Parliamentary Integrity opens the “Travelers’ Dollar” file and warns against imposing taxes on citizens
Parliamentary Integrity opens the Travelers Dollar file and warns against imposing taxes on citizensShafaq News/ The Parliamentary Integrity Committee announced, on Tuesday, the opening of an investigation into the file of granting dollars to travelers due to suspicions of corruption, while warning of imposing taxes on citizens who received dollars from the electronic platform and did not travel.
Committee member Ahmed Al-Rubaie told Shafaq News Agency, “The electronic platform for granting dollars to travelers has become a type of corruption, whether directly or indirectly,” noting that “there are many parties involved, starting with the Central Bank, considering that the movement of funds originates from the bank. Tourism companies that receive passports and travel documents for the purposes of booking an airline ticket or travel visa, and banking companies that give dollars to people who are not travelling.”
He added, “We received many complaints from citizens who had travel tickets and visas but did not travel. As a result, the dollar was tampered with and the documents of these people were withdrawn from the passenger platform.”
Al-Rubaie stated, “The Parliamentary Integrity Committee sent official letters to the Central Bank and the Integrity Commission for the purpose of conducting investigations in a transparent and high-level manner. This issue poses a danger to citizens who withdraw money in their names, and the taxes imposed on citizens may reach billions of dinars.”
The Rafidain State Bank decided on Tuesday to wait to sell dollars to travelers in some of its branches in Baghdad due to the Central Bank of Iraq not enhancing its share of the American currency.
—While I believe in apologizing when I have done something wrong, but since I have no literature to support the following,
just the fact that the source is responsible for multiple clearinghouses for a tier one bank in 5 states,
it has been conveyed to me that Without unforeseen interruptions you should receive notifications within a few hours, probably the opening of the BANK IN RENO, but possibly sooner.
TRANSLATION IN SPANISH:
Jueves 28 Septiembre 2023
Texas Snake: Dice
— Si bien creo en disculparme cuando he hecho algo mal, pero como no tengo literatura que respalde lo siguiente,
solo el hecho de que la fuente es responsable de mĂșltiples centros de intercambio para un banco de nivel uno en 5 estados,
me ha transmitido que sin interrupciones imprevistas deberĂa recibir notificaciones en unas horas, probablemente la apertura del BANCO EN RENO,, pero posiblemente antes.
A Concerned Parliamentarian Is Surprised That The “Oil And Gas” Law Has Not Been Approved Yet.. What Does He Need?, 29 SEPT
On Thursday, Representative Sajjad Salem of the Parliamentary Legal Committee discussed the Oil and Gas Law.
In a statement, Salem clarified that the law is currently just a draft and has not yet been presented to the Iraqi Council of Representatives. Passing this law requires a political agreement between the various political blocs, but there are still disagreements on the matter. Additionally, there are negotiating committees working on the oil and gas law between the central government and the region.
He emphasized the significance of the oil and gas law, particularly since we are an oil-producing state. It is unacceptable that this law has yet to be implemented, as it should be based on the constitution and must address wealth sharing, wealth management, and joint oil field management. Furthermore, it should adhere to the decisions of the Federal Court, which are now binding and must be carefully considered.
The Iraqi dinar is playing with the dollar on borrowed time
The more Washington pressures the Central Bank of Iraq and Iraqi banks, the more Iraq benefits by escaping the control of the US dollar over its economy.
The primary player has re-entered the field, exerting control over Iraq’s economy, and Washington has reasserted itself as the captain to lead the match. The people are fully aware of who is in charge of this game and managing the matches.
At times, we witness satisfaction with the government’s economic dealings with the US Federal Bank and compliance with the World Bank’s requirements. However, there are also instances where new regulations are implemented to limit the movement of the dollar and impose penalties on Iraqi private banks that engage in unauthorized currency trading operations.
Washington’s current justification for their actions is that Iraq has failed to comply with Federal Bank regulations that limit the smuggling of dollars abroad, particularly to Iran, which is facing strict American sanctions. They believe that Baghdad has not taken necessary measures to stop the flow of currency, whether through the Kurdistan region or other outlets connected to Iran’s neighboring countries.
Despite the Sudanese government’s efforts to prevent the smuggling of the dollar abroad, control the internal market, and promote the use of the dinar in daily commercial transactions, Iraq is still struggling to curb this illegal activity. As a result, Iraq is exploring alternative plans to reduce demand for the dollar and facilitate trade in other currencies such as the euro, Chinese yuan, and Emirati dirham. The aim is to support the country’s external dealings and finance its operations.
The Central Bank of Iraq has implemented various measures to regulate the exchange of the dollar in the market. However, it has yet to establish an effective system to control its movement. Despite its efforts to reform the system, the exchange rate remains unregulated and the crisis has worsened. As a result, the relationship between Iraq and the World Bank has been strained, leading to stricter measures on international transactions from Iraq. Many of these requests have been rejected due to non-compliance with international economic standards. Furthermore, several banks suspected of conducting unauthorized cash transactions have been blacklisted.
If the Central Bank of Iraq implements a flawed monetary policy, it could have negative consequences for the financial system and the daily financial transactions of the people. Additionally, crime syndicates may have a hold on the Iraqi market and the movement of the dollar within it. The government aims to control the dollar to promote economic growth, ensure stability of the dinar’s value, and increase its commercial use. Measures will also be taken to prevent the dollar from being smuggled out, hoarded, or manipulated in pricing.
It is a positive step to reduce the influence of the dollar on the Iraqi market and prevent its circulation. This will help to restore the reputation of the dinar and ensure it has control over the internal market. This presents an important opportunity to restore the dinar’s prestige to its former level and restrict the use of the dollar to foreign transactions. A significant benefit of these decisions is that it will put an end to traders’ manipulation of the market and the impact on the lives of ordinary citizens.
Iraq is keen on becoming a member of the BRICS bloc as a means to reduce reliance on the US dollar. The citizens of Iraq are open to utilizing the Iraqi dinar in their transactions. The upcoming BRICS summit in Cape Town, South Africa, in August 2023 is eagerly anticipated, and Iraq has submitted 19 official requests to join the coalition. The growth of the BRICS currency poses a potential threat to the value and future prospects of the US dollar. Although the BRICS currency has not been issued yet, its potential impact on the US dollar is a cause for concern.
I believe on the 28th Iraq is going be in a position to do financial international transfers without any restrictions.
Oh, boy! Wouldn’t that be great?
I believe it’s a 10 day period…28th to 8th of next month…I believe in these 10 days we’re also going to see the HCL.
And I believe without a doubt, the reason why we haven’t added the HCL and everything else is because we don’t have a new international exchange rate
…It is fantastic. These 10 days have great potential for may things to be paid.
[Iraq boots-on-the-ground report]
FIREFLY: The television is saying from the advisor to Sudani within 72 hours there will be a change to the dollar exchange rate. If that’s true that means our exchange rate automatically changes too.
They’re saying the dollar rate will have a mechanism applied through which will control the parallel market rate. They said Sudani and the CBI have many proposals and papers…to fix the issue. And within 72 hours we will see all this applied to fix the dollar exchange rate.
On the 28th – go international financial transfers. On October 1st – all international private satellite banks of the CBI around the world to be opened. On 3rd – for them to have an Independence Day...
In the days to come a new currency will be given to the Iraqi citizens IMO. This is a forewarning a new exchange rate is coming but the new exchange rate won’t come out until they give the new currency or simultaneously.
In October Social Security payments for ages 70 on up will increase (up to $5,200).
On Sun. 1 Oct. the new international rate for the Iraqi Dinar could be made public.
On Sun. 1 Oct. the new gold/ asset-backed US Note will be active.
On Sun. 1 Oct. Bond Holders would be notified to set appointments, with their funds available to them on Mon. 2 Oct.
On Mon. 2 Oct. Tier4b would be notified to set exchange and redemption appointments, with appointments starting on
Tues. 2 Oct. according to instructions given to Redemption Centers.
On Tues. 2 Oct. Iraq would likely declare that they were a Sovereign Nation during their National Day celebrations, although their Sovereignty could be announced in connection with announcement of the new Dinar International Rate on Sun. 1 Oct.
The second week of Oct. the restitution and reparation funds will be given out for seniors over 60 in a lump sum; for ages 50-60 they will be paid out over a 12 month period and ages 30 to 49 paid out over a 15 year period.
The SS R&R payments start on a monthly basis beginning in Jan. 2024.
On 1 Jan. 2024 the fiat US Dollar will be worth nothing.
Starting 1 Jan. all currencies across the Globe will be on par 1:1 with each other.
At each Redemption Center will be three Delarue currency machines to verify the currencies, so three appointments could be going on at the same time.
If you are below the age of 60 you have to have a job to receive the R&R benefits.
Each country will be minting and printing their own gold/asset-backed currencies.