs specialist Hammam Al-Shamaa revealed the importance of the “electronic platform” in the Central Bank’s transactions to sell the dollar.
Al-Shamaa told “Baghdad Today” that “there is great importance in using the (electronic platform) in the Central Bank’s dealings with the sale of the dollar,” noting that “this platform prevented many illegal sales of the dollar as was happening previously, and it also prevented "A lot of currency smuggling operations abroad."
He explained that "Iraq cannot stop working on the electronic platform, because it was imposed on it by the US Federal Reserve, and this imposition came in order to prevent any incorrect external transfers, whose goal is only to transfer the dollar to Iraq."
Al-Shamaa confirmed, “After working on this platform, many of these operations were stopped, and for this reason some people began to rely on black transfers through some companies to extract dollars.”
On May 10, 2023, the Central Bank confirmed that it would continue to meet companies’ requests and finance the personal needs of all citizens.
A statement from the Central Bank, received by (Baghdad Today), said, “The bank continues to meet companies’ requests (financing their imports of goods and services), in addition to financing the personal needs of all citizens, such as travel, treatment, and study, through the electronic cash platform, and meeting the requests of banks and electronic payment companies to enhance... Their balances are to cover electronic payment card settlements (Visa, MasterCard) at the official exchange rate of 1,320 dinars per dollar.”
On (February 19, 2023), the Central Bank of Iraq announced a directive to licensed banks, exchange companies, and brokerage companies buying and selling foreign currency, to apply via the electronic platform to obtain their prescribed share of the foreign currency “dollar.”
According to a document issued by the Iraqi Central Bank, it stated, “The electronic platform for the cash sale of foreign currency (FITR) must be approved as of Monday, February 20, 2023.” link
Mot: It's called motivation!
Mot: .... Before I Was a Mom!!!!!
Weekend News with MarkZ 10-21-2023
Weekend News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning future Millionaires
Mod: GUYS. THE FIRST 45 MINS. CBD MATT AND LUCAS ,THEN JOIN MARK FOR THE NEWS UPDATE
MZ: It has been dead silent out of Iraq. I am getting phones that are not on or goes straight to voice mail. I am hoping that is good news but do not want to read to much into that.
MZ: Mr. C has not been paid. No news on CMKX or Prosperity Packages. So for the most part it’s a nothing burger.
Weekend News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning future Millionaires
Mod: GUYS. THE FIRST 45 MINS. CBD MATT AND LUCAS ,THEN JOIN MARK FOR THE NEWS UPDATE
MZ: It has been dead silent out of Iraq. I am getting phones that are not on or goes straight to voice mail. I am hoping that is good news but do not want to read to much into that.
MZ: Mr. C has not been paid. No news on CMKX or Prosperity Packages. So for the most part it’s a nothing burger.
MZ There are some interesting articles from Iraq. “ Teachers in Iraqi Kurdistan strike over delayed salaries” This is all part of the HCL stuff and the money that is supposed to be flowing to the Kurdish region. They have a urgent need to get this thing done so they can meet their obligations and take care of their people. This new government over there does care about their people and they are working hard to fix things…..
MZ: In Iraq they are reporting “10 year treasury yield hits 5% the first time since July 2007” If you don’t remember 2007 –that is when the financial crisis actually occurred. We usually reference 2008 because that is when the government started responding. It was to late of course. But the crash and bubbles popped in 2007
MZ: This is a key thing to watch because these are key indicators. You see Iraq talking about it in their own local papers…..It means Iraq is worries about the US economy
MZ: It’s important that Iraq…in the middle East is watching the US financial woes….The US is going to need money…and need it quick or they are facing financial ruin.
MZ: You look at those two articles you see that the US needs it and Iraq needs it. The world needs it. Let this thing go.
MZ: The world is seeing bank closings, bank failures, and bank runs…..We are watching a larger than 2008 crash and its happening now……the world needs this reset.
MZ: “Huntington banks to close 34 branches including 3 in Cleveland in 2024”
Member: The currency dealers did not stop selling on Ebay, I checked the number of Iraq Dinar, Vietnam Dong, Zimbabwe 100 Trillion notes Friday morning and they are almost exactly the same this morning.
Member: I was sure hoping that was a true rumor.
Member: Charlie Ward has said numerous times that they are going to collapse the world economy before this RV will happen
Member: .. the hardest part of any foot race is nearing the finish line ... give it all you got ...
Member: Mark, thank you for an awesome podcast and mods. I have no idea how you do it day in and day out. You are so spectacular..... and needed
Mod: FOR THOSE OF YOU WHO CAN JOIN. AN EXTRA PODCAST TODAY AT 3:30 PM EST. CHARLIE WARD JOINS MARK.
Mod: HAVE A BLESSED DAY ALL! DO SOMETHING FUN TODAY AND BE KIND TO YOURSELF!
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
News, Rumors and Opinions Saturday 10-21-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 21 Oct. 2023
Compiled Sat. 21 Oct. 12:01 am EST by Judy Byington
Judy Note:
Since 1913 US Taxpayers have been paying taxes on money they earned, taxes on money they spend, and taxes on things they own that they have already paid taxes on with already taxed money – and they are paying those taxes to the Deep State Cabal through the Cabal’s privately owned Federal Reserve and IRS – which charges the US taxpayers interest to use their own monies to pay the Cabal-controlled federal employees.
The ‘Revaluation’ of all currencies is HERE. The fleeing Deep SState have lost control of the world financial system. ALL the major ‘Oil-Producing’ countries have joined BRICS+ & they are primarily Arab countries.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 21 Oct. 2023
Compiled Sat. 21 Oct. 12:01 am EST by Judy Byington
Judy Note:
Since 1913 US Taxpayers have been paying taxes on money they earned, taxes on money they spend, and taxes on things they own that they have already paid taxes on with already taxed money – and they are paying those taxes to the Deep State Cabal through the Cabal’s privately owned Federal Reserve and IRS – which charges the US taxpayers interest to use their own monies to pay the Cabal-controlled federal employees.
The ‘Revaluation’ of all currencies is HERE. The fleeing Deep State have lost control of the world financial system. ALL the major ‘Oil-Producing’ countries have joined BRICS+ & they are primarily Arab countries.
Global Currency Reset:
Thurs. 19 Oct. Bruce: Currency Sellers have been advised they were no longer able to sell currencies after 11:59 pm Fri. night 20 Oct. Central Daylight time. Once the Currency Sellers stopped being able to sell, Tier4b (us, the Internet Group) would go. The optimal time we could be notified was Sat. morning 21 Oct.
Wed. 18 Oct. MarkZ: “On the Bond side there are some with appointments this Friday (20 Oct.) and they are expecting full funding. There are also a couple appointments for over the weekend.
Wed. 18 Wolverine: All operations will be (allegedly) closing by Fri. 20 Oct. which means you can’t buy any more bonds. The launch algorithms were ready to go on Mon. 16 Oct. Dubai 1 has been released and Dubai 2 could be finished by now. Banks completed the remaining layers of payments overnight Sun. 15 Oct.
Wed. 18 Oct. TNT: The window for the rate change was still open. It can still be at any minute.
Assets in Eight Iraqi Banks More Than 13 Trillion: https://iraqidinarchat.net/an-economic-institution-indicates-that-assets-in-8-iraqi-banks-have-risen-to-more-than-13-trillion-dinars/
Global Financial Crisis:
The BRICS Alliance was on the move with their own currencies using digital payments. By doing this, purchasing will be instantaneous and very easy for the BRICS nations. They represent a large percentage of the world’s economies! Remember Operation Sandman? By not using the fiat U.S. dollar anymore, it will cripple and devalue it. This will hurt our economy. The more your own currency is used, the higher it is valued. That is why Iraq is making their citizens use the Dinar and not U.S. dollars.
Greatest Financial Loss in World History: https://beforeitsnews.com/economy/2023/10/the-greatest-financial-loss-in-world-history-millions-will-be-devastated-g-edward-griffin-3097312.html
Hunting Bank Closes 26 Branches – is yours next? https://www.dailymail.co.uk/yourmoney/banks/article-12654557/Huntington-closes-26-branches-michigan-minnesota.html
EBS
Thurs. 26 Oct: I work for a company that is one of the systematically important ones for the financial system, and they just announced they are testing their emergency broadcast system on 26 Oct. we just had a test about a month or two ago too. Not sure what it means but I can tell you our company is not a bank, we handle all the trades and financial transactions for the markets.
Read full post here: https://dinarchronicles.com/2023/10/21/restored-republic-via-a-gcr-update-as-of-october-21-2023/
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Courtesy of Dinar Guru
Walkingstick Everything is there for the citizens concerning the monetary reform. Everything is in its position. Everything is ready to go. They may be waiting for more Iraqi citizens to open bank accounts...maybe they're waiting for more accounts to open up because that's how they're going to deliver the HCL.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq is on TV. He says it's simple - The dollar exchange is high due to the black market. Period. End of discussion. However he says the end of the black market will be seen and there's no truth to Iraq printing a new currency. That is totally untrue. We have what we need. We have reserves to back up the dinar and when the black market is dealt with the exchange area will be stable.
FED Policy Error to Intensify Bond Carnage? with Jim Bianco
WTFinance: 10-21-2023
On this episode of the WTFinance podcast I had the pleasure of welcoming on Jim Bianco - President and Macro strategist at Bianco Research. On this episode we spoke about increasing yields on the long end, the new normal, why this could lead to higher inflation for longer, economic indicators that Jim believes show the new normal, assets to outperform current situation and more.
0:00 – Introduction
1:19 - What is Jim currently watching?
5:14 - Why would a pivot increase yields on the long end?
13:44 - What level will bonds have to be for the FED to intervene?
17:19 - Have economist been caught of guard by the new normal?
22:04 - Current economic indicators to watch?
26:19 - Will fiscal spending remain the same?
29:43 - What assets outperform current scenario?
36:34 - One message to takeaway from our conversation?