I...want to make it VERY, VERY clear to everyone that the IQD is NOT yet reinstated on FOREX...“NOT YET TRADING ON FOREX”. Yes, if you go to FOREX there is a benchmark rate for the IQD but it is a linked rate only, linked back to the CBI. It is a page holder
. Yes, this is still a very good thing and I don’t want to down play it either...The IQD rate is there...only in preparation for the future.
But there is not yet any trading ability to buy or sell.
Article: "NEW STATEMENT FROM OIL ON THE DRAFT OIL AND GAS LAW" Quote: “the government is committed to approving this law.”
Within the current government session, and it is also within the government curriculum.” This is of course excellent news for us...
Parliamentary Warnings About The Consequences Of The Decline In The Value Of The Iraqi Dinar
Information/Baghdad.. On Wednesday, the representative of the Kurdistan Democratic Party, Sharif Suleiman, warned of the consequences of the continuing rapid decline in the value of the Iraqi dinar against the dollar, while calling on the government to adopt a new reform package to stabilize the value of the Iraqi dinar.
Suleiman said in an interview with the Maalouma Agency, “The value of the Iraqi dinar witnessed a noticeable decline against the US dollar during the past days.”
He added, "It is the responsibility of the government and the central bank to take quick measures to preserve the value of the Iraqi dinar as it affects people's pensions and the Iraqi market."
He pointed out that "the procedures followed by the government and the Central Bank are below the required level," calling on the Central Bank to "take new steps to address the crisis of the decline in the value of the Iraqi dinar."
Independent MP Raed al-Maliki confirmed the failure of the government and the central bank to control the dollar against the Iraqi dinar. Ended / 25 h LINK
The Ministry Of Oil Confirms That The Government Is Proceeding With Approving The Oil And Gas Law
Energy Economy News _ Baghdad The Ministry of Oil confirmed, on Tuesday, that the government is proceeding with approving the oil and gas law, while indicating that its approval is subject to consensus.
The ministry’s spokesman, Asim Jihad, said in an interview with the Iraqi News Agency, followed by “Al-Iqtisad News,” that “the ministry prepared the oil and gas law and submitted it to the government, and this law was discussed by the concerned authorities and the team formed by the regional government,” stressing that “the government “I am committed to approving this law within the current government session, and it is also within the government curriculum.”
He added, "The oil and gas law aims to manage the process of oil wealth in Iraq and achieve fair distribution, and thus achieve optimal investment of national wealth and support economic and sustainable development, as well as support the Iraqi state treasury. Therefore, the government and the ministry are continuing to approve this law."
He explained, "The government has granted a wide space for dialogue regarding the oil and gas law, and the ministry and the government hope that it will be approved," adding, "All points of view are respected, and we must put the national interest above all considerations."
e pointed out, "There were several dialogues that took place between the concerned authorities, but as far as the ministry was concerned, it drafted the law and made the necessary amendments, in a way that serves the public interest. It remains for the government to submit the draft law after agreeing on it to the House of Representatives for approval."
He pointed out, "The oil and gas law needs consensus to be approved, as the ministry drafted the law and met with the concerned parties. As for the consensual or political aspect, that remains with the concerned parties." Views 34 10/31/2023 - https://economy-news.net/content.php?id=37170
Article: “Al-Shammari: No US sanctions on Iraq and negotiations with Iran to create a platform for currencies other than the dollar”
THIS IS POWERFUL MONETARY REFORM EDUCATION… IRAQ IS SANCTION FREE TO DO BUSINESS WITH EVERYONE FROM THE USA EVEN UP TO IRAN. (Al-SHAMMARI is Advisor to the Prime Minister)
[Iraq boots-on-the-ground report]
FIREFLY: TV is saying the CBI has reached the point where they are unable to defend the exchange rate saying the dollar keeps rising.
FRANK: Who’s saying the American dollar is out of control? …It’s the TV. It’s this stubborn Iranian television media owners, politicians, parliament that refuses to work with Sudani…
Hey, D.C or whoever I wouldn’t count on Sudani coming to Washington D.C. the way you think he is because you already gave him the green light…You already removed the sanctions…You shouldn’t have done all of that. You shouldn’t have done any of these things but you did…
Tues. 31 Oct. Banking Bombshell! The Real Reason Behind Those Wells Fargo Emails! Inside the Exclusive World of Redemption Centers!
Have you, or anyone you know, purchased currency from any authorized dealer in the US? If so, then brace yourself. An email from powerhouses like Wells Fargo Bank or even Chase – both top tier 1 banks for Exchange + Redemption Centers – is on its way to your inbox.
These digital missives don’t originate from the banks alone. No, the US Treasury, with its overarching influence, provides these email lists. The puzzle piece? No one can truly verify if they’re on this exclusive list. And thus, to ensure maximum reach, the Safelink website, the ultimate tool for exchange, will be spread like wildfire across major online platforms and chat forums. Subtle, isn’t it?
While estimates suggest there are 10 to 12 million individuals in the US holding foreign currency or securities, only a measly 3 to 4 million find their way to the Wells Fargo email list. The reason? Scores of people innocently bringing currencies home after vacations, dutiful military personnel from places like Iraq, charter flights operations, and many more reasons you wouldn’t suspect.
Anyone longing for higher exchange rates via the Exchange or Redemption Center will be granted a unique personalized 800 number (not to be confused with the pedestrian ‘1800‘ numbers). This number, mind you, is one-time-use only. Now, if anyone chooses to walk into a bank directly without this unique digital access, they’re effectively shooting themselves in the foot. The reason? Banks can only offer what’s known as the screen rate or the Forex rate, a measly sum compared to what one could obtain. Interestingly, for most, exchange rates in the US stand as fixed, unyielding monoliths – unless, of course, one possesses a particularly hefty amount.
Bonds? Now, they’re a different ballgame. The rates of exchange, the interest, the fees after working with banks – it’s all up for negotiation, pulling the strings behind closed doors.
Your unique rendezvous at the Redemption or Exchange Center, however, comes with strings attached. No second helpings allowed! If you think you can dance twice at the same ball, think again. Should anyone attempt a sly double-dip, the repercussions will be swift and severe. A second appointment? Reserved for a different basket of currencies scheduled half a year later.
The Redemption and Exchange Centers will be open for a brief window of 4 to 6 weeks.
Private Bank teams, with their vast networks, swoop in, ensuring anyone with redemptions over $1 million is shepherded into trust setups, private banks, and an exclusive world of perks not available to the average Joe.
There exist Redemption Centers with the sole purpose of redeeming bonds, and Exchange Centers designed for currency-only aficionados.
The safety at these centers? Top-notch. I have a hunch the military might be lurking in the shadows, ensuring iron-clad security.
