Friday, August 4, 2023

BRUCE'S BIG CALL, 4 AUGUST

Bruce’s Big Call Dinar Intel Thursday Night 8-3-23   REPLAY LINK   Intel Begins   1:18:18

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHPKi

Welcome everybody to the big call tonight - It is Thursday, August 3rd and you're listening to the big call. Now, last Tuesday two nights ago, We actually did reach 191 countries - And we had just under 20 million live listeners. Tonight my team is saying that they're gonna get the call out to 198 countries - so we won't know how many that is probably tomorrow or the next day, but that's, that's really I'm encouraged and I'm excited that the big call is reaching just about every country on the globe. So that's a good thing. And Iraq, we are open to go into Iraq tonight. So that's good. Welcome Iraq and all these other countries out there. That's wonderful. All right Let's go into where we stand right now, from an Intel point of view on the blessing - we're getting information that is suggesting first of all, that they had intended to release this yesterday to us. That was the plan to let that go. It didn't happen, because it appears that there may be three things that still are needing to be done. And I said okay, what are the three things to our best knowledge and maybe, maybe one or more of these is already done. But the three things appear to be one, the political change that we've talked about - that's one thing because the elders want that to happen before all the funds are released for us. Number two, we need the Emergency Alert System and the Emergency Broadcast System or to be merged into one - one system EAS and EBS to get out the information that needs to be put out. And that could be in the form of what we would call disclosure. Okay. That was number two. Number three was the announcement of NESARA and internationally for GESARA, but for us right now for what we need - we're looking for the announcement of and a little bit of information about NESARA. Now, we do understand that some parts of NESARA and the debt jubilee is to start really right after we get notified and set our appointments and start our exchanges. We have heard that the - remember we talked about restitution and reclamation allowance - That money that is that is ours - That was traded on our birth certificates or marriage licenses, our divorce decrees, our death certificates, all of that money our tax money since we started – really - since we started working - of the interest that we pay on credit cards on home mortgages, on bank loans, personal loans, all of that - All of that, holding about 17 different variables on that. Those monies are to come back to us - And this is what I heard as of yesterday - Between the time we start our exchanges, and I'll get to that in a moment - time we start the exchanges, and between that time and the middle of the month of August, which I'm calling August 15th . So that is really going to be good. That's going to be a lot of money for a lot of people that are not even involved in the currencies, especially people 60 years and older that can opt to take that as a one time payment, a lump sum payment. And I don't know how we're going to elect to do that yet. I've yet to find that out. But we know that for those that are getting Social Security, supposedly, that restitution or reclamation allowance would be paid into that account. Where you normally get your Social Security per month. So we'll look into that. Find out if we have another call. I'll try to enlighten you on that. I'm not sure we will, though, based on the information that we have so far. As far as the timing. We only track the bondholders to see when are they going to get their notifications, which comes out by email of what their liquidity and access to those funds. When will they access their funds those funds in their accounts?. The asnswer appears to be right now for the bondholders Monday or Tuesday – Monday or Tuesday. Now, what about us? We're sort of running like a shotgun start with two or three bondholders when would we get notified. The latest information I have so far this afternoon is pointing toward Monday or Tuesday for notifications and Tuesday, Wednesday, or exchanges Monday or Tuesday for notifications - Tuesday or Wednesday for our exchanges and redemption of Zim to begin. So rates are changing at the banks every day with new rates with the trading that's going on globally. We know that the BRICS nations have basically dumped the USD Fiat dollar that we had in this country for a long time. – and that is a good thing - And we know that we are in control of the global financial system – okay - through the quantum financial system and a starlink satellite system. And we also know that as a this is as of midnight two nights ago that the black hats in the military are no longer an issue, but a longer problem that all the military is under the proper leadership of our real commander in chief. And you guys should know by now that really is and we are in full control finally, of HAARP. You guys go ?? HAARP What is that? What do you mean like a harp? No, HAARP and I can't tell you what it stands for exactly. (High-frequency Active Auroral Research Program) INFO LINKS https://duckduckgo.com/?q=haarp+project&t=chromentp&ia=web https://www.britannica.com/topic/HAARP https://anomalien.com/haarp-the-pentagons-ultimate-weapon-whistleblowers-says/ But this is a system that was created to help control the weather and provide rain and drought stricken areas or farmers and so on to produce crops where they were losing crops, not only here in the US, but other parts of the world. Well, it got taken and taken over from its rightful use and put in the wrong hands. And that's been many years now and that's one reason we've had so many hurricanes in Florida, and back to back hurricanes like a week apart. We've had all these weather phenomena that needed that would manmade through the system, and it was the Cabal that was running it – Now we are in full control of it. And hopefully now it could be used when necessary to provide rain in around stricken areas. You know, I would hope that it's used properly and I know that it will be so that's a really big deal. We’ve got the Quantum Financial System -. We've got all the military on the same page. We've got HAARP – And so now we just need to get - we just need to make sure that we have - and I don't know that we haven't but I was supposed to find out - Obviously after the call tonight. Like a lot of things happen. I'll get that information after the call is over. But I believe by tonight we should have the integration of the the Emergency Alert System with the Emergency Broadcast System. ************************ And I would say our new currency needs to be announced as well as part of NESARA - our new asset backed currency. They may not call it gold backed. That's right. The point is its the USN and it's been trading digitally - And now physically - it needs to be in the banks. - It has been for months, but it needs to be brought out so the public is aware. Hey, we have a new asset backed currency our new money does asset backed and that needs to come out and I believe that as part of this and our political turnover that we're looking for, needs to be manifest and and talked about as well. That's what we're looking to have happen here. And if we're going to get started Monday, Tuesday a notification does need to happen by the need to happen. I had a call in the middle of Bob segment that led me to believe that some things that were looking to happen may happen already today. So I'll be checking on that to see what I can learn about what actually may have transpired in the way of those areas by just discussed. So they want us in and out of the redemption center in 40 minutes. They want us to go in if you're married with a spouse, if not you go in. You can go in with an attorney And you can also go in with a close family friend or advisor If necessary, but you would need to let them know that you're through the call center using the toll free number. And yes, we will be using toll free number I think it might just be one 800 number that we use. And we'll be able to set an appointment based on the zip code as to what redemption center would be the one that we want to use, whether it's a zip code where we live, where we work, or another area where we just know what the zip code is because there's a redemption center there. All Zim goes through the Wells Fargo monitored redemption centers. Now when the redemption centers are closed in about two weeks, when there might be some stragglers that might have zim or found that they had zim and didn’t know it. Those people would go to Wells Fargo Bank to redeem that Zim after the redemption centers are closed. So keep that in mind. But if you're smart, you will go ahead and use toll free number - Set your appointment. Give yourself enough time to get there. Don't be over 10 minutes early. Do not get there more than 10 minutes before your appointment time. And that way you'll be in good shape. You'll get there and you'll be able to do your do your appointment and get in and get out of there in 40 minutes. That’s an amazing feat. This is not going to be a touchy feely, this is not going to be a warm and fuzzy. This is going to be getting this business done. This is good. They know who you are, for the most part if you bought currency they already know - and if you bought it they have your email - they've got your email, your phone number, your name, your social, they've gotten a lot of KYC - Know Your Customer - all you have to do show ID - which use a passport or driver's license when you don't have to have a utility bill. You know it shows your street address be live. And that way that way they'll say Hey, okay, this is this person. And then boom after that. It's going to be quick. The proofing up your currency, counting up verifying it on the Delarue Machine. You'll be basically in front of a group of three people. Three people If you have bonds – There’s a fourth person will be dealing with sheet bonds, like German bonds, Chinese bonds, railroad bonds, all that stuff. Most of us have currency and a lot of us have the Zimbabwe dollar currency which is a bearer bond. Okay. We'll be presenting three people. And one of those people already knows everything basically that they need to know about you. And then the you're going to basically go through and proof up your currency. They're going to verify we'll be setting up an account for you with Wells Fargo, and then you'll be also setting up a quantum financial system account QFS account with what I call a quantum card, which is a way a cue card and that's the way to take funds that are put into your quantum account and move them into your primary or secondary Wells Fargo account. They want you to have no more than three different banks that will be connected to your quantum account. Overlook no more than three banks so you'll be able to move funds into one two or three banks as needed. Okay, so you got five, eight minutes to do a presentation. Make sure you have a presentation and especially for world class, the best form And then once you get on your presentation you finished that you'll be getting your card done - your credit debit card that you can use on your Wells Fargo primary or secondary account to get that - and you'll be getting a book a 55 page book unless it's increased on who not to contribute money to send money to look at that go through that. And then also want to they probably will give you a two or three page saying on the benefits or the perks - the perks that the bank would give you by staying with them. And they'll be just free deals or things that could be pretty interesting. We'll have to see what they look like. We'll be able to afford anything we want. But some of these might be nice. Alright, so then they're going to kick you out. And then when you walk out of there, you can take a deep sigh of deep breath and start smiling. Oh, don't forget they're gonna give you a cue phone. No, they won't tell you anything about it. They're just gonna send you out with it. and it also sent give you a certificate up to $1,000 that you can use to purchase a new laptop at one of eight different retails stores. That's a lot. I can barely say everything that's going to happen in 40 minutes. you're going to be doing everything that you are convey on us or any kind of celebration, celebration, assume that we know of. That's a lot. I can barely say everything that's going to happen in 40 minutes. You're going to be doing everything that and listen guys, this happens. Hopefully it will be Monday /Tuesday, turning into Tuesday, Wednesday for exchanges - Be very diligent and careful about celebration. Remember, you're not supposed to you know you got to keep your mouth shut on this thing. You're not to disclosure – you’re going to be under an NDA for at least 30 -60 days and a nondisclosure agreement. So you're not going to discuss with anybody. You can't talk about rates. The only people you can exclude from your NDA are people that you let them know, on a sheet that you've typed out, your project partner, maybe maybe an attorney, maybe a family member, certain people that kind of know about it, that you would want to share certain aspects of the information with that are exclusions to the NDA. That's an addendum that you would have to bring a sheet say these people might be two or three could be six, seven or eight, these people I’m excluding from my NDA, and they turn that off and get their signature on it. And then you know, they would approve that basically they're proving that - So that's what we're gonna say. Now, it is interesting that Tuesday is the eighth of August. And as you guys know, is a big number when it comes to China. And it could very well be that that is either - either the day that the notifications go out to us, or it could be the first day of our exchange. So it's like Monday, Tuesday or Tuesday, Wednesday, depending on how you look at this. Alright, so that's pretty much everything I wanted to say to everybody tonight. Thank you So that's really what I wanted to say to you guys. I think things are happening and bondholders are looking forward to being paid. We're looking forward to being notified you will get a toll free number to us to call and set your appointment. So if anybody says something different, They're not really up to speed. All right. so let's pray the call out. let's stay in prayer and faith for this and let's speak it into existence as we walk and do everything that we're doing on a normal life.

Nader from the mid east peril market explanation IQD exchange bank and o...

"CBI REVEALED NEW DECISIONS THAT WILL BE ISSUED NEXT WEEK TO REDUCE PRICE OF USD", 4 AUGUST




DINAR IRAQ & DONG VIETNAM


 

IRAQ NEWS, 4 AUGUST

Dollar's momentum weakens before payrolls assessment

Shafaq News / The dollar hung back from a four-week high against major peers on Friday as investors looked ahead to a key jobs report that could influence the path for U.S. interest rates.

Sterling traded higher after recovering knee-jerk losses following the Bank of England's decision to downshift to a quarter point rate hike on Thursday.

The yen hovered near the middle of its trading range this week as traders tried to gauge the Bank of Japan's tolerance for higher yields following last week's surprise policy tweak.

Meanwhile, the Australian dollar strengthened amid a flurry of positive news, from the resolution of a barley standoff with China to new stimulus signals from its key trading partner, and just a generally more positive environment for risk assets.

The U.S. dollar index , which gauges the currency against a basket of six counterparts, edged 0.06% lower to 102.39 in Asia. On Thursday, it had pushed to the highest since July 7 at 102.84 at one point, but lost steam later in the day with the monthly nonfarm payrolls report looming on Friday.

The whisper number for payrolls may be higher than the median forecast among economists for a 200,000 increase for July, following reports this week showing low levels of initial jobless claims and much stronger than expected ADP employment data, Kristina Clifton, an analyst at Commonwealth Bank of Australia, wrote in a note.

"The implication is the USD may pull back sharply if payrolls print below or even in line with the reported consensus," she said.

The dollar slipped slightly to 142.40 yen , as long-term Treasury yields - which the currency pair tends to track closely - retreated from Thursday's nearly nine-month high at 4.198% in Tokyo trading.

Sterling rose 0.19% to $1.27335, after dipping as low as $1.2620 on Thursday for the first time since June 30 after the BoE decision, despite a warning that rates were likely to stay high for some time.

https://shafaq.com/en/Economy/Dollar-s-momentum-weakens-before-payrolls-assessment

----


CBI Rolls a List of Decrees to Control Illegal Forex Exchange


Shafaq News/ The Central Bank of Iraq (CBI) has issued a list of regulations to control the foreign currency trading in the parallel markets, reiterating its commitment to providing currency through official channels for all legally permissible transactions.

"The source of the US dollar circulating in the local markets is the Central Bank of Iraq, which offers it through banks and exchange companies at the official rate of 1320 dinars per dollar," the CBI said in a press release, "the so-called 'parallel market' has no truth to it, and what is traded is speculative with fixed-price currency, and is illegitimate trading."

According to the statement, the CBI is the primary source of foreign currency in Iraq, and all claims of an independent "parallel market" are entirely unfounded. Such descriptions are only applicable when the market has its particular sources from private sector exports, local tourism, residents' transfers abroad, etc.

As part of its strategy to achieve the main public objectives, including stabilizing the exchange rate, the CBI has also announced a new system focusing on the execution of all foreign remittances and documentary credits via an electronic platform. This platform allows for meticulous pre-audit checks, verification of the final beneficiary, and safeguards all parties from both domestic and international risks.

In addition to this, personal remittances abroad for education, healthcare, personal needs, and retiree salaries for residents abroad will be facilitated through international money transfer companies like Western Union and MoneyGram.

Travelers will be provided with dollar bills at the official rate through banks and exchange companies, and these transactions will be carried out through an electronic platform for verifying the authenticity and purpose of these amounts.

The mentioned system, in its three dimensions, limits any practices that could expose Iraq and its banking sector and financial institutions to risks. By providing and opening these channels for legitimate purposes, dealing with the dollar outside of them becomes an illegal practice subject to legal accountability towards the parties involved. No party or individual has the right to trade a dollar originating from the Central Bank, which sets the price, channels, limits, and purposes for its use. Trading and dealing with it outside of authorized entities is considered a prohibited activity under the law. As stipulated by the Banking Law No. (94) of 2004 in Article (3), no person is allowed to engage in activities involving the receipt of deposits or other payable funds from the public without obtaining a license or permit issued by the Central Bank of Iraq.

The implementation of the foreign remittance system, documentary credits, and cash sale of foreign currency involves achieving economic, regulatory, and legal objectives, including the following:

1. Enhancing Anti-Money Laundering and Counter-Terrorism Financing Measures: It aims to fend off local and international sanction risks for all related parties.

2. Ensuring the Integrity and Transparency of Iraq's Imports: By directing imports within channels that ensure the safety and transparency of operations, the system also provides essential data and information for planning, regulation, and control purposes.

3. Generating Additional Revenue for the State: This can be achieved by subjecting all imports to comprehensive registration procedures and subsequent fees.

4. Gaining the Trust of Credible International Banks: This move will expand the network of relationships between the local and foreign banking sectors and increase the number of Iraqi bank correspondents.

5. Closing Illicit Foreign Transfer Channels: It also helps in containing the proceeds of crimes and corruption and preventing them from escaping abroad.

6. Preventing Import Goods from Being Affected by Exchange Rate Differences: This includes avoiding the higher costs incurred when purchasing at an unofficial market rate from the black market, leading to price increases and a negative impact on the citizens' purchasing power.

"The people who buy the dollar from the market and provide an opportunity for speculators and beneficiaries, and trade at an unofficial exchange rate, are:

1. Importers among traders: who do not follow the proper methods in foreign transfer operations (remittances and documentary credits) through the electronic platform, available to them at the official rate. They attempt to collect cash dollars exclusively allocated for citizens' travel from the market, or by using electronic payment cards designated for citizens' purchases and expenses abroad or for personal transfers for legitimate purposes.

2. Importers of prohibited or narcotic substances such as drug dealers, or materials that do not pass through official border crossings to escape legal or customs requirements, such as importers of cigarettes and some importers of precision devices. They resort to the market to buy dollars not allocated to them to settle their obligations.

3. Those who achieve returns from the proceeds of crimes, such as bribes, thefts, kidnappings, extortion, sale of prohibitions, etc., and seek to transfer them abroad to conceal them.

4. Citizens who pay for their purchases of goods and services inside Iraq in dollars, prompting them to buy the dollar from the market. Since there is no allocation from the Central Bank's dollar sales for this purpose, their purchase comes from a share allocated for other purposes, especially travel."

"To address the mentioned phenomena, and reduce the phenomenon of the illegitimate market and a higher exchange rate than determined, work is underway with the government and related entities to take the following measures:

- Requiring traders and importers to use the designated channel through the electronic platform, achieving the objectives of this system and preventing the use of cash dollars in the market for purposes other than their intended ones. This requires obliging this category to provide proof of their import amounts originally when their goods enter Iraq at official border crossings.

- Encouraging and supporting the traders' categories to enter the electronic platform by simplifying procedures, especially tax ones, defining their ceilings in advance according to categories, and depositing them in the account of the General Tax Authority through their accounts in banks.

- Tightening control over official border crossings and closing unofficial ones, coordinating between the federal government and the regional government regarding regulating the entry of goods and the fees imposed on them, and preventing the entry of prohibited and legally banned materials.

- Strict application by the competent authorities of Cabinet Resolution No. (23026) for 2023, which includes limiting the sale and purchase of goods and services in Iraqi dinars within Iraq."

"We call for providing official, popular, and media national support in implementing the above, to achieve the referred goals, preserving the integrity of the movement of funds and foreign trade, and warding off risks from the country and its banking sector and financial institutions, through compliance with the rules of the law on combating money laundering and terrorist financing, and related international standards and practices," it concluded.


https://shafaq.com/en/Economy/CBI-Rolls-a-List-of-Decrees-to-Control-Illegal-Forex-Exchange


"10 Best Growth ETFs of 2023", 4 AUGUST

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In the period that began after the 2008 financial crisis and lasted until the beginning of the Covid-19 pandemic, growth stocks widely outperformed value stocks. Value outperformed growth during the challenging years of 2020 and 2022. This year, growth stocks have roared back to life once again, overtaking value stocks.

If you believe that growth stocks still have room to run, consider adding a growth ETF to your investment portfolio. To aid your search, Forbes Advisor has identified the best growth ETFs available in the market today, featuring above-average returns, low expense ratios and strong ratings from Morningstar.

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Vanguard S&P Small-Cap 600 Growth ETF (VIOG) 0.15%

iShares Morningstar Small-Cap Growth ETF (ISCG) 0.06%

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iShares MSCI EAFE Growth ETF (EFG)

https://www.forbes.com/advisor/investing/best-growth-etfs/

Coffee with Mr. Cottrell and MarkZ 08/04/2023

"THE CBI ISSUES A STATEMENT REGARDING DEALING IN USD AND THE EXCHANGE RATE", 4 AUGUST

 The Central Bank of Iraq issues a new statement regarding dealing in dollars and the exchange rate

2023-08-03 03:27
The Central Bank of Iraq issues a new statement regarding dealing in dollars and the exchange rateShafaq News/ The management of the Central Bank of Iraq considered, on Thursday, what is being traded in the markets of the exchange rate of the dollar against the dinar by speculators “illegitimate”, calling for the need for all parties to join hands to achieve stability in the exchange rate, especially that Iraq has sufficient foreign reserves to meet legitimate needs.
Shafaq News Agency publishes the text of the statement issued by the Central Bank administration:
Following up on the recent developments in the local markets, especially with regard to trading an unofficial exchange rate in the platforms and daily transactions and its unreal and artificial fluctuations, requires us to clarify the basic facts related to the trading of foreign currency (the US dollar) in the local markets, and the role of the Central Bank of Iraq in providing the currency foreign affairs through its official sources, which included all legally permitted transactions, and prevented other illegal transactions. And the need for all relevant parties to unite and cooperate in order to achieve the main general goals, including the stability of the exchange rate in light of the presence of sufficient foreign reserves to meet the legitimate needs of citizens, merchants and investors in foreign currency.
Hence, we would like to state the following:
The source of the US dollar circulating in the local markets is the Central Bank of Iraq, which offers it through banks, exchange and mediation companies, at the official rate (1320) dinars per dollar. Accordingly, what is called the “parallel market” has no reality, as this description is given when the market has its own sources of foreign currency, through private sector exports, local tourism, remittances from residents abroad, and others.
In order to achieve the goal of controlling the movement of funds and foreign trade, and in implementation of the Anti-Money Laundering and Terrorist Financing Law, and in order to enhance the application of international standards, the new system is based on:
The implementation of all foreign transfers and documentary credits through the electronic platform, in which all operations are pre-checked in all respects, and the final beneficiary is verified, which protects the banking sector, non-bank financial institutions and all parties to those operations from the risks they face locally and internationally. Legitimate transfers without limits or restrictions, and the Central Bank does not set ceilings for banks authorized to conduct the transfer. Rather, this depends on the bank’s ability to attract customers, the validity and accuracy of operations, and the number of its accredited correspondents abroad.
Carrying out personal transfers abroad, such as wages for studies, treatment, purchasing personal needs, residents’ transfers, pensions for residents abroad, and others, through international money transfer companies, such as “Western Union and Money Gram.” Citizens are also allowed to use electronic payment cards to be used to purchase goods and services abroad. All these operations and others are covered by the Central Bank at the official established exchange rate.
Providing cash dollars to travelers at the official rate set, through banks and exchange and mediation companies, and these operations are carried out through an electronic platform to verify the safety of operations, and the correct use of those amounts for traveling citizens. This platform is currently being developed with strict verification procedures and limiting its use to the specified purpose and at the prescribed price.
The aforementioned system, with its three dimensions, limits any practices that would expose Iraq and its banking sector and financial institutions to risks, and by providing these channels and opening them for legitimate purposes, it makes dealing in dollars outside it an illegal practice subject to legal accountability towards the parties involved in its practice, as no party has the right Or a person trading in dollars issued by the Central Bank, which determines a price, channels, limits, and purposes for its use, and its circulation and trading outside the licensed authorities is a prohibited activity according to the law, as Banking Law No. (94) of 2004 stipulates in Article (3) that no person has the right To engage in the business of receiving deposits, or other funds payable by the public, without obtaining a license or permit issued by the Central Bank of Iraq.
The application of the system of foreign transfers, documentary credits and cash sale of foreign currency involves achieving economic, regulatory and legal objectives, including the following:
Enhancing anti-money laundering and terrorist financing measures, and preventing the risks of local and international sanctions from all relevant parties.
Bringing Iraq’s imports into channels that ensure the safety and transparency of operations, and providing important databases and information for planning, organizing and control purposes.
Achieving additional revenues for the state by subjecting all imports to procedures for comprehensive registration of their details and the resulting fees.
Gaining the trust of accredited international banks, which expands the network of relations between the local and foreign banking sector, and increases the number of Iraqi bank correspondents.
Closing the outlets for illegal foreign transfers, besieging the proceeds of crime and corruption, and preventing them from finding a way to escape abroad.
Not charging imported goods the exchange rate difference resulting from paying a higher price when buying it at the unofficial price on the black market, which leads to higher prices and a negative impact on the purchasing power of citizens.
The groups that buy the dollar from the market and create an opportunity for speculators and beneficiaries to trade an unofficial exchange rate are:
Importers of merchants who do not follow the fundamental methods of external transfers (remittances and documentary credits) via the electronic platform, which is available to them at the official price, through attempts to collect cash dollars that are exclusively for citizens’ travel from the market, or by using electronic payment cards designated to pay citizens’ purchases and expenses abroad. , or for personal transfers for legitimate purposes.
Importers of prohibited or narcotic substances such as drug dealers and others, or of materials that do not pass through the official border crossings, to escape the requirements of the law or customs, such as importers of cigarettes and some importers of precision instruments, so they go to the market to buy dollars that are not allocated to them to pay their bills.
The category that generates revenues from the proceeds of crimes, such as bribes, thefts, kidnapping, extortion, selling contraband, etc., and they transfer them abroad to hide them.
Citizens who pay for their purchases of goods and services inside Iraq in dollars, which prompts them to buy dollars from the market, and since there is no allocation from the central bank’s sales of dollars for this purpose, their purchase is from a share allocated for other purposes, especially travel.
In order to address the aforementioned phenomena, and reduce the phenomenon of the illegal market, and an exchange rate higher than the prescribed one, work is being done with the government and the relevant authorities to take the following measures:
Merchants and importers use the prescribed channel for that, via the electronic platform, to achieve the objectives of this system and prevent the use of cash dollars in the market for other than its purposes, and this requires obligating this category to provide evidence that the amount of their imports has been duly transferred when their goods enter Iraq at the official border crossings.
Stimulating and supporting categories of merchants to enter the electronic platform by simplifying procedures, especially tax ones, defining their ceilings in advance according to categories, and depositing them in the account of the General Tax Authority through its bank accounts.
Tightening control over the official border crossings and closing unofficial ones, coordinating between the federal government and the regional government regarding the organization and unification of entry procedures for goods and the fees imposed on them, and preventing the entry of prohibited and legally prohibited materials.
The competent authorities undertake the strict application of Cabinet Resolution No. (23026) for the year 2023, which includes limiting the sale and purchase of goods and services in Iraqi dinars inside Iraq.
We call for the provision of official, popular, and media national support in implementing the aforementioned, to achieve the aforementioned goals, in a way that preserves the safety and soundness of the movement of money and foreign trade, and staves off risks for the country, its banking sector, and its financial institutions, by adhering to the rules of the Anti-Money Laundering and Terrorist Financing Law, and international standards and practices. related to.

The Central Bank Intends To Take New Measures To Ensure A Reduction In The Dollar Exchange Rate

 Aug 3 21:37  Information / Baghdad...Today, Thursday, the Central Bank identified three categories of exchange companies for selling dollars to travelers, and while revealing a proposal regarding the entry of imported goods through border crossings, it indicated that  there are new decisions that will be issued next week that may contribute to lowering the price of the dollar.

Deputy Governor Ammar Hamad Khalaf said in a statement to the official TV, followed by / information / that "the Central Bank provides exchange companies with weekly quotas of the dollar for the purpose of selling it to travelers at the official price and in limited quantities of 3 thousand dollars per traveler," indicating,

"These exchange companies are licensed through The Central Bank is in accordance with controls and is in compliance with the Anti-Money Laundering Law. 

He added, "One of the basic tasks of all exchange companies A, B, and mediation C is to provide dollars to travelers at the official rate and in the quantity specified by the Central Bank," noting,

"There is an electronic platform that the Central Bank has been working on developing since the beginning of this year, and all dollar sales to citizens are done." Through this platform that is closely monitored by the Central Bank.  And he stated,

“The Central Bank finances the market in dollars through this platform for categories of merchants and small traders and through exchange companies for travelers only.” And

Al-Rasheed through its outlets at airports, while exchange companies are specialized only in the process of selling dollars to travelers]. 

And he indicated that  "the Central Bank submitted a proposal to the ports and customs, which is that any goods entering Iraq must ensure that the merchant has financed these imports through the Central Bank of Iraq," pointing out,

"The printing of the Iraqi currency will not be random."

Regarding the increase in the monetary mass, Khalaf stressed that

"the process of increasing the monetary mass is directly linked to the process of increasing the foreign reserves owned by the Central Bank,

so any financing for the public treasury is through the exchange of dollars obtained from oil sales with dinars, and therefore any increase in the dinar mass comes mainly from foreign currency."".

And on the exchange rate, Khalaf confirmed that "the Central Bank issued several decisions related to the banking sector," explaining that

"other decisions will be issued next week, which may contribute significantly to reducing the exchange rate of the dollar." ended 25 n

https://almaalomah.me/news/economy/البنك-المركزي-يعتزم-اتخاذ-إجراءات-جديدة-لضمان-خفض-سعر-صرف-ال


LAWER UPDATE, 27 DEC

  LAWER #IQD Iraq is not 100% digital . You guys fail to read full articles and come to a conclusion based on other creators . That ne...