Tuesday, September 10, 2024

The Story Of The Suspicious Dollar Transfer.” An American Newspaper Interviews Ali Ghulam At His Palace In London, “Near The American Embassy.”, 11 SEPT

 The Story Of The Suspicious Dollar Transfer.” An American Newspaper Interviews Ali Ghulam At His Palace In London, “Near The American Embassy.”

 Policy   2024-09-09 | 7,321 views  Alsumaria News-Politics  A Wall Street Journal report revealed the extent of Ali Ghulam’s influence on the dollar crisis in Iraq, as he was the reason for the American side imposing strict control on dollar transfers from Iraq, while

 Ghulam was described as “the undisputed king of the dollar in Iraq for a decade.”


The Iranian Revolutionary Guard was financed with dollars using suspicious import receipts, which is denied by Gholam, who lives in his mansion in London near the residence of the American ambassador to Britain.

 The newspaper pointed out that the American side was aware of these problems since 2012, but did not want to plunge Iraq into an economic crisis.

 The newspaper said in an article translated by Al Sumerian, that Ali Ghulam was the undisputed king of the dollar in Iraq for nearly a decade, and

 his three banks in Baghdad transferred tens of billions of dollars at that time outside the country, ostensibly to buy car parts, furniture and other imports, indicating

 He was one of the most senior workers in the ad hoc banking system that was established nearly two decades ago under the American occupation and that gave the Federal Reserve Bank of New York a key role in processing Iraq's international transactions. She noted that

years later, when the Federal Reserve finally began to look more closely at where the money was going, it closed it almost overnight, as

 American officials suspected that its banks were among more than two dozen Iraqi banks involved in transferring dollars to Iran and its allies., using front companies and false invoices to circumvent sanctions that prevent Iran from accessing the global financial system.

 The newspaper reported that audits of Gholam's banks, which were completed in May, revealed unusual details of dollar transactions abroad, which auditors said raised concerns about money laundering. Gholam denied these allegations in interviews.

 The newspaper explains that among Iraqi banks in general, it was not possible to trace up to 80% of the bank transfers worth more than $250 million that flow through them on some days, and part of this amount went secretly to the Iranian Islamic Revolutionary Guard Corps.

 The crackdown on Iraqi banks began in late 2022 after more than a decade of US inaction, even after the Pentagon's inspector general warned as far back as 2012 of the potential for fraud worth $800 million a week.

 Current and former US officials said the US had imposed... Over the years, it has imposed temporary restrictions on cash flows to Iraq, but fears that strict or permanent controls will plunge Iraq into economic chaos and setback its battle against ISIS.

 Ghulam, 42, now based in London, ran an empire that handled the lion's share of dollars transferred outside Iraq, on some days as much as 20 percent of wire transfers, he and Iraqi banking officials said.

 Its banks - Iraqi Middle East Investment Bank, Al Ansari Islamic Bank, and Islamic Holding Bank - were the first to be banned from dollar transactions by the Federal Reserve and the Treasury Department in late 2022.

He was suspended from work due to the large volume of suspicious transactions, and no action was taken against Ghulam personally.

Gholam denied that his banks knowingly sent money to the Quds Force or the Iranian government. He said:

"The Americans have nothing against me.

I have nothing to do with money laundering or Iran."

He said that his life in London, where he and his family live after moving from Baghdad in 2018, has been turned upside down since the loss of the US dollar.

His $40 million home, which was recently renovated with shiny marble floors, a swimming pool in the basement and a parrot cage, is located Just a few blocks from the US ambassador's residence, after a walk, he often heads to his favorite London restaurants in his Rolls-Royce SUV.

 “The system is bad, but every bank in Iraq was operating under the same system,” Ghulam said. The Americans came up with this system?

 Since the ban on Gholam's banks, the Treasury Department and the Federal Reserve have been pressing for more sweeping changes in Iraq.

 The United States has banned more than two dozen other Iraqi banks from conducting transactions in dollars.

 Strict new rules imposed by the Central Bank of Iraq since late 2022 under American pressure require banks to disclose the final recipients of bank transfers.

 The New York Federal Reserve Bank at that time began carefully monitoring wire transfers from Iraq's official accounts, rejecting any transfers that did not comply with standard procedures for transferring international funds, officials said.  

  https://www.alsumaria.tv/news/politics/499461/قصة-التحويل-المشبوه-للدولار-صحيفة-أمريكية-تحاور-علي-غلام-بقصره-في-لندن   

DINAR REVALUATION HIGHLIGHTS!!, 11 SEPT

Summary

Iraq’s financial landscape is evolving with discussions on enhancing the dinar’s value, central bank policies, and potential forex listings.

Highlights

  • 💰 Militia Man discusses the importance of local currency value enhancement.
  • 📈 Prime Minister’s advisor links central bank decisions to reducing inflation.
  • 🔍 Mark Z confirms ongoing education on lower denominations in Iraq.
  • 🏦 Wolverine hints at the dinar’s potential entry into Forex.
  • 💼 Advisor reveals discussions between the Central Bank of Iraq and the US Federal Reserve.
  • 📊 Claire reports on upcoming central bank decisions impacting exchange rates.
  • 🚫 Urgent measures to combat currency smuggling are anticipated from the central bank.

Key Insights

  • 🌟 The emphasis on enhancing the dinar’s value signals a strategic shift in Iraq’s economic policies, aiming for stability and growth.
  • 📊 Central bank decisions are pivotal in controlling inflation, suggesting a direct link between economic growth and currency strength.
  • 🔄 The ongoing education on lower denominations indicates an upcoming adjustment in currency value, furthering public understanding and acceptance.
  • 🌍 The potential inclusion of the dinar in Forex illustrates Iraq’s ambition to integrate more fully into global financial markets, which could attract foreign investment.
  • 🤝 Collaboration with the US Federal Reserve suggests serious efforts towards financial reform, which are crucial for Iraq’s economic stability.
  • 📈 Anticipated central bank decisions could significantly impact the parallel market, highlighting the need for transparency in currency trading.
  • 🚨 Measures against currency smuggling reflect the government’s commitment to maintaining currency integrity and market stability.

Iraq's New Economic Measures: An Economist's Take

DINAR REVALUATION REPORT: The Fragile State of the Iraqi Economy in 2024 and Proposed Solutions, 11 SEPT

 The Fragile State of the Iraqi Economy in 2024 and Proposed Solutions

As of September 10, 2024, the Iraqi economy is facing significant challenges that have raised concerns among economists and policymakers alike.  The economy has been heavily reliant on oil revenues, which account for over 99% of exports, 85% of the government budget, and 42% of gross domestic product.  This over-dependence on oil has left the country vulnerable to macroeconomic volatility and restricted fiscal space for countercyclical policy measures.

The Current State of the Iraqi Economy

The most recent data from January 2021 showed that Iraq's unemployment rate was more than 10 percentage points higher than its pre-COVID-19 level of 12.7 percentage points.  The economy has been gradually recovering from the oil and COVID-19 shocks of 2020, with real GDP estimated to have increased by 1.3% in 2021, following a sharp contraction of 11.3% in 2020.  The non-oil economy grew by over 6% in the first nine months of 2021, driven by a robust performance in the services sector as COVID-19 restrictions were eased. 

The Risk of Economic Collapse

Economic researcher Manar Al-Obaidi has identified eight hidden weaknesses in the Iraqi economy, which he believes could lead to its collapse.  Al-Obaidi argues that the collapse is not a future event but rather a process that has been ongoing for a long time, exacerbated by fluctuations in oil prices.  The sustainability of the Iraqi economy is primarily threatened by its lack of diversity in revenue sources and the mismanagement of expenditures. 

Proposed Solutions

To address the challenges and prevent a full-scale economic collapse, several solutions have been proposed by experts and policymakers. These include:

  1. Diversification of the Economy: Reducing dependence on oil by developing other sectors such as agriculture, tourism, and manufacturing. 
  2. Fiscal Reforms: Implementing measures to control government spending, improve tax collection, and mobilize non-oil revenues. 
  3. Private Sector Engagement: Encouraging the growth of the private sector by creating a business-friendly environment, reducing bureaucratic red tape, and attracting foreign investment. 
  4. Job Creation: Focusing on creating productive job opportunities, particularly for the youth and women, to reduce unemployment. 
  5. Anti-Corruption Measures: Strengthening transparency and accountability to reduce corruption and improve the overall business climate. 

Conclusion

The Iraqi economy has been facing significant challenges, exacerbated by its heavy reliance on oil revenues and the impact of the COVID-19 pandemic. To prevent a potential collapse and achieve long-term stability, the country must implement comprehensive reforms aimed at diversifying its economy, improving fiscal management, and fostering a more vibrant private sector.

An Economist Warns Of The Collapse Of The Iraqi Economy And Provides Solutions, 11 SEPT

 Economy |  09/09/2024  Mawazine News – Baghdad  An economic researcher considered the existence of 8 hidden weaknesses in the Iraqi economy, in a comment on fears of the collapse of the economy,  

describing that the collapse essentially occurred a long time ago, and fluctuations in oil prices prolong or accelerate the final collapse.
 
Economic researcher Manar Al-Obaidi said in a statement that  with the decline in oil prices and the unprecedented rise in operating expenses to reach a growth rate in current expenditures exceeding 30% and a decline in revenues by 16%, the most important question arises:

Is the Iraqi economy facing a crisis or collapse?

The sustainability of any economy depends primarily on the  diversity of its sources and the   control and planning of its expenditures.”

He continued,  “We cannot expect the sustainability of an economy in which more than 500,000 researchers enter the labor market annually and is unable to create productive job opportunities with more than 20 to 30 thousand opportunities as a maximum, and an economy based on sales of one commodity and whose prices are not controlled through One port and only two countries.”
 
He described the Iraqi economy as “an
 
     economy based on a deteriorating business environment with no role for the private sector in turning the wheel of the economy, an
 
     economy that adopts the private sector and pastoral laws and legislation and gives preference to the public sector, a
 
     consumer economy based on an unprecedented consumption pattern without production having a role, an
 
     economy that employs more than 6 million employees with almost non-existent productivity, an  
 
     economy marred by corruptionlack of transparency and inequality of opportunities, an
 
     economy that does not have foreign investments and is unable to attract them.”  He concluded:
 
“The collapse occurred a long time ago, and the
 
fluctuations that are occurring in oil prices are merely prolonging or accelerating the collapse process, and the
 
manifestations of the collapse will be faster than the decline in oil prices.” https://www.mawazin.net/Details.aspx?jimare=254671   


Coffee with MarkZ. 09/10/2024

MarkZ  Update- 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 Tuesday Morning Mark Z, Mods and RV’ers !

​​Member: Really could use some Hopium today. Hard to watch everything play out, but we still sit here and wait. I wish I were better at patience.

MZ: I think this is important and setting the stage for a fantastic move and possible clouding the reason why??? From the Wall Street Journal . “ Iraqi Banks used US-created system to funnel funds to Iran” Iran does have a tremendous amount of influence in Iraq. Now what are they going to do?  They feel they have to crack in on this….If they do this- dinar may drop by at least 10% and the US dollar will be more in demand. 


MZ: In a news article from Baghdad today- “ It will turn the parallel market upside down-Sources: Expected decisions from the Central Bank will confuse markets and raise exchange rates”  When they say raise exchange rates…they are talking “in the wrong direction” So if one US dollar now equels 1310 dinar ….it will go to one US dollar equels 1500 dinar or so. So what they are going to do is have an auction on US dollars. They are planning on injecting ore US dollars into the markets and buy dinar off of the streets. “To help support the exchange rate” is the claim. And to help clean up the sanctions and oney laundering….

MZ:  Think about this. It will hurt the value of the dinar temporarily…..but allows them to buy it at a discount through major auctions. Suck trillions more dinar off the streets …What a great prep going into a re-valuation. It will help them justify a higher value. This may be major for us. 

MZ: This is my theory and I think it makes sense. 

Member: Sounds like bad news to me….like they won’t RV for weeks now.

MZ: If auctions are immediate- they could be ready in a day or two. I believe they will move forward quickly on this. 

MZ: Also the Iranian President is coming to Iraq tomorrow for some talks….this comes on the heels of the articles about Iraq funneling funds to Iran. 

MZ: Remember Sudani said just last week that they plan to revalue this year during his administration….I think the timing is great and they are setting the stage. 

​​ Member: Remember- by the time we see Iraq news it was already done and we are getting it after the fact?

Member: Mark-any word from your banking, bond or group connections??

MZ: Bond people are still quiet this week. They are still waiting. 

Member: I feel sorry for all the bond people that are asked to travel only to be told SOON

Member: I think the Bond people  are like us …like the Boy who cried wolf….the PTB lie to them constantly…..and we/they no longer believe anything. 

MZ: “Illinois Trucking Company with 480 drivers abruptly ceased operations”  They are contracted with the US postal service to haul mail. They are ceasing operation as of Monday and now there will be many postal trailers sitting at docks as of next week. 

Member: What is all the chatter about National Guard Troops in every major city?????

MZ: We are seeing very unusual movement with the National Guard in major cities. We don’t know the reason why….but lots of theories out there.

Member: Maybe because tonight is supposed to be a presidential debate?

Member: Wish it was because we need security when we exchange …sigh

Member: Maybe they are finally starting to clean house……start arrests?

Member: Is it our military holding things up?   So it seems!!! Every other country is ready to go!!! What’s up with that?

Member: I really hope the RV goes with Nesara/Gesara so we can all be blessed at once

Member: Amen to that. 

Member: Mark can you go over your podcast schedule this week?

MZ: I will be off to the airport for a trip stateside right after this podcast. Going to see my children for their birthdays…I will continue to do mornings…..Zester will be filling in some evenings this week …. There will be no Whiskey and Wisdom this week 

Member: Zester is a chip off the old block and is quite knowledgeable.

Member: Safe travels Mark….and have a great trip. 

Member: Markz… may your trip be uneventful & your visit exciting & relaxing!

Member: Everyone stay positive…..and keep the faith 

Member: Faith consists in believing when it is beyond the power of reason to believe.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

IRAQ BOOTS OM THE GROUND REPORT BY FIREFLY, 10 SEPT

 Frank26  

[Iraq boots-on-the-ground report] 

FIREFLY: CBI is talking about a mechanism to terminate the electronic platforms. 

FRANK:  That's right.  They can't steal the money through  that method anymore.  This is fantastic...The American dollar and the dinar are now being protected from those that were stealing  it, from Iran.  Because that was the US Treasury's #1 requirement.  We called it security and stability and so did Dr. Shabibi...     ;

 FIREFLY:A big delegation including Alaq...He went to Erbil for the economic meeting.  There was a closed meeting after the main meeting.  We expect it was mainly about the oil and gas HCL they have been talking to us about.   

FRANK:  This is all monetary reform education. 

How Iraq's Central Bank Decisions Shape Inflation and Currency Strength

DINAR REVALUATION REPORT: THE REDUCTION IN INFLATION CONTRIBUTES TO STRENGTHENING THE VALUE OF THE IRAQI DINAR, 10 SEPT

Iraq's Economic Growth and Inflation Rates in 2024: The Role of Central Bank Decisions

In 2024, Iraq's economy continues to demonstrate resilience and growth, significantly influenced by the decisions of the Central Bank.

 A key figure in this context is Mazhar Mohammed Saleh, the financial advisor to the Prime Minister, who has explained that the Central Bank's decisions have played a pivotal role in reducing inflation rates in the country

 This reduction in inflation not only benefits the general public by stabilizing prices but also contributes to strengthening the value of the local currency, offering a more stable economic environment.

Economic Growth and Fiscal Policies

According to the International Monetary Fund (IMF), economic growth in Iraq is projected to continue, supported by a fiscal expansion policy.  This expansion is critical in absorbing the rapidly growing labor force, boosting non-oil exports, and broadening the tax base. The authorities are advised to focus on enabling private sector development, including reforms in labor markets, modernization of the financial sector, and restructuring of state-owned banks, along with reforms in the pension and electricity sectors.

Inflation Rates and Central Bank's Role

Inflation rates in Iraq have been on the decline, dropping from 7.5% in January 2023 to more stable levels, as reported by the official spokesman for Iraq's Ministry of Planning, Abdul Zahra Al-Hindawi.   This decrease is credited to the effective decisions made by the Central Bank, which have contributed to stabilizing the economy. The Bank's strategies have not only reduced inflation but have also played a crucial role in strengthening the local currency, thereby enhancing the country's economic stability.

Outlook and Challenges

Despite the positive outlook, medium-term vulnerabilities associated with oil price volatility have increased significantly.  Reducing oil dependence and ensuring fiscal sustainability while protecting critical social and investment spending will require a significant fiscal adjustment. The focus should be on controlling the public wage bill and increasing non-oil tax revenues.

Conclusion

In summary, Iraq's economic growth and the stabilization of inflation rates in 2024 are attributed to the strategic decisions of the Central Bank. These decisions have not only reduced inflation but have also contributed to strengthening the local currency. However, challenges remain, particularly in diversifying the economy and ensuring fiscal sustainability.

LATEST FROM CLARE: " REDUCING THE INFLATION RATE CONTRIBUTES TO STRENGTHENING THE VALUE OF THE LOCAL CURRENCY" , 10 SEPT

 Clare 

  Article:  "Prime Minister's Advisor: Central Bank Decisions Contribute to Reducing Inflation Rates in the Country"   

Quote: "The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, explained that the decisions of the Central Bank contribute to reducing inflation rates in the country, and pointed out that economic growth contributes to strengthening the value of the local currency"

 Article:  "Zaha Hadid Architects Unveils Construction Progress of Central Bank of Iraq Skyscraper in Baghdad"  

Quote: "The Central Bank of Iraq (CBI) headquarters...is a new landmark on the banks of the Tigris River in Baghdad. Now the tallest building in the city, the 170-meter-tall skyscraper aims to echo the values of the institution: solidity, stability, and sustainability."

DINAR REVALUATION HIGHLIGHTS: " IRAQ IS IN THE FINAL STAGES OF THE MONET...

Massoud Barzani to Baghdad’s economic delegation: Differences end with dialogue, 10 SEPT

 Shafaq News / Kurdish leader Massoud Barzani stressed on Monday that the best way to end the differences is to resort to dialogue and understanding between the Iraqi federal government and the Kurdistan Regional Government.

This came during the reception of Massoud Barzani, at the resort of Salah al-Din, a high-level delegation from the federal government, including Fouad Hussein, Deputy Prime Minister of the Iraqi Minister and Chairman of the Ministerial Council for Economy, Mohammed Tamim, Iraqi Deputy Prime Minister and Minister of Planning, Taif Sami, Iraqi Minister of Finance, Hamid Naim Al-Ghazi, Secretary-General of the Iraqi Council of Ministers, and Ali Mohsen Al-Alak, Governor of the Central Bank of Iraq, in addition to a number of officials in the Iraqi government from the Ministries of Foreign Affairs, Planning, Oil, Industry, Industry, Metals, Labor and Social Affairs, as well as the General Secretariat of the Council of Ministers, the Central Bank and the Iraqi Securities Commission, according to a statement received by Shafaq News.

The statement pointed out that “during the meeting, the members of the guest delegation expressed their happiness to visit the Kurdistan Region, praising the historical role of President Barzani in building the new Iraq and the struggle against the dictatorship. They also reviewed President Barzani the objectives of their visit to the Kurdistan Region and their talks with the relevant authorities in the regional government.

The guest delegation stressed, according to the statement, that their meetings and meetings with the regional government were fruitful, stressing the need to seek to reach a full understanding in an atmosphere of trust and through a transparent and constructive vision in order to solve outstanding problems and overcome obstacles.

For his part, Massoud Barzani expressed his warm welcome to the high-level delegation to the Iraqi Federal Government, and expressed his hope that this visit and meetings will have positive results for the benefit of all Iraq and the Kurdistan Region.

Barzani also highlighted the history of the struggle and sacrifices of the people of Kurdistan in the twentieth century, and reminded the audience that after 2003 there were aspirations to build a new Iraq that would be an example of coexistence, partnership, democracy and pluralism in the region.

He stressed that the struggle of the Kurdish people was to consolidate partnership and guarantee their rights, and it is not possible to try to limit the historical cause and the countless struggles and sacrifices of Kurdistan and to shorten them on the issue of salaries or seeking to spread division and division in the Kurdistan Region, instead of respecting the demands of the Kurdistan people and compensating for the bombings and chemical weapons bombings.

The Kurdish leader stressed that “the best way to end the differences is to resort to dialogue and understanding between the Iraqi federal government and the Kurdistan Regional Government,” stressing that “we should all of us refer to the constitution in order to settle the problems while adhering to the political agreements reached between the constituent parties of the State Administration Coalition.”

Barzani praised the role and efforts of Prime Minister Mohammed Shia Al-Sudani in removing obstacles and addressing differences, and stressed the importance of having good intentions and a real and sincere will, in addition to commitment to the constitution and political agreements in order to make the dialogue process successful and settle problems.

It is noteworthy that the meeting was held in the presence of a high-level delegation from the Kurdistan Regional Government, including the Ministers of Interior and Finance, the Chief of the Cabinet and a number of officials of the Kurdistan Regional Government.

https://www.shafaq.com/ar/كوردســتانيات/مسعود-بارزاني-لوفد-بغداد-الاقتصادي-بالحوار-تنتهي-الخلافات

TNT : RATES OF IQD- $3.81, DONG: $.47, RUPIAH :$1.08 AND ZIM $.30, 10 SEPT

 TNT UPDATE 


GOOD MORNING TNT TODAY IS MONDAY SEPTEMBER THE 9TH 2024Sep 9

 LOOOOONG WEEKEND FOR EVERYBODY - NOTHING HAS CHANGED - WHEN I SAY NOTHING - I MEAN NOTHING - THEY ARE STILL SAYING IT'S ALL DONE AND WE'RE JUST WAITING1:23 PM


SOME MAY HAVE BEEN PAID OVER THE WEEKEND -DIGNITARIES - AND BANKS HAD MEETINGS - DISCUSSED ISSUES - CHANGING A FEW THINGS -1:24 PM


TALKED ABOUT HOW YOU MOVE MONEY - HOW MUCH AND TIME FRAME - MAYBE WE DID TALK ABOUT IT - TALKED ABOUT MOVING OVER 1 MILLION DOLLARS - COULD TAKE 24-48 HRS - 


BIG ISSUE IS TO DECIDE WHERE YOU WANT YOUR MONEY AND HOW TO DIVIDE IT -1:24 PM


YOU WILL HAVE TO SIGN A DOCUMENT BEFORE YOU WALK OUT THE DOOR REGARDING TAKING MONEY OUT OF THE BAC WITH YOU - EVEN WITH THE SECURITY IN THE PARKING LOT - YOU COULD BE FOLLOWED HOME IF YOU TAKE A BUNDLE OF CASH OUT - THEY WILL NOT BE RESPONSIBLE FOR IT - YOU HAVE THE OPTION TO DO IT ALL ELECTRONICALLY Sep 9


ONCE YOU HAVE MONEY IN THESE ACCT'S, YOU CAN USE THE ATM - BE CAUTIOUS - BE SECURE - KNOW SURROUNDINGS -1:27 PM


THOSE WERE THE THINGS THEY WERE DOING - MAKING SURE ALL THE BANKS - IT'S BRAND NEW TO THEM- ALL BANKS ARE INTERLINKED - SYSTEMS CONNECTED TO MOVE MONEY FASTER 1:27 PM


TAKE THAT BACK - HOW TO EXPLAIN WITHOUT OVEREXPOSURE - THERE WILL BE A SYSTEM FOR HOW TO DO THAT - NOT NECESSARILY A SYSTEM BUT A PROCEDURE FOR THE BANK TO MOVE MONEY AND VERIFY - EVEN ABLE TO OPEN ACCT AT ANOTHER BANK -1:28 PM


ALL HANDS ON DECK AT 6AM THIS MORNING - SOME BANKS HAD PEOPLE IN THERE TILL 8PM LAST NIGHT - THEY ARE THERE RIGHT NOW - THEY ARE WAITING FOR THE GO - GOT CALL AT 5:20 AM THIS MORNING - SAYING IT'S ABOUT TO GO - CALLED RAY - IT'S ABOUT TO GO - BUT WE ARE STILL HERE1:29 PM


OK - JUST GOT TEXT - TELL YOU THEY ARE THERE WAITING - THOUGHT TODAY WAS A GOOD DAY AT THE BANK - THE IMF SAID TUE/WED BUT THE BANKS WERE TOLD TODAY1:29 PM


RATES 

-DINAR - 3,81 

- DONG .47 

-RUPIAH 1.08 

- ZIM, BELIEVE IT OR NOT - SIX ZEROES 30  - .00000030 IS THE LOWEST RATE - IT'S OPENING THERE - CANNOT WAIT TO SEE THE NEW HIGH RATE - I HEARD SOMETHING 5 YEARS AGO - IF THEY OPEN UP AT SIX ZEROES 30 ,THAT'S 30 MILLION PER 100T NOTE Sep 9


RATES ON THE BOARDS - CERTAIN BANKS HAVE THEM - YOU ALL RUN TO EVERY BANK IN THE CITY - AND THEY SAY NO..... I DIDN'T SAY EVERY BRANCH OF EVERY BANK - BUT THE EXCHANGE LOCATIONS WILL HAVE THE RATES - WILL NOT GIVE IT TO EVERY PERSON YET - NOT GOING TO FIND IT AT EVERY LOCATION -1:32 PM


 EVERY BRANCH ISN'T GOING TO EXCHANGE - YOU ARE ONLY DISAPPOINTING YOURSELF - THE SYSTEM DOESN'T WORK LIKE THAT - EVERYONE WON'T HAVE THE RATE TILL IT'S LIVE SO CALL THE 800 NUMBER AND GO TO A BANK ACCREDITATION CENTER.1:32 PM

WHAT ELSE??/ ANYTHING??? - .......ALRIGHT - BASICALLY IT - HOW TO MOVE MONEY - WHAT DOLLAR AMT TO MOVE W/O HOLD - WIRES STILL 500K TO 1 MILLION - SUPPOSEDLY AGAIN, ALL DONE AND SIGNED OFF

Has the Kurdistan Regional Government agreed with Baghdad on the distribution of salaries?, 10 SEPT

 Mawazine News_Baghdad

The Kurdistan Regional Government announced today, Monday, that an agreement has been reached regarding the distribution of salaries of the region’s employees.

“The Iraqi and Kurdistan Regional Governments’ Economic Councils have reached an agreement on the issue of salaries and all obstacles and problems have been resolved,” Kurdistan Regional Government spokesman Peshwa Hawrami said in a statement received by Mawazine News. He explained that “the agreement stipulates that the federal government will send monthly salaries to the Kurdistan Regional Government, in return, the regional government will resolve the technical problems of salaries by the end of this year.”

https://mawazin.net/Details.aspx?jimare=254676