The Political Agreement Paper Is A Binding Document For The Government, And Limiting Black Market Transactions Is Firmly Underway, 29 SEPT

 The Political Agreement Paper Is A Binding Document For The Government, And Limiting Black Market Transactions Is Firmly Underway

Baghdad/Al-Masala Al-Hadath: The political advisor to the Prime Minister, Fadi Al-Shammari, stressed that the government does not have a magic wand to limit black market transactions, but it is moving forward with confident steps to address it.

The political advisor said in a televised statement followed by Al-Masala: The Prime Minister sent to the world in New York multiple messages about the form of the new Iraq that we want. International relations, internal stability, the fight against corruption, the establishment of security, and the file of services, electricity, and health are among the Prime Minister’s priorities.

He added that the corruption file was present in the Prime Minister’s speech to the world and he called it the “corruption pandemic” and considered it one of the basic challenges that the government insists on confronting, while he issued important messages about human rights, addressing the displaced file, post-ISIS harbingers, compensating affected civilians, and providing the basic necessities of life for their return. And their stability.

He continued that the Prime Minister announced a very important file, which is the approval of the civilian protection policy, as Iraq is considered one of the first countries in the region that will adopt the policy of protecting civilians in wars, conflicts and disasters, pointing out that the Prime Minister’s meetings with the US Treasury and the Federal Reserve were successful, and the Prime Minister adopted the economic networking policy. To advance the country.

He pointed out that the political agreement paper is a binding document for the government, as it is the platform that the House of Representatives voted on, and these are understandings that serve the country.

He noted that the trade exchange between Iraqi and Iranian merchants amounts to approximately 20 million dollars per day, and this causes significant pressure on the currency file, stressing that the government does not have a magic wand to limit black market transactions, but it is moving forward with confident steps to address it.

He pointed out that the government calls on citizens to use the electronic card in financial transactions and that the Iraqi development path is the most feasible from a purely economic perspective and will build a new Iraq along the western side of the country.

He expressed that international companies will work to build city corridors along the development road, which will pass through 10 governorates, reaching the Iraqi-Turkish border, from where it will be connected to the highway network in Turkey.

He continued by saying: The development road will transform the areas located on either side of it, 7 km on either side of the road, along the line (16,660,000 km) into cities, factories, factories, warehouses, and investment projects that contribute to diversifying sources of income.

He concluded his speech by saying: Industrial cities will be established along the path of development.

https://almasalah.com/archives/68145

Parliamentary Integrity opens the “Travelers’ Dollar” file and warns against imposing taxes on citizens, 29 SEPT

 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.

shafaq.com

"RV UPDATE" BY TEXAS SNAKE, 29 SEPT

Thursday September 28, 2023

Texas Snake: Says

—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 múltiples centros de intercambio para un banco de nivel uno en 5 estados, 

me ha transmitido que sin interrupciones imprevistas debería recibir notificaciones en unas horas, probablemente la apertura del BANCO EN RENO,, pero posiblemente antes.

Iraqi Dinar Revaluation News 2023 / Iraqi Dinar News Today / Iqd Usd Val...

A Concerned Parliamentarian Is Surprised That The “Oil And Gas” Law Has Not Been Approved Yet.. What Does He Need?, 29 SEPT

 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, 29 SEPT

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.

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 29 SEPT

 Frank26 (KTFA)

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.