FIREFLY:Television show...the topic was about dropping the zeros from our currency and the introduction of a new currency and the issues of the implementation of this new currency. They had on there a doctor of economics. We don't know him but he is being sent by Sudani...He said...we have low inflation so we can delete the zeros. They talked about how we will be obtaining purchasing power with this move.
FRANK: It's exciting to see the monetary reform education now on a daily basis teaching you on your television what you are about to be given...This is the third week in a row they talk to you about lifting the three zeros and about a new currency coming to you and now on the process of how they're going to implement that new currency to you...They continue to reaffirm purchasing power is coming to your currency...
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FIREFLY:CBI spokesman on television talking about the advantages and the different types of floating our currency is going to go through. He said there are two types of float. Free float and managed float.
FRANK: ...You are in the monetary reform phase that is educating you on your new currency...new exchange rate...lower notes. This campaign is pounding the information about the next step of the monetary reform...Why are you floating your currency? Because they're adding value to it...Be ready at any moment.
Removing Zeros from the Iraqi Currency: Possibility of Implementation
Removing zeros from a currency is a procedure undertaken by some countries in order to revalue the national currency and simplify financial transactions. This is done by removing a specific number of zeros from the nominal value of the currency, making it appear less inflationary and more stable.
One of the possible reasons for deleting zeros is to combat inflation. When a currency suffers from high inflation, the nominal values can become very high and impractical to be offered in large quantities in daily transactions. Deleting zeros can contribute to enhancing confidence in the national currency, facilitating accounting operations and financial transactions; this may contribute to improving the country’s image before investors and the international community.
Potential challenges of deleting zeros include printing new currency, modifying accounting systems, and training on how to use the new currency. It may initially cause some confusion among residents and consumers, and if the deletion process is not implemented well, it may lead to economic disruptions.
Examples of countries that have taken this action include Turkey in 2005 when it removed six zeros from its currency, Brazil on several occasions in the 1980s and 1990s, Zimbabwe, which removed twelve zeros from its currency in 2009, and Venezuela, which removed five zeros in 2018.
The number of cases in the world in which currency zeros were removed is estimated at 70 cases witnessed by the world, according to the International Monetary Fund.
Article quote: "Federal Integrity Commissioner...says we discussed the development in the integrity file and the government's efforts to recover funds into the Iraqi state treasury."
There's some people out there that have stolen a lot of money and that money is still floating around the world...If you stole it you're probably going to have a knock on the door...If you're playing by the rules you shouldn't have a problem. Depends on who writes the rules of course...
There are a lot of things that are rough and tumble out there. On a good note, everything we're seeing is still focused and still on track and I think we're going to be in good shape.
If they launched this over a year ago, we're coming to a close. I firmly believe it, they're coming to a close and they're getting ready to do what they have to do...
Saleh, financial advisor to the prime minister, has a really good report.
"Government Signal: High Export Capacity Boosts Currency Value"
He's giving reasoning why certain things will boost value...They're talking about floating and fixed prices...He gives his opinion - Floating seems too aggressive, fixed prices work but a managed float I think is what he's talking about...
Iraq's Monetary Policy Shifts in Relation to the Reinforcement of the Iraqi Dinar
Iraq's monetary policy has undergone significant changes in recent years, particularly in relation to the reinforcement of the Iraqi Dinar. The country has been working to strengthen its economy and reduce its reliance on the US dollar.
Background
Iraq's economy has been heavily dependent on oil exports, which has made it vulnerable to fluctuations in global oil prices. The country has also struggled with corruption, inefficiency, and a lack of economic diversification. In recent years, the Iraqi government has implemented various reforms aimed at improving the business environment, reducing corruption, and promoting economic growth.
Monetary Policy Changes
One of the key monetary policy changes in Iraq has been the introduction of a new exchange rate system. In 2022, the Central Bank of Iraq (CBI) introduced a new exchange rate system, which allows for a more flexible exchange rate and aims to reduce the gap between the official and parallel exchange rates. The CBI has also increased its efforts to combat money laundering and terrorist financing, and has implemented stricter regulations on banks and financial institutions.
Reinforcement of the Iraqi Dinar
The reinforcement of the Iraqi Dinar has been a key objective of the Iraqi government's monetary policy. The government has implemented various measures to support the currency, including increasing the minimum capital requirements for banks and introducing stricter regulations on currency trading. The CBI has also increased its foreign exchange reserves, which has helped to stabilize the currency.
Impact of Monetary Policy Changes
The monetary policy changes in Iraq have had a positive impact on the economy. The introduction of the new exchange rate system has helped to reduce the gap between the official and parallel exchange rates, and has increased the attractiveness of the Iraqi Dinar as an investment currency. The stricter regulations on banks and financial institutions have also helped to reduce corruption and improve the overall stability of the financial system.
Challenges Ahead
Despite the progress made, there are still challenges ahead for Iraq's monetary policy. The country's economy remains heavily dependent on oil exports, and the government needs to continue to diversify the economy and reduce its reliance on oil. The government also needs to continue to implement reforms aimed at improving the business environment and reducing corruption.
Conclusion
In conclusion, Iraq's monetary policy has undergone significant changes in recent years, particularly in relation to the reinforcement of the Iraqi Dinar. The introduction of a new exchange rate system, stricter regulations on banks and financial institutions, and increased foreign exchange reserves have all helped to support the currency and improve the overall stability of the financial system. However, there are still challenges ahead, and the government needs to continue to implement reforms aimed at improving the business environment and reducing corruption.
Until you hear otherwise just assume Alaq has submitted his resignation letter and has not put a date yet as to when his last day is. There are too many articles out there stating he has submitted a resignation letter.
Pimpy
If it could be proven that [Alaq] was involved with some criminal activity...then he should be out of there and convicted...But if it's all bullshit and this is another one of those moves by Maliki and the Coordinating Framework then people have to do something...So we're not sure where this information is coming from. But that doesn't mean you
shouldn't listen to the news, because this person is like, 'See Pimpy, you said there is no fake news.' I did not say there was no fake news but not everything can be fake news. Just because you don't like the information...it must be fake news. Nope.
What you got to get to is the bottom of why this situation is there in the first place...Like anything else you have to be able to sift through the crap that you're hearing and make a decisions on whether the news is real or not...
Pimpy
We know pretty soon Iraq is going to be here and talking to people in Washington about what they need to do to get back into good graces, have sanctions lifted on some of the banks and allowing Iraq to move forward with reform without looking for excuses to penalize them every time Iraq does something that pisses off the Biden Administration.
Ankara, Baghdad sign security deal as Iraq bans PKK-linked groups
Shafaq News/ Turkiye and Iraq signed a security pact on Thursday aimed at combating terrorism, as Ankara welcomed Baghdad's decision to ban three parties linked to the Kurdistan Workers' Party (PKK).
The agreement, the first of its kind between the two neighbors, was announced at a joint press conference by Turkish Foreign Minister Hakan Fidan and his Iraqi counterpart, Fuad Hussein.
Fidan praised Iraq's move to outlaw the PKK-linked groups, while Hussein said Baghdad would reach an agreement with Ankara on the Bashiqa military camp.
Iraq's top diplomat said that the PKK is a banned organization and its activities in Iraq are not acceptable.
The Iraqi minister also expressed concern over rising tensions in the region, particularly in Gaza, calling for an immediate ceasefire. "Iraq opposes all wars in the region," he added.
Fidan noted that the agreement includes the establishment of Joint Coordination and Training Centers, which will enhance the cooperation between the two nations.
"We believe that through these centers, we will elevate our collaborative efforts in the fight against terrorism," he said. "We aim to strengthen the unity of understanding we are building with Iraq through concrete actions on the ground and will continue our efforts in this direction without interruption."
The PKK, which has been waging an insurgency against the Turkish state since 1984, is designated a terrorist organisation by Turkey, the United States and the European Union. More than 40,000 people have been killed in the conflict.
ANALYSIS:
The recent security agreement between Turkey and Iraq marks a significant step in the efforts to combat terrorism in the region.
This pact, highlighted by a press conference with Turkish Foreign Minister Hakan Fidan and Iraqi Foreign Minister Fuad Hussein, represents a collaborative approach to addressing shared security concerns.
Key points from the agreement include:
Joint Coordination and Training Centers: These centers are designed to improve cooperation between Turkey and Iraq in the fight against terrorism, aiming to enhance operational effectiveness and coordination.
Outlawing PKK-linked Groups: Iraq's decision to ban three parties associated with the Kurdistan Workers' Party (PKK) aligns with Turkey's longstanding goal of disrupting PKK activities. The PKK, recognized as a terrorist organization by Turkey, the U.S., and the EU, has been involved in a prolonged insurgency that has claimed many lives.
Bashiqa Military Camp: Discussions are ongoing regarding the status and future of the Bashiqa military camp, which has been a point of contention between the two countries.
Regional Tensions: Both ministers also addressed broader regional issues, with Hussein emphasizing Iraq's opposition to conflicts such as those in Gaza and calling for an immediate ceasefire, reflecting a desire for stability in the region.
This agreement not only signifies a strengthening of security ties between Turkey and Iraq but also underscores the importance of international cooperation in addressing terrorism and regional instability.
Happy Thursday folks! We’re awaiting to see all the events unfold between now and September 18th when the rate cuts begin. Don’t be surprised to see everything coalescing at the exact same time. It’s almost like it’s all scripted, lol. Don’t blink, it will be here before you know it and the world and our worlds moreover will look radically different.
@JonDowling
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JON DOWLING
Happy Wednesday folks. Once Kamala is officially announced as the interim “President”, we will see manufactured chaos in America for about three months. But during that time, the currency reset.
Waiting on Ali Allaq to be officially removed as the CBI governor and replaced. This should all occur at the same time. Watch for XRP price to move as well during this time.
#dominoeffect
@JonDowling
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T
hings continue to heat up! Will Iran take the US offer to remove all the sanctions, or will they go full steam ahead with the attack on Israel? Something has to give soon and it will.
Leader Barzani praises the US for supporting Kurdistan
Shafaq News/ On Thursday, the head of the Kurdistan Democratic Party (KDP), leader Masoud Barzani, met with the new US Consul General in Erbil, Steve Bitner. Mark Stroh, the former US Consul General in Erbil, also attended the meeting.
According to Barzani’s headquarters, the KDP leader “welcomed the new Consul General and hoped for success and effective collaboration.” He also praised the role of the outgoing Consul General in strengthening relations and coordination between the Kurdistan Region and the United States.
Leader Barzani “extended his gratitude to the United States – both its people and government – for their support to the Kurdish people at various stages, notably during the establishment of a safe haven in Kurdistan after the Kurdish uprising in 1991, the removal of the previous Iraqi regime in 2003, and support in the fight against terrorism.”
The discussion also covered the upcoming elections in the Kurdistan Region, scheduled for October 2024, relations between the Kurdistan Region and the federal Iraqi government, and the political situation in Iraq and the region.
ANALYSIS
In a recent meeting with the new US Consul General in Erbil, Steve Bitner, Masoud Barzani, the leader of the Kurdistan Democratic Party (KDP), expressed his appreciation for the United States' support of the Kurdish people.
Barzani highlighted the significant roles that the US has played in various critical moments, such as establishing a safe haven in 1991, aiding in the removal of the previous Iraqi regime in 2003, and supporting the fight against terrorism.
Barzani welcomed Bitner and acknowledged the contributions of the outgoing Consul General, Mark Stroh, in enhancing relations between the Kurdistan Region and the United States. The meeting also touched upon upcoming elections in the Kurdistan Region, scheduled for October 2024, as well as the political dynamics between the Kurdistan Region and the federal Iraqi government.
Judy Note on writing Humanitarian Project Proposals
After talking to Charlie Ward and others it is my understanding that there has been no official instructions given out on what to put into a Humanitarian Project proposal. DaveHRCLion and others have merely voiced their own opinion on how to do it.
It is assumed you will need to write out a 1-2 page summary of what you hope to accomplish with your project including your goals, how many people you hope to employ, approximate cost, how many years you hope to run your project and a short summary of your background including what makes you qualified to run the project.
You will need to sign a NDA. All Zim redemptions will be put on a long term payout. Have an idea about how many years you wish your payout to be.
John F. Kennedy said that those with projects will receive their Zim redemption on their first two 100T Zim Bond notes at a 1:1. After this you will receive $25 million per 100T Zim Bond Notes you have, up to 30 Zim Bond Notes. To negotiate further, you will need to return and discuss it later with your Redemption Team.
Al-Sudani unveils major industrial and energy projects in Karbala
Shafaq News/ PM Mohammed Shia Al-Sudani has officially launched the first phase of four major projects within the Karbala Industrial City, including an industrial gases plant, a kerosene production facility, a vacuum distillation unit, and an organic solvents plant, to contribute significantly to the nation's economic growth and self-sufficiency.
During the inauguration ceremony, Al-Sudani emphasized the potential of these projects to create jobs, reduce import dependency, and stimulate local industry. The industrial gases plant, with a daily capacity of 1,000 tons, is expected to meet the growing demand for various gases across sectors, while the kerosene plant, producing 1,000 cubic meters per day, will enhance Iraq's energy supply.
The vacuum distillation plant, with a capacity of 2,500 tons per day, will improve crude oil processing, providing essential components for refining and industrial use. Additionally, the organic solvents plant, producing 1,000 cubic meters per day, will supply critical materials to the chemical industry.
These initiatives mark the first phase of Karbala Industrial City's development, a key part of the government's broader strategy to diversify Iraq's economy and reduce reliance on oil exports. Al-Sudani reiterated the government's commitment to industrial growth, urging both local and international investors to contribute to the country's economic transformation.
Earlier today, Al-Sudani arrived at Karbala International Airport as the $500 million expansion project nears completion, positioning the airport to handle up to 20 million passengers annually. furthermore, he announced the launch of a major electricity project in Karbala, aiming to produce 10,000 megawatts (MW) of power, and inaugurated three significant power plants: the Karbala gas-fired combined cycle power plant with a capacity of 132 MW, the Karbala solar power station with a capacity of 300 MW, and the Shores of Karbala Substation (400 KV) with a capacity of 1,500 MW.
ANALYSIS
Prime Minister Mohammed Shia Al-Sudani has recently unveiled several major industrial and energy projects in Karbala, marking a significant step in Iraq's economic development. These projects, which include an industrial gases plant, a kerosene production facility, a vacuum distillation unit, and an organic solvents plant, are part of the first phase of the Karbala Industrial City's development.
Key Details of the Projects:
Industrial Gases Plant: This facility will have a daily production capacity of 1,000 tons, aiming to meet the demand for gases used across various sectors.
Kerosene Production Facility: With a daily output of 1,000 cubic meters, this plant is designed to enhance Iraq's energy supply.
Vacuum Distillation Unit: Capable of processing 2,500 tons per day, this unit will improve the refinement of crude oil and provide essential components for industrial use.
Organic Solvents Plant: Producing 1,000 cubic meters per day, this plant will supply important materials for the chemical industry.
These projects are part of a broader strategy to diversify Iraq's economy beyond its dependence on oil exports. The industrial advancements are expected to generate jobs, reduce import dependency, and stimulate local industries.
In addition to these industrial developments, Al-Sudani highlighted the nearing completion of the $500 million expansion project at Karbala International Airport, which will increase its capacity to handle up to 20 million passengers annually.
The Prime Minister also announced a major electricity project aimed at producing 10,000 megawatts (MW) of power. This includes:
Karbala Gas-Fired Combined Cycle Power Plant: 132 MW capacity
Karbala Solar Power Station: 300 MW capacity
Shores of Karbala Substation (400 KV): 1,500 MW capacity
These initiatives underline the government's commitment to economic transformation and invite both local and international investors to participate in Iraq's industrial growth.
💢Member: Q - So the question would be if this is true and certain, will we even know about the “lockdown “ if we are NOT in one of the affected areas? Because this was supposed to be the cover for traveling to the camping area?
💢 Piscees Girl nailed it - A - You may not know if your not in an effected area..
I do not and have not ever thought that there will be or needs to be a total lockdown for us to go camping..
It’s been explained that if you live in an area that needs more clean up (bigger cities or the border cities) there will be restrictions, curfews or some kind of lockdown in place.
You will still be able to move about just with restrictions.. Just listen to the instructions from the military and you’ll be fine.
The Iraqi Foreign Ministry confirmed on Thursday that there are no US forces in Iraq except for military advisers under the umbrella of the international coalition.
The ministry said in a statement to Mill that “there are no US forces in Iraq except for the military advisers who are under the umbrella of the international coalition,” pointing out that “these advisers are covered by the outputs of the work of the Supreme Military Committee.”
She added that “the two parties are committed to the mechanisms followed and their outputs,” noting that “the Supreme Military Committee has focused its work during the past months on assessing the threat of ISIS organization with the aim of reaching a deadline to end the military mission of Operation Inherent Resolve.”
“On this basis, the presence of the advisers of the international coalition with all their nationalities on the territory of Iraq will be ended,” she continued, noting that “these discussions included details that included the hierarchy of the withdrawal of advisers from the sites, and only agreement remained on the details and date of the announcement and some other logistical aspects.”
“We were very close to the announcement of this agreement, but due to recent developments the announcement of the end of the military mission of the international coalition in Iraq was postponed,” she continued, stressing that “the bilateral relationship with the United States in all areas, including the security relationship, is completely separate from the course of the relationship with the international coalition forces.”
She stressed that “this relationship exists before the coalition and will continue after it,” adding that “the Iraqi delegation discussed the future of the security relationship in the fields of training, weaponization, equipping and security cooperation, in light of what the Iraqi Constitution allows and the framework of the strategic agreement between Iraq and the United States.”
The Iraqi Foreign Ministry has confirmed that there are no US combat forces currently stationed in Iraq, only military advisers operating under the international coalition.
The presence of these advisers is linked to the international coalition's mission, which is focused on assessing the threat from ISIS and determining the future of Operation Inherent Resolve.
Discussions about ending the coalition’s military mission have been ongoing, but recent developments have delayed the announcement of the mission's conclusion.
The relationship between Iraq and the United States in terms of security cooperation, including training and equipment, continues independently of the international coalition's mission. This ongoing cooperation is governed by the strategic agreement between Iraq and the United States, as well as the Iraqi Constitution.
