Monday, September 18, 2023
Al-Fateh: The Sudanese government thwarted the region’s attempt to push Washington into the crisis line, 18 SEPT
Al-Fateh: The Sudanese government thwarted the region’s attempt to push Washington into the crisis line
A shocking number in the number of electronic financial cards in Iraq, and this is the amount allowed to be withdrawn daily, 18 SEPT
A shocking number in the number of electronic financial cards in Iraq, and this is the amount allowed to be withdrawn daily
On Sunday, financial and banking experts revealed the number of electronic financial cards in Iraq and the size of the amount allowed to be withdrawn daily.
Financial and banking expert Dr. Mahmoud Dagher said in an interview with the Al-Thamia program presented by our colleague Ahmed Al-Tayeb told that “the number of electronic financial cards has exceeded 20 million cards in the country,” explaining that “the amount that is allowed to be dealt with daily via the card is $1,400.” For a regular card.
He pointed out that “a large portion of the dollar in Iraqi markets goes to Iran,” noting that “transfers through the platform do not allow any transfer to go to the sanctioned entities.”
Dagher continued, “Bank owners will no longer be involved in transfers to banned entities,” noting that “Iran will not be able to enter a single dollar except with the approval of the United States and through the European mechanism.”
He pointed out that “Iraq cannot solve Iran’s major problems with the international community,” explaining that “the stock exchange for selling the parallel dollar is not in Baghdad.”
For his part, Mustafa Akram Hantoush, an economic expert, said, “The US Treasury Assistant Secretary’s goal in visiting Iraq is to stop the smuggling of dollars across the border, and she is responsible for stopping the smuggling of dollars to banned groups.”
He pointed out that “there is a process of collecting small remittances in some non-sanctioned countries and then they are resold locally,” noting that “banning new Iraqi banks has become useless for the United States.” link
Coffee with MarkZ 09/18/2023
"RV UPDATE" BY MARKZ, 18 SEPT
MarkZ
[via PDK] Question: Fact or fiction…some dinar sellers are being told they can no longer sell? MarkZ answer: Fact. Some of the smaller dealers have had their supply and purchasing limited as to what they can buy at all…yes…I have talked to a couple of smaller dealers that have had their access cut off so they can no longer get it. They can no longer get dinar. So, is this important or is this the US stopping dinar from getting outside and flowing to Iran?
Member Comment: I am hearing Tuesday is our day. MarkZ: That timing certainly fits. We are also expecting an announcement from the Iraqi officials here in the states at that same time.
Most of the news we are expecting should start tomorrow or Monday coming out of Iraq...
we are expecting a lot of activity tomorrow and Monday.
Well…this surprised me, but I got it from 3 different sources that they are (with hopeful anticipation) keeping a skeleton crew in call centers/ redemption centers and working on how they are going to handle appointments... I think this is good news. I think it's comforting that the banking side of this is taking it seriously and has a small crew ready - just in case they pull the trigger.
Question: Do we know why Iraqi delegates are coming to DC on Sun-Tues?? MarkZ answer: I believe it is for an announcement that will make us all very happy. At least we sure hope so.
Al-Bayati: Iraq has its options to deal with currencies alternative to the dollar, 18 SEPT
Al-Bayati: Iraq has its options to deal with currencies alternative to the dollar
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