Saturday, August 10, 2024
LATEST FROM FIREFLY, 11 AUGUST
Frank26 [Iraq boots-on-the-ground report]
FIREFLY:Television now showing us articles, they're holding them up saying the HCL has been held up for 19 years as a hostage. Now it's being presented to the House of Representatives. FRANK: Your HCL is coming to you don't worry about it...Once you see the HCL you wee the new exchange rate.
Parliamentary Committee: The decline in oil prices will not affect the budget, 11 AUGUST
On Saturday, the Parliamentary Oil and Energy Committee in the House of Representatives renewed its assertion that the drop in oil prices to $70 per barrel will not affect the budget.
Vice Chairman of the Committee, Nehru Mahmoud Qadir, told the Maaloma Agency, “There are concerns if the price of a barrel of oil reaches less than $70 in next year’s budget.”
He added, "The price of a barrel of oil was calculated at $70 in the budget for the year 2024, indicating that the slight fluctuation in oil prices will not affect it."
He stressed that "employees' salaries are fully insured even if oil prices drop to $70." link
Weekend News with MarkZ. 08/10/2024
Central Bank Of Iraq Announces Growth Of Electronic Payment From 800 Billion To 2 Trillion Dinars[/Size], 11 AUGUST
Economy | 10/08/2024 Mawazine News - Baghdad The Governor of the Central Bank of Iraq announced on Saturday a record increase in electronic payment operations from 800 billion to 2 trillion dinars in one year, noting that government payments reached 912 billion dinars during July 2024.
This came during his participation in a specialized workshop on accelerating the transition to electronic payment, organized by the "Osool" Foundation for Economic Development and Sustainable Development, followed by Shafak News Agency.
Al-Alaq said during his speech at the workshop that the Central Bank of Iraq works side by side with the government program and the Prime Minister's direction in supporting electronic payment, and we are proud of what we have achieved so far, indicating that in 2023, the amounts processed through the national switchboard witnessed a significant increase, reflecting the development of the infrastructure and the expansion in the use of electronic payment channels and the impact of the campaign launched by the Prime Minister to activate electronic payment operations in general, and in the government sector in particular.
He added that these upward trends continued to develop in 2024, as the amounts processed in the national switchboard systems reached more than 2 trillion Iraqi dinars in July alone, compared to 800 billion dinars in the same month of 2023, and became 1 trillion dinars in January 2024, and government payments witnessed an additional increase, reaching 912 billion Iraqi dinars last July compared to 287 million dinars in the same month of 2023.
Al-Alaq indicated that payments at fuel stations in Baghdad alone increased significantly, recording more than 44 billion dinars in July of this year, compared to 183 million dinars in July of 2023, and 4.5 billion dinars in December 2023.
Al-Alaq revealed a huge increase in the number of POS points of sale to reach more than 50 thousand points of sale this year compared to approximately 11 thousand POS points of sale at the beginning of 2023, and thousands of them in government institutions after It was zero before the campaign was launched in June 2023.
Al-Alaq expressed his hope that government institutions would adopt the establishment of specialized units in electronic payment technologies to work on following up and developing this important aspect. https://www.mawazin.net/Details.aspx?jimare=253011
Does Iraq Still Need The Role Of The United Nations?, 10 AUGUST
Iraq,Reports # United Nations # UNAMI # Iraq The Iraqi government, headed by Mohammed Shia al-Sudani, took a step that successive governments after 2003 had not taken before, by asking the United Nations to end its political mission in the country by the end of 2025, which it has been carrying out for more than two decades, as Baghdad’s request to the organization stated that its presence was no longer necessary.
However, local observers tell Al-Jabal that Iraq needs neutral and professional international expertise to help it reach safety.
Al-Sudani stressed that in these circumstances and after 20 years of democratic transition and overcoming various challenges, the reasons for the presence of a political mission in Iraq no longer exist, calling for the mission's mandate to be permanently terminated on December 31, 2025, based on the letter he sent to the Secretary-General of the United Nations, Antonio Guterres.
Al-Sudani called for UNAMI to focus until then on files related to economic reform, combating climate change, and development issues.
What Does The United Nations In Iraq Consist Of?
The United Nations consists of two field missions (UNAMI and UNITAD), and UN agencies, funds and programmes, operating at the community, governorate and national levels throughout Iraq.
As for field missions, the United Nations Assistance Mission for Iraq (UNAMI) is a special political mission established in 2003 by United Nations Security Council resolution 1500, at the request of the Government of the Republic of Iraq. The mandate of the Mission is to advise and assist the Government on a range of issues.
This includes promoting inclusive political dialogue and national reconciliation, assisting in the electoral process, planning for a nationwide census, facilitating regional dialogue between Iraq and its neighbors, and promoting the protection of human rights and judicial and legal reforms. The Mission is also mandated by its mandate to work with government partners and civil society to coordinate the humanitarian and development efforts of specialized United Nations agencies, funds and programmes.
While the Mission does not implement humanitarian or development programmes itself, it does promote the development and humanitarian landscape in Iraq, linking Iraqi partners – both government and civil society organizations – with the technical expertise available within the United Nations Country Team in Iraq.
The Mission is headed by the Special Representative of the Secretary-General for Iraq, assisted by a Deputy Special Representative for Political Affairs and Electoral Assistance, and another Deputy Special Representative who also serves as Resident Coordinator and Humanitarian Coordinator for Iraq.
New Special Representative For Iraq
In the middle of last month, the United Nations announced the appointment of Mohammed Al-Hassan as its new Special Representative in Iraq and Head of the United Nations Assistance Mission for Iraq (UNAMI), succeeding Jeanine Hennis-Plasschaert.
The international organization said in a statement that "the Secretary-General of the United Nations announced the appointment of Mohammed Al-Hassan from the Sultanate of Oman as his new Special Representative in Iraq and Head of the UNAMI mission, succeeding Jeanine Hennis-Plasschaert from the Netherlands."
Al-Hassan has diverse diplomatic experience, as his career spans more than 30 years in the field of preventive diplomacy, peacebuilding and development. His most recent position was Permanent Representative of the Sultanate of Oman to the United Nations since 2019, according to the same statement.
Prior to that, Al Hassan held several positions at the Ministry of Foreign Affairs in Muscat. Among the senior positions he held were Ambassador Extraordinary and Plenipotentiary of Oman to the Russian Federation, and during the same period he was a non-resident ambassador to Belarus, Ukraine, Armenia and Moldova.
Informed sources told Al-Jabal that Mohammed Al-Hassan will soon begin his work, succeeding Jeanine Hennis-Plasschaert.
In this context, the Prime Minister's Advisor for International Relations, Farhad Alaa Al-Din, confirmed that the United Nations mission will end its tasks at the end of 2025, and Iraq expressed its gratitude and thanks for all the work and assistance provided by the mission over the past two decades.
In his interview with Al-Jabal, he stated that Iraq looks forward to continuing cooperation with the independent organizations and agencies affiliated with the United Nations according to an agreed upon program and according to Iraq’s needs, especially in the field of technical support, transfer of expertise, and building institutional capacities.
Iraq Needs International Expertise
Meanwhile, political and legal expert, Khaled Al-Ardawi, reveals that the international mission’s stay or exit is a matter decided by Iraqi need, as the presence of international missions is completely useful to help unstable peoples and countries or those that have emerged from severe military and political conflicts that have left a negative impact on their social and political cohesion, constitutional structure and security stability, due to the long international experience of the United Nations in this field, and its neutral role in setting advisory policies and strategies for governments in addressing their problems.
Al-Ardawi explained to Al-Jabal that anyone following the Iraqi situation in all fields can easily see that the Iraqi political, social and security situation is still fragile, and that our country still needs neutral and professional international expertise to help it reach the shore of safety.
Accordingly, the government’s decision to expel the UN mission remains respected, but it must reconsider it through technical committees, far from urgent political impressions.
Political Pressures
Meanwhile, the political researcher, Mujasha’ Muhammad Al-Tamimi, saw that the observer of the situation in Iraq sees that it is politically, economically, security-wise and socially unstable, so Iraq needs the help of friends to overcome its crises, and the United Nations and its mission in Iraq carry out advisory and guidance operations, not imposing decisions and transmitting reliable reports to the international community, so I see that Iraq needs the United Nations mission to help.
According to what Al-Tamimi told Al-Jabal, it seems that the Iraqi request to end the United Nations mission came as a result of political pressures imposed on the Iraqi government. Up until now, it is not believed that Iraq will abandon the role of the United Nations even after the end of its mission in Iraq. There may be a change of heart from the government if it sees that the situation in Iraq needs a United Nations mission. https://aljeebal.com/posts/305
WOLVERINE LIVE CHAT, (ENGLISH & SPANISH), 10 AUGUST
WOLVERINE LIVE CHAT 9/8/2024:
That's all! It's all started! I was on a Zoom call a few hours ago at about 4am. This came in Reno: There was a meeting in Reno, a big meeting, and they discovered that many Dinars and Zim, Precatorios and other bonds were fraudulent. There is a lot of fraud. They also discovered that some of these bonds were used in terrorism. They have to check everything, many bad apples on this trip, they have all been caught. I said this before: be careful who you buy bonds from. If you buy on EBAY, it is a risk you are taking. He doesn't know if those bonds are registered or under contract. They are not authenticated. An expert has to review them at the exchange center to authenticate them. And they may say, "Sorry, your bonuses aren't real, they're worthless." There are drug brokers selling bonds for $60, for example, but they are not authenticated. So if you go to EBAY and buy Yellow Dragon bonds for 12 dollars, thinking you saved money.
When you go to the redemption center and have loose bonds, Yellow Dragons, German bonds, etc., loose bonds, NOT boxes, they will go through the expert process to be authenticated. If they are not real, they will reject you. I have always been honest with you about purchasing through the correct channels.
We have experts with our Yellow Dragon Bonuses. We have attorneys, and all bonds have been authenticated, placed under contract, registered and everything is ready to go. The boxes are all sealed. Our whale can't open them. This happens to most whales, as all the boxes are sealed and cannot be opened.
However, this is good news as we know they are making things safe and taking care of us. They are authenticating the bonds and making sure there are good people on this journey. Also, at 3 pm Brazil time, what I have been told by several sources in Brazil, is that Tier4B was released – the notifications were released. If that's true, that will create a ripple effect from Reno and other platforms.
It is from two platforms in Brazil, which are San Paolo and Brasilia.
People have received notifications of bondholders ready to go to Reno. One person, a large bondholder, a very good friend of mine and this person, has millions of boxes... That person was notified. They are flying to Reno tomorrow and I was elated for that person.
Another person who lives here in Australia was notified that they will have to fly to Brazil to prepare the Medbeds. Medbeds are ready! Medbeds are real!
So everything is ready for this month: the month of August is the month of our blessing. Everything comes from.
I received another call from a platform, elated, shouting Hallelujah – They received the call that on August 15 their funds will be released.
Precatoria – it is taking a little longer. All funds will go to QFS accounts. They are waiting to get the green light.
I was on a Zoom call with my platform a few minutes ago, which came to me via audio of Skye saying that you will receive a Q phone when you go to your Medbeds, and also a replicator, but these are people who have humanitarian projects. That's great!
If there are no projects, you will receive them later.
A replicator is like a microwave that does everything. I'm sure you've seen the videos. They are huge and you will probably have to install them in your house.
Things are definitely happening.
Furthermore, I have been in contact with the next politician of my country in Chile. He has a huge humanitarian project: a railway system from Chile to Brazil that costs billions of dollars and he will be able to do it, and he has people designated to do it and he has shown me the map. He is a good Christian and conservative. He is no longer a politician because it is a corrupt system.
TRANSLATION IN SPANISH
CHAT EN VIVO DE WOLVERINE 8/9/2024:
¡Eso es todo! ¡Todo ha comenzado! Estuve en una llamada de Zoom hace unas horas aproximadamente a las 4 a.m. Esto llegó en Reno: Hubo una reunión en Reno, una gran reunión, y descubrieron que muchos bonos Dinars y Zim, Precatorios y otros eran fraudulentos. Hay mucho fraude. También descubrieron que algunos de estos bonos se usaron en terrorismo. Tienen que verificar todo, muchas manzanas podridas en este viaje, todas han sido atrapadas. Dije esto antes: tenga cuidado a quién le compra bonos. Si compra en EBAY, es un riesgo que está tomando. No sabe si esos bonos están registrados o bajo contrato. No están autenticados. Un experto tiene que revisarlos en el centro de canje para autenticarlos. Y pueden decir: "Lo siento, sus bonos no son auténticos, no valen nada". Hay corredores drogadictos que venden bonos por 60 dólares, por ejemplo, pero no están autenticados. Entonces, si vas a EBAY y compras bonos Yellow Dragon por 12 dólares, pensando que ahorraste dinero.
Cuando vas al centro de canje y tienes bonos sueltos, Yellow Dragons, bonos alemanes, etc., bonos sueltos, NO cajas, pasarán por el proceso de expertos para ser autenticados. Si no son reales, te rechazarán. Siempre he sido honesto contigo sobre comprar a través de los canales correctos.
Tenemos expertos con nuestros Bonos Yellow Dragon. Tenemos abogados, y todos los bonos han sido autenticados, colocados bajo contrato, registrados y todo está listo para funcionar. Las cajas están todas selladas. Nuestra ballena no puede abrirlas. Esto le sucede a la mayoría de las ballenas, ya que todas las cajas están selladas y no se pueden abrir.
Sin embargo, estas son buenas noticias, ya que sabemos que están haciendo que las cosas sean seguras y cuidando de nosotros. Están autenticando los bonos y asegurándose de que haya buenas personas en este viaje. Además, a las 3 pm hora de Brasil, lo que me han dicho varias fuentes en Brasil, es que Tier4B fue liberado – se liberaron las notificaciones. Si eso es verdad, eso creará un efecto dominó desde Reno y otras plataformas.
Es de dos plataformas en Brasil, que son San Paolo y Brasilia.
La gente ha recibido notificaciones de tenedores de bonos listos para ir a Reno. Una persona, un gran tenedor de bonos, un muy buen amigo mío y esta persona, tiene millones de cajas… Esa persona fue notificada. Mañana volarán a Reno mañana y yo estaba eufórico por esa persona.
Otra persona que vive aquí en Australia recibió la notificación de que tendrá que volar a Brasil para preparar los Medbeds. ¡Los Medbeds están listos! ¡Los Medbeds son reales!
Así que todo está listo para este mes: el mes de agosto es el mes de nuestra bendición. Todo viene de.
Recibí otra llamada de una plataforma, eufórico, gritando Aleluya – Recibieron la llamada de que el 15 de agosto sus fondos serán liberados.
Precatorios – está tardando un poco más. Todos los fondos se destinarán a cuentas QFS. Están esperando obtener luz verde.
Estuve en una llamada de Zoom con mi plataforma hace unos minutos, lo que me llegó por el audio de Skye diciendo que recibirás un teléfono Q cuando vayas a tus Medbeds, y también un replicador, pero estas son personas que tienen proyectos humanitarios. ¡Eso es genial!
Si no hay ningún proyecto, los recibirás más adelante.
Un replicador es como un microondas que lo hace todo. Estoy seguro de que has visto los videos. Son enormes y probablemente tengas que instalarlos en tu casa.
Definitivamente están sucediendo cosas.
Además, he estado en contacto con el próximo político de mi país en Chile. Tiene un enorme proyecto humanitario: un sistema ferroviario de Chile a Brasil que cuesta miles de millones de dólares y podrá hacerlo, y tiene gente designada para hacerlo y me ha mostrado el mapa. Es un buen cristiano y conservador. Ya no es un político porque es un sistema corrupto.
Al-Sudani: Without The Women’s Stance, The Greatest Changes In History Would Not Have Been Achieved, 10 AUGUST
Politics |Today, Baghdad Today – Baghdad Prime Minister Mohammed Shia Al-Sudani confirmed today, Saturday (August 10, 2024), that his government realized early on that the goals of economic and social reform must pass through the gate of women.
Al-Sudani said during the conference on combating violence against women, which was followed by "Baghdad Today", that "this conference represents an important platform for exchanging ideas and supporting the effective role of women, as without the position of women, the greatest changes in history would not have been confirmed."
He added, "In our government, we realized early on that the goals of economic and social reform must pass through the gate of women, and we embodied the fight against violence against women in our support for the Sixteen Days Campaign, and we sought within a clear approach to establish the Supreme Council for Women's Affairs to be a direct planning and executive gate, and today we are proud and honored that our government includes in its administrative institutions many leading women."
He pointed out that "we will discuss in a specialized workshop all the observations raised about the Personal Status Law." LINK
LATEST FROM WOLVERINE (ENGLISH & SPANISH), 10 AUGUST
WOLVERINE
This is it, guys. I just have to wait for Elizabeth to give me the green light so I can premiere the opera for you.
The precarious have their own opera and as soon as they release those funds, they will premiere their own opera. Make no mistake, it's my opera. I will be the one who sings!
I'll see you at the meeting, probably in February. We are already close to mid-August and the end of the year is not far away. I will have about 3 months off to get off the grid and off the radar and I don't want to risk my confidentiality agreement.
I'll ask if I can do some things in the Chosen Room or if I'm allowed, but I have to be careful. Most likely it will not appear there.
We are approaching my time to leave this channel, and when I do it will be because it has already begun. I hope to have another live call tomorrow.
Take care, Wolverine (transcribed by Carpathia)
NOTE FROM CARPATHIA: Listen to the audio to hear Carpathia's off-the-cuff comments at the end of the chat.
TRANSLATION IN SPANISH
WOLVERINE
Esto es todo, muchachos. Solo tengo que esperar a que Elizabeth me llame con luz verde para poder estrenar la ópera para ustedes.
Los precarios tienen su propia ópera y tan pronto como liberen esos fondos, estrenarán su propia ópera. No se confundan, es mi ópera. ¡Seré YO quien cante!
Los veré en la reunión, probablemente en febrero. Ya estamos cerca de mediados de agosto y el fin de año no está lejos. Tendré unos 3 meses de descanso para salir de la red y del radar y no quiero arriesgar mi acuerdo de confidencialidad.
Preguntaré si puedo hacer algunas cosas en la Sala Elegida o si me lo permiten, pero tengo que tener cuidado. Lo más probable es que no aparezca allí.
Nos estamos acercando a mi hora de abandonar este canal, y cuando lo haga será porque ya ha comenzado. Espero tener otra llamada en vivo mañana.
Cuídate, Wolverine (transcrito por Carpathia)
NOTA DE CARPATHIA: Escuche el audio para escuchar los comentarios improvisados de Carpathia al final del chat.
Saleh: There Is No Problem With Liquidity At All, And What Happened In The American Markets Requires Caution, 10 AUGUST
Read: 572 times {Economic: Al-Furat News} The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, denied that there was a problem with cash liquidity in the Iraqi currency. Saleh said in a press statement,
“There is no problem with liquidity at all because it is covered by foreign currency,” indicating that
“the mechanism for obtaining cash liquidity is that oil sales are converted into US dollars, and
when the government needs dinars for internal exchange, oil sales are exchanged for dollars and go to a bank.” The monetary issue that is the central bank to give it currency.” He pointed out that
"the central bank, with the aim of maintaining market stability,
sells foreign currency to the market through the currency sale window and auction, to
withdraw liquidity a second time and
then repeat it again so that there is a natural growth in the exported currency."
As for the size of the monetary supply, Saleh explained,
“There has been an increase in liquidity within a year, as the issued currency has become more than 100 trillion dinars, after it was 80 trillion dinars,” stressing that
“these surges have no effect as long as they are covered by foreign currency.”
The financial advisor to the Prime Minister believes that the world's economic circles were surprised by sharp fluctuations and declines in the US stock market amid a wave of panic over fears about a possible recession in the largest economy in the world, and that
"these declines were built on a combination of local and global economic factors that led to weak investor confidence in the performance of... The American economy, and
if the situation continues for six continuous months, the recession will turn into a major depression that will hit all the world’s economies.” Saleh pointed out,
“The US Energy Information Administration previously announced that it expects average prices to reach about $89 per barrel for the rest of 2024,
but there is a gradual decline in global oil prices, which has begun to coincide with the decline in the value of financial assets in the American markets, especially the decline in oil.”
The signal is (Brent crude), which ranges at about $76 per barrel in futures contracts after it reached approximately $88 per barrel last June, which requires more caution and economic calculation.”
https://alforatnews.iq/news/صالح-لا-مشكلة-بالسيولة-اطلاقاً-وما-حدث-في-الأسواق-الامريكية-يستوجب-الحذر
Leaks About The Dismissal Of The Governor Of The Central Bank Of Iraq: The Hidden Reasons And Implications
Dismissal of the Governor of the Central Bank of Iraq: Financial disputes or a political conspiracy?
Al-Independent/ - Informed sources reported that the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, faces imminent dismissal in the coming days, not because he has reached the legal age as previously thought, but because of his opposition to financing projects and loans worth millions of dollars provided by the Sudanese government.
The scene became more ambiguous as Al-Alaq remained silent and refused to answer questions from the media.
According to a source who requested anonymity to Al-Mustaqila’s correspondent, Al-Alaq strongly opposed the financial arrangements that included financing huge projects and loans from the Sudanese government, and
this position appears to have been the main factor behind the moves to remove him from his position.
The sources have not yet revealed precise details about the type of these projects or loans, but the large amounts associated with them have sparked disagreements between Al-Alaq and the Iraqi government.
The same source indicated that the potential replacement for Ali Mohsen Al-Alaq’s position is already ready, and
he is a person who is expected to quickly take over the position once it is vacated.
It is expected that the replacement will follow policies in line with the current government's trends, which may explain the speed of the decision to dismiss.
In a related context, some media and political sources issued warnings to the Prime Minister regarding the influence of a group of personalities or parties on government decisions related to the financial sector.
The warnings indicated the need to be wary of these individuals and their potential impact on monetary and financial policy in Iraq.
The government of Muhammad Shiaa Al-Sudani is accused of corruption, even though Al-Sudani was a critic of the government of Mustafa Al-Kadhimi.
However, his rule witnessed an increase in corruption and its penetration into the joints of the state.
One of the controversial decisions during his reign was to reduce the exchange rate of the dollar against the dinar, which caused losses to the state budget exceeding 15 billion dollars. https://mustaqila.com/علي-محسن-العلاق/
" THE ZIM BONDS , THEY CAN NOT BE RENEGOTIATED" BY John F. Kennedy Jr. ON TELEGRAM, 10 AUGUST
On Fri. 9 Aug. 2024 the below briefly appeared on a John F. Kennedy Jr. Telegram site, but then disappeared so it is not known if it was valid or not: John F. Kennedy Jr.
- Sources said delays were from making sure QFS system and all the test clients were done perfectly so they can see their funds in their accounts (or hold SKRs) but would not be able to use these funds until the shotgun start has started.
- Understand that the Swift System might still be in use until all old currency has been declared useless, but those evil sources are still trying their best to keep it open or slow down the exchange.
- Sources say Monday/Tuesday for release of emails/800#
- International Default Rates (not Humanitarian):
- Dinar will value at a “RI” rate from the time Iraq was invaded which would put it around $3.22 – $3.78
- Zim was being offered at a default rate of first two 100T aa bond notes up to 30 T notes at $20 Million each, 31 T notes and up would default to $15 million decreasing the more notes you own.
- HOWEVER the AA Zim are Bonds and we have been told they can NOT be renegotiated, ASK for the contract/solverant rate
- These rates can be negotiated on your second visit with your projects and team members.
- You will have 90 days to exchange
Have all currency on a spreadsheet and a copy for your appointment personal.
Currency should be separated by countries and denominations
Have your projects ready with a copy for your appointment personal.
Have your amounts ready to take care of your immediate needs.
No cash will be given, but an account of 50,000 to 100,000 will be put in your account
You can bring accountants, lawyers, banker and or family members but all must sign a NDA
- The QFS is a system created by the Earth Confederation and our Stellar brothers. All people already have their QFS account set up. It contains all their personal data and their DNA. There is nothing to configure.
- The money from your birth certificate is already deposited in that account, as well as the repayment of the loans you have requested, student loans, mortgages, etc.
- We all have monies that is ours in those accounts. You do not need to have Zim Bonds or Dinar. It is money that you have earned during your life and that is in that account.
- Once everyone has collected the bonuses, the general public will come, they will be called to the redemption center, they will be given a QFS card and they can use their money.
Adviser To The Prime Minister: There Is No Problem With Cash Flow In The Iraqi Currency , 10 AUGUST
Economical Number of readings: 334 Baghdad / NINA / Mazhar Muhammad Saleh, advisor to Prime Minister Muhammad Shia al-Sudani for economic affairs,
denied the existence of a problem with cash flow in the Iraqi currency.
Mazhar Muhammad Saleh said, according to Rudaw Media Network:
“There is no problem with liquidity at all because it is covered by foreign currency,” indicating that
“the mechanism for obtaining cash liquidity is that oil sales are converted into US dollars, and
when the government needs dinars for internal exchange, oil sales are exchanged for dollars.”
"It goes to the issuing bank, which is the central bank, to give it the currency."
He pointed out that "the central bank, with the aim of maintaining market stability, sells foreign currency to the market through the currency sale window and auction, to withdraw liquidity a second time and repeat it again so that there is a natural growth in the exported currency."
Mazhar Muhammad Salih noted that, “In this case, when the government wants liquidity in the Iraqi dinar, the cash issuance increases, that is,
instead of absorbing it from the market, a new issuance occurs, and
this is what led to a jump in the exported currency, but
there is no problem with that because it is 100% covered.” /End H
https://ninanews.com/Website/News/Details?key=1146399
DINAR REVALUATION REPORT: New Card Distribution for Citizens in Iraq: 2024 Commercial ATM Bank Withdrawals, 13 SEPT
New Card Distribution for Citizens in Iraq: 2024 Commercial ATM Bank Withdrawals The recent television commercial airing in Iraq is creati...
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RayRen98 BANK STAFF RECEIVED "GET READY" MEMOS THIS MORNING, THEY'VE BEEN EXCITED ALL DAY! Nader From The Mid East Y...