Sudanese sets a vision to facilitate borrowing from banks, 6 JUNE

Sudanese sets a vision to facilitate borrowing from banks

Baghdad-Mail  

Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, that the government has set a vision that will be reflected in the form of measures in the financing aspect and facilitating borrowing from banks.

Al-Sudani’s office said in a statement received by “Mail”, that “Prime Minister Muhammad Shia’ al-Sudani opened the work of the second specialized workshop to support the private industrial construction sector, during which a cooperation agreement was signed between the Trade Bank of Iraq  (TBI ) and the German Export Credit Corporation, to finance the sector’s projects.” The private development sector, within the government’s sovereign guarantees initiative, and a letter of authorization was signed to finance the project to establish a plate glass factory in the Najaf Governorate in the amount of 110 million euros, between the Iraqi Trade Bank and the German banks (Commars Bank) and (Aka Bank).

She added that the Sudanese “reviewed an exhibition that included the private industrial sector’s products of construction materials, praising the efforts made to provide them.”

Al-Sudani stressed, according to the statement, during his speech that “the main goal of this workshop is to emphasize the need for construction industries,” pointing to “government support for the industrial sector, and removing the problems and obstacles that obstruct this vital sector, which represents a fundamental engine of the economy, and helps in addressing the problem.” Unemployment by providing job opportunities.

He noted that “supporting the Ministry of Industry and industrialists and all the decisions required by the Council of Ministers are on their way to implementation,” stressing that “8 projects are on their way to implementation in light of the provision of sovereign guarantees to support the private sector.”

He pointed to “the important package issued by the Council of Ministers yesterday, which included measures related to supporting the industrial sector, including those related to providing land for the construction of projects, and providing the necessary fuel for operation,” stressing that “the government has put in place measures to improve the business environment, expand electronic payment and collection, and improve Tax accounting procedures and automation of customs procedures.

Al-Sudani explained, “This package was completed through discussion with the relevant departments as it was discussed in the Council of Ministers, and greater powers were granted to the competent departments in the Ministry of Industry to overcome any red tape or delay, and he directed that a periodic report be presented to monitor procedures in the event of obstruction or diligence.”

The statement added, “In appreciation of the Prime Minister’s position in support of industrialists, which resulted in the package of decisions taken by the Council of Ministers yesterday, the Federation of Industries decided that June 4 would be National Industry Day.”

The following are the most important things that were stated in the Prime Minister’s speech during the opening of the workshop:

Sovereign guarantees provided financial support from German, Italian and Japanese financial institutions, amounting to $200 million.

There are understandings with the French side amounting to 1 billion euros, for the construction of industrial projects within the private sector.

Networking steps and implementing the ASYCUDA system are an important step in automating customs and facilitating the entry of goods.

Tax accounting procedures witnessed a jump due to the facilities provided.

We are on the verge of a qualitative shift in company registration procedures through electronic procedures.

We have defined a vision that will be reflected in the form of measures on the financing side and facilitating borrowing from banks.

We are studying the reform of the Industrial Bank to be an effective tool in implementing plans and programs that drive industrial development.

These agreements are an important indicator of external contributions to the Iraqi economy, specifically in the industrial sector.

We are engaged in the housing and construction sector in general, and this requires extensive construction materials.

The available factories for various construction materials cover only a quarter of the need according to the projects that will be undertaken, especially residential city projects.

https://miliq.news/political/31157–.html

" Could they be heading into June for the redenomination of the three zero notes?" BY MNT GOAT, 6 JUNE

 Mnt Goat

   This month I believe is going to be a critical month for us investors...  Article:  "CENTRAL BANK: THE ISSUANCE OF NEW MONETARY DENOMINATIONS WILL NOT AFFECT THE DINAR EXCHANGE RATE” 

 I would consider this “WOW!” news.  Quote:  "... the issuance of new cash denominations, large or small, will not affect the dinar exchange rate."   

If the CBI drops the zeros (project to delete the zeros) the rate of the dinar will remain the same in-country of Iraq. 

 It only changes when the reinstatement back to FOREX occurs...the value is already in the dinar... only the rate, right now, does not reflect the true rate... Why...on May 27th did the CBI make this announcement about the issuance   of newer lower denominations?  

 Could they be heading into June for the redenomination of the three zero notes?

---

 Article quote:  “The budget is not affected by the rise or decline in dollar exchange rates, because Iraq will receive the dollar from the export of oil, and on the contrary, revenues increase as dollar prices increase globally,”   The rate of the dollar to the dinar will NEVER be in the budget...NOT GOINGTO HAPPEN! ...The budget is dependent on the price of oil.

---

 "The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed...the effort to open more prospects for work with correspondent banks, while indicating that the joint committee with the American side regarding the banking sector will begin its work next week."   Folks this is all positive news and exactly what we should expect to see at this point in time. Yes, it is now all about the Banking Reforms. This is what is going to get the dinar to officially pass the dollar. We already know the value is greater and so now we just need to go through the motions to get it recognized to its true value.

---

Q & A

Question from Suki:

Hi Mtn Goat,
I was wondering this as well. If I remember correctly mid year, June, was also a feasible option. But you did mention January.  I am trying to stay grounded, but my Wings are flapping as fast as the news is in Iraq. If policies continue to move as fast as they are, Do you think we still have to wait another 6 months since January is the best time for them to make a fiscal change?
----Thank you

Question from ashleypikes:

Thank you MG for a very exciting report today, yes the train is moving rapidly. As you mentioned we have moved into the second stage of financial an monetary reform. My question to you today is just how many more stages of reform are needed. It seems something is always added to the list in Iraq. You said not years to complete, however that is still a long time an since your contact has not given any timeframe which is proper conduct,, do we have to Wait till Biden is out or God forbid re-elected. Have you changed your tune in that scenario , thank you an blessings on you. We continue to wait ..

Answer Mnt Goat:

Guten tag Suki and ashleypikes. Seem both of these questions evolve around the timing of the RV. I will answer both now. As I have said a thousand times if not a million times in the last decade of my Newsletter – DO NOT DWELL ON THE TIMING. What good does this do for you? No one and not even the CBI knows the timing ,,,,get it? There is no such thing as delays it is all in your head. When the time is right Iraq will reinstate. There are other events that must proceed FOREX and I have reviewed these also many times. Don’t you get it by now? 

Instead pay attention to the events as the reinstatement is a “byproduct” of the Financial Reforms more specifically Banking Reforms now underway. Did you reference the information I sent you on the Pillars of Financial Reform? Did you go read the White Paper? If you did then why are you asking me questions now on the timing of the RV? I do not in my heart believe that Biden will allow this event to occur.His administration may surprise us. we have had many surprises along this journey. It’s what you don’t know or what you think you know that will haunt you later.

Will we have to wait until January? It is a possibility, but I believe we may see it way before then. Oh… but you say the election is not until November and so Biden will still be around. Read between the lines folks,,, will you! I am saying he might not be around by then…get it? Why in hell do I spend all this time presenting the prophets and what God has to say about all this? Some say the U.S. has already signed off on it and we heard this a hundred times over too. Its all nonsense by nonsensical idiots trying to guess the RV timing. That is all it is. Get it? I am not going go there. If this is what you want then there are many idiot intel gurus out there that you can follow.

https://dinarevaluation.blogspot.com/2024/05/q-with-mnt-goat-29-may.html

I wanted to share an interesting conversation I had...with my CBI contact this past Wednesday...I was told that the committee to work on the Project to Delete the Zeros has sent the CBI prepared articles to the news media for the sake of educating the citizens on the upcoming process. However, they are dated and so they are for the near future and not for current news.  Yes, they are getting ready and moving ahead.

...we read three articles about the CBI official rate equaling the Parallel or Black market rate in the coming days. WOW!...Saleh, the prime minister’s financial advisor, then goes on to say this will make one dinar equal to one dollar in Iraq. WOW! ...I was told by my CBI contact months ago to watch for right before the CBI makes one more “official” rate change closer to 1000 from 1320. If you take 1000...and delete the three zeros 1000 what do you have?  Of course, you have a situation of 1 dinar equals 1 dollar...But I believe that when they CBI does make this next official rate change it will move closer to 1166 and not 1000 which would make 1 dinar = 1.16 dollars just over a dollar to help the banks retrieve these dollars hoarded outside of the banks...   Let’s sit tight and watch this play out.

 Samir Al-Nusairi, the Central Bank announced that it will launch the national lending strategy on 5/25/2024, which is a clear announcement of the beginning of the second phase of its banking reform strategy...CBI announces it has completed the first phase of it by...building solid international banking relationships with international banks and correspondent banks. Get ready….

 The UN, IMF and World Bank all on one day, Thursday, noted significant progress that Iraq has made in recent years, despite ongoing challenges. The reinstatement spigot has been opened. The direction is now clear.

So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news...much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. ...In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW!  ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open! ...The reinstatement is coming...Folks, it is now EXPLODING!  

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-mnt-goat-23-may.html

So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news...much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. ...

In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW!  ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open!...The reinstatement is coming...Folks, it is now EXPLODING!  

 Folks just remember I am telling you that Iraq already has a value to the dinar way above the 1/6 of a penny. They do not have to develop the private sector to raise the dinar, the economy or...export more products... 

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-mnt-goat-22-may_0247460925.htm

Iraqi Dinar🔥 IQD Set For International Recognition With Big Exchange Rat...

The region responds to Baghdad’s call regarding the resumption of oil exports, 6 JUNE

The region responds to Baghdad’s call regarding the resumption of oil exports

The Council of Ministers of the Kurdistan Regional Government discussed today, Wednesday, the latest developments related to the issue of resuming the process of exporting the region’s oil.

A statement by the regional government, a copy of which was received by Al-Furat News, was conveyed that Prime Minister Masrour Barzani spoke during the meeting and the negotiating delegation about the meetings, efforts and procedures for resuming oil exports, noting the continuation of meetings with the federal government with the aim of resuming the export process as soon as possible.

In this context, the statement indicated that “a delegation from the regional government and oil companies is scheduled to visit Baghdad early next week at the invitation of the Federal Ministry of Oil, to discuss finding a mechanism to overcome all obstacles that hinder the resumption of oil exports, which unfortunately have caused billions of dollars in losses to the governments of Iraq.” And the Kurdistan Region since the suspension of the export process in March of last year.
The meeting stressed the directives of the Council of Ministers to the negotiating delegation, which stipulate an emphasis on the serious position of the Kurdistan Regional Government in its endeavor to reach a comprehensive and balanced agreement as soon as possible and in accordance with the constitution, to resume the export of the region’s oil through a company. (SOMO) and depositing its revenues in the service of the public treasury, provided that this is achieved based on the constitutional foundations and taking into account the privacy and powers of the region. In this regard, the regional government is ready for dialogue and negotiation to reach an agreement.

On May 28, the Federal Ministry of Oil called on the Ministry of Natural Resources in the Kurdistan Region and the international companies operating the fields located in the region to hold a meeting in Baghdad as soon as possible for the purpose of discussing and discussing the issue and reaching an agreement to accelerate the restart of production and resume the export of oil produced through the Turkish port of Ceyhan and according to the proven quantities. In the budget law.

https://alforatnews.iq/news/%D8%A7%D9%84%D8%A5%D9%82%D9%84%D9%8A%D9%85-%D9%8A%D8%B1%D8%AF-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D8%A8%D8%B4%D8%A3%D9%86-%D8%A7%D8%B3%D8%AA%D8%A6%D9%86%D8%A7%D9%81-%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%86%D9%81%D8%B7

"RV UPDATE" BY MNT GOAT, 6 JUNE

 

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

🔥 Iraqi Dinar 🔥 This Step is Crucial 🔥Today News Guru Intel Update Value...

"THE MONETARY REFORM OF DR. SHABIBI SURPRISES THE ODDS!!!" BY FRANK26, 5 JUNE

 KTFA

FRANK26:"THE MONETARY REFORM OF DR. SHABIBI SURPRISES THE ODDS!!!"............F26

Financial inclusion in Iraq: a success story that defies the odds

6/4/2024

 

In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money spread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.

 

To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.

The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment. In 2009, total deposits in Iraqi banks amounted to $8.05 billion, and this number rose to $76.5 billion in 2021. This significant increase is largely due to the company’s efforts to enhance confidence in the banking system and encourage citizens to save.

This significant increase in deposits clearly reflects the effective role played by the company in stimulating the culture of savings and encouraging citizens to deposit their money in banks instead of keeping it at home. These numbers indicate that the Iraqi Deposit Insurance Company is on the right track towards achieving its strategic goals, which are enhancing financial stability and reducing the phenomenon of hoarding, and thus contributing to advancing economic growth in Iraq.

LINK

"RV UPDATE" BY FREEDOM FIGHTER, 5 JUNE

 Freedom Fighter ©

🟢The CFTC is implementing GLOBALLY ‼️under Basel 3 endgame requirements 

💥The acceptance of “gold and technology merging” together within the global banking systems to facilitate different banking transactions (gold backed ) which also includes “foreign exchanges”

💥You see why it was so important for the timing of Iraq to modernize their banking system and “go digital “? 

THINK: technology ‼️

💥ALL countries are doing this. Not only Iraq 🇮🇶 but ya see the whole picture of course 😄

https://t.me/c/1866892933/75068

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🇮🇶Iraqi parliament approves the 2024 budget allocations and schedules.  

💥As WE told you there would be NO rate change in it because its an Operational & Expense budget with a set rate of 1310 IQD for government expenses and that rate covers their expenses‼️

💥WE know where the NEW rate change will come from, continue to follow us ‼️

❌Be careful who ya follow and stay grounded in the facts WE share 

💥CHECK IQD RATE FROM CBI

👇👇👇👇

https://cbi.iq/

https://shafaq.com/en/Iraq/Iraqi-Parliament-approves-2024-budget-key-allocations-for-social-welfare-education-and-agriculture

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-freedom-fighter-4-june.html

Iraqi Dinar Exchange Rates Today 2024 |Prediction 2024

"THE OFFICIAL EID DATES" BY FRANK26, 5 JUNE

 KTFA

FRANK26:"THE OFFICIAL EID DATES"...........F26

The Iraqi government sets days for the Eid al-Adha holiday

 

6/4/2024

On Tuesday, the Iraqi government set the days for the Eid al-Adha holiday, which will fall on Sunday, June 16.

The Prime Minister’s Media Office said in a statement received by Shafaq News Agency,  “Prime Minister Muhammad Shiaa Al-Sudani directed that the Eid Al-Adha holiday be for official departments, starting from Sunday, June 16, until Thursday, June 20, provided that official work resumes on Sunday.” June 23.”

LINK

 

"WHERE WE ARE NOW" BY BRUCE (ENGLISH & SPANISH), 5 JUNE

 BRUCE

THE GREAT CALL

June 4, 2024

ONLY INTELLIGENCE 

WHERE ARE WE NOW??

Bruce returns and brings us the information tonight.     Bruce has information from yesterday and today, what we are seeing is that we had rates flashing on bank screens over the weekend but slowly every 15 seconds on Saturday and things improved yesterday at 4pm. EST on Sunday in Forex and we had every reason to think.  the coins would appear and go live and at 9:15 this morning they would solidify and need to go to Hard Green status, that's when we have a fixed rate that we can work with and tomorrow that should be the case and a stopping point and able to move. 

 from a sliding rate to a fixed Green Light rate and the other interesting thing from a source in Iraq who spoke to Sudani and said that the dinar rates and the budget rate at which the budget itself for 2024 had been delivered the minutes official and that this would appear tomorrow, Wednesday, as a fixed document and within the budget the new rate.    So that's a really good thing and it's been populating and moving in the right direction for a while and tomorrow when it's delivered to the Gazette when it's published and we can expect the rate to be seen tomorrow and once we have that with the budget and

in the print version of the Gazette and that should end the game to send us the emails for our notifications, Bruce believes this will be early in the morning and if this happens we will have solid dinar rates on the screens and the notification tomorrow and receive the emails and schedule our appointments and move forward from there, IF we are actually there and schedule those appointments for Thursday, then Bruce is excited and thinks we have waited long enough and really want to get started on our projects.    Aside from that, some of the jurors involved in the trials and Bruce knows three have already been arrested.  

  So let's see if this all comes together tomorrow and especially the Dinar and its publication in the Gazette and depending on when they come out, it could even be Wednesday, but even Thursday would be great. Bruce apologizes for appearing and disappearing a bit and now praying for the call, so please join Bruce in this prayer as Bruce believes we are where we want to be, right where we want to be, and thanking the entire team Sue, Bob, Pastor Scott, GCK, Jeannie and Larry

, and all those faithful listeners around the world.    And we thank God for the positive things that come to us VERY VERY SOON AND THANK YOU FOR EVERYTHING YOU ARE DOING IN OUR LIVES.      - Bruce is not sure when the notifications will appear, but we will keep an eye on them, so if we receive those notifications WE WILL NOT CALL ON THURSDAY.    Please pray together with Bruce and keep those prayers sincere until this Heavenly Blessing is fully manifested in the lives of humanity. 

Love to each and every one of you, Gema.

TRANSLATION SPANISH

BRUCE

LA GRAN LLAMADA

4 junio 2024

SOLO INTELIGENCIA

¿¿DONDE ESTAMOS AHORA??

Bruce regresa y nos trae la información esta noche. Bruce tiene información de ayer y hoy, lo que estamos viendo es que teníamos tasas que parpadeaban en las pantallas de los bancos durante el fin de semana, pero lentamente cada 15 segundos el sábado y las cosas mejoraron ayer a las 4 p.m. EST del domingo en Forex y teníamos todas las razones para pensar. las monedas aparecerían y entrarían en funcionamiento y a las 9:15 de esta mañana se solidificarían y necesitan pasar al estado Verde Duro, ahí es cuando tenemos una tasa fija con la que podemos trabajar y mañana debería ser ese el caso y un punto de parada y capaz de moverse. 

de una tasa móvil a una tasa fija de Luz Verde y la otra cosa interesante de una fuente en Irak que habló con Sudani y dijo que las tasas del dinar y la tasa del presupuesto a las que se había entregado el propio presupuesto para 2024 el acta oficial y que eso aparecería mañana miércoles como documento fijo y dentro del presupuesto la nueva tarifa. Así que eso es algo realmente bueno y se ha estado poblando y avanzando en la dirección correcta por un tiempo y mañana cuando se entregue a la Gaceta cuando se publique y podemos esperar que la tasa se vea mañana y una vez que tengamos eso con el presupuesto y

en la versión impresa de la Gaceta y eso debería terminar el juego para enviarnos los correos electrónicos para nuestras notificaciones, Bruce cree que esto será temprano en la mañana y si esto sucede tendremos tasas de dinares sólidas en las pantallas y la notificación mañana y recibir los correos electrónicos y programar nuestras citas y seguir adelante desde allí, SI realmente estamos allí y programar esas citas para el jueves, entonces Bruce está emocionado y piensa que hemos esperado lo suficiente y realmente queremos comenzar con nuestros proyectos. Aparte de eso, algunos de los miembros del jurado involucrados en los juicios y Bruce sabe que tres ya han sido arrestados.  

Así que veamos si todo esto se concreta mañana y especialmente lo del Dinar y su publicación en la Gaceta y, dependiendo de cuándo salgan, podría incluso ser el miércoles, pero incluso el jueves sería genial. Bruce se disculpa por aparecer y desaparecer un poco y ahora orando por el llamado, así que únase a Bruce en esta oración, ya que Bruce cree que estamos donde queremos estar, justo donde queremos estar, y agradeciendo a todo el equipo Sue, Bob, el pastor Scott, GCK, Jeannie y Larry

, y todos esos fieles oyentes de todo el mundo. Y le damos gracias a Dios por las cosas positivas que nos llegan MUY MUY PRONTO Y GRACIAS POR TODO LO QUE ESTÁS HACIENDO EN NUESTRAS VIDAS. - Bruce no está seguro de cuándo aparecerán las notificaciones, pero estaremos atentos, así que si recibimos esas notificaciones NO LLAMAMOS EL JUEVES. Por favor oren junto con Bruce y mantengan dichas oraciones sinceras hasta que esta Bendición Celestial se manifieste plenamente en las vidas de la humanidad.

Amor a todos y cada uno de ustedes, Gema.