GINGER
💢 Hallelujah!! They actually Did it!! They have got their guy!!
THIRD TIME WAS A CHARM, it seems!! IRAQ has a new Speaker of the House!! 💥✅💥 Now Bring On That RV, baby!! Let's Go!! 💥😁💥 5.18.24 late night
Sunday, May 19, 2024
An economist warns of the worsening of Forex trade.. “It is being exploited to smuggle the dollar.”, 19 MAY
An economist warns of the worsening of Forex trade.. “It is being exploited to smuggle the dollar”
May 16 Information/private.. Economic expert Nabil Al-Marsoumi stressed today, Thursday, the necessity of adopting legal legislation to regulate the worsening Forex trade in Iraq, adding that it could be used to smuggle hard currency abroad. Al-Marsawi said in an interview with the Maalouma Agency,
“There are many segments of society that have begun to use it after opening public Forex trading offices,” noting that “leaving things loose in this way will make them exploited in the file of money laundering and corruption.” He continued, "The operation is large and has included trade in gold, oil, and the dollar, and there are no accurate statistics for it yet," pointing out that "the matter is not limited to large capitals, but even employees and people with middle income."
He continued, "The escalation of such operations will contribute to the depletion of the country's financial and economic situation," pointing out that "it is possible that this trade will be used to smuggle hard currency abroad."\\
In an interview with the Al-Ma’louma Agency, Ali Al-Zubaidi, a member of the Al-Fateh Alliance, called for the need for the government and the central bank to control the currency selling platform and not other countries, while he stressed that the high rates of remittances through Forex trading represent the other side of money laundering. Ended 25/Y
https://almaalomah.me/news/64733/economy/اقتصادي-يحذر-من-تفاقم-تجارة-الفوركس-تستغل-لتهريب-الدولار
"ABOUT THE NEW PILOT PROGRAM OF HONG KONG ENABLING DIGITAL YUAN PAYMENTS THROUGH MAJOR CHINESE BANKS" BY GOLDILOCKS, 19 MAY
GOLDILOCKS
"HONG Kong launched a pilot programme enabling digital yuan payments through major Chinese banks, the first example of China’s currency project being deployed beyond the mainland.
Residents of the city can now open digital yuan wallets with Bank of China, Bank of Communications, China Construction Bank and Industrial and Commercial Bank of China to pay merchants in mainland China directly, Hong Kong’s de facto central bank said in a statement on Friday (May 17)."
Hong Kong has officially launched a pilot program that will allow them to utilize the Yuan as a form of payments.
Users can use the FPS payment system. FPS stands for Faster Payments Service. FPS is a UK banking initiative allowing real-time electronic fund transfers between banks.
© Goldilocks
https://www.businesstimes.com.sg/companies-markets/banking-finance/hong-kong-officially-launches-pilot-digital-yuan-payments
"CBI ANTIBODIES ARE EVERYWHERE!!! BY FRANK26, 19 MAY
KTFA
FRANK26: "CBI ANTIBODIES ARE EVERYWHERE!!!.F26
Al-Allaq announces the success of the electronic transfer platform in combating money laundering
5/16/2024
Baghdad
On Thursday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced the success of using the electronic external transfer platform to combat money laundering.
This came during Al-Allaq’s participation in the Arab Forum for Anti-Corruption Bodies and Financial Investigation Units in the Kingdom of Saudi Arabia, according to a statement issued by the Central Bank media.
Al-Alaq delivered a speech about the efforts of the Central Bank of Iraq to spread financial transparency and collect information about the true beneficiary and exchange it at the international level, stressing the recent measures taken by the Central Bank of Iraq represented by the use of the electronic external transfer platform, which effectively contributed to determining the identity of the true beneficiary and prevented the use of external transfers. As a means of money laundering operations.
He pointed out that the use of the cash sales platform contributed to the arrival of foreign currency to the real beneficiaries who are travelers or students outside Iraq, as well as other cases that need foreign currency according to the law.
The head of the Integrity Commission, Haider Hanoun, also participated in the same forum, and Iraq's measures to combat corruption and their role in achieving development and economic growth will be presented.
Hanoun pointed out that international reports spoke of growth in the Iraqi economy represented by an increase in domestic product, an increase in non-oil revenues, and a decline in inflation.
The head of the authority warned that corruption causes a decline in investment rates and a general budget deficit.
"RV UPDATE" BY FRANK26, 19 MAY
Frank26
Community Comment: "I Remember you stated a long time ago that the float will be quick."
Yeah, IMO the hunger for the Iraqi dinar is great and the investors are almost endless. I believe when it floats it'll be like getting gunpowder on fire. It'll move fast...Within 3 months you're going to see a significant change. Within 6 months it may be done. I hope that within a year they'll cap it...IMO $3.86 to $4.25.
The CBI desperately wants these three zero notes back...If you exchange your dinars at an American bank those dinars go to our federal reserves and boy we will capitalize on it because it'll be a different rate but if we go to a private [Iraqi] bank those dinars go to the CBI. That's what the CBI wants so badly. Wait till you find out how many banks they got! They're smart. They're covering all their bases.
Article: "Sudanese directs to hold an extraordinary session next Sunday to discuss the 2024 budget schedules"
AN EXTRAORDINARY SESSION... FOR AN EXTRAORDINARY ANNOUNCEMENT!
Article: "Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and what are its risks?" Floating the dinar, oh my goodness, they are talking to the Iraqi citizens about the monetary reform...Floating the dinar is what they're going to do...
Forgive me that I jumped the gun and told you, hey this represent the lower denoms [fils] in paper form [it was a 5000 note]...The colors were wrong...The color is what threw us off. I apologize...What we taught was 100% true [though]...The CBI is teaching the Iraqi citizens about lower notes...coins...They're also teaching about fils, the coins, in paper form.
Question: "Do you think the rate will be on Forex?" Yeah! The Forex will be one of the very first to receive it.
This [these new 1000 dinar fil notes] guarantees there is a change in the Iraq dinar exchange rate because if not there's no reason for these fils whether they be in coin form or paper form. It's illogical. There's not reason for it...These fils paper or coins and the exchange rate are not activated yet. They are all in the background waiting for when Sudani says it's time.
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