"RV UPDATE" BY MARKZ, 20 NOV

 MarkZ 

 [via PDK]  “Iraqi Prime Minister orders a reform of the Iraqi banking sector” He goes on to address exchange rates.

 “Iraqi financial expert predicts decline in dollar exchange rate.” 

He expects the dinar to continue to gain strength against the US dollar. “BRICS: Iraq to ditch US dollar for imported goods”  They are looking to start their own “free trade zone”  for selling local goods in their own currency. With a steep discount for the goods. So by using the dinar they get a better deal on these products. This is part of de-dollarization.

  In Iraq:  “Iraq joins EBRD, becoming the 74th shareholder announces foreign ministry”

  This is the European bank for Reconstructions and Development. This is a major worldwide organization and bank. They are not doing this for some third world country. Iraq applied to be a member in 2018. But, they waited until now to bring them on board.Does this tell you anything ?

 I believe it tells us we are about to see a currency change. If they are joining an international organization they are going to need an international currency. 

 The big news...is “Parliament convenes Special Session as alliance nominates three successor candidates to Al-Halibousi”

 The overwhelming agreement is that Halibousi has been a major roadblock especially on the 3 paragraphs of the HCL…

the Kurds and Baghdad. So they removed Al Halibousi who was wildly considered to be a roadblock and kept us from getting across the finish line with the HCL law. From my sources I feel very confident that he was the roadblock. It is very encouraging that he was removed and is being replaced. They continue to tell me they want this done by Dec. 1st. Let’s pray and hope this is accurate.

Iraq’s President Rashid Officially Welcomed in Azerbaijan: A Testament to International Diplomacy, 20 NOV

 Iraq’s President Rashid Officially Welcomed in Azerbaijan: A Testament to International Diplomacy

Today marked an auspicious day for international diplomacy as Iraq’s President Abdul Latif Jamal Rashid was officially welcomed in a grand ceremony hosted by the Republic of Azerbaijan. The importance of this event extends beyond the formalities; it underlines the ongoing relations and cooperation between Iraq and Azerbaijan, highlighting the crucial role international diplomacy plays in fostering bilateral ties.

Ceremony Highlights

The ceremony involved a display of diplomatic etiquette and goodwill gestures, reflecting the mutual respect between the two nations. The event kicked off with Ilham Aliyev, the President of Azerbaijan, extending a warm welcome to President Rashid. The national anthems of Iraq and Azerbaijan resonated through the air, symbolising the harmony between the two nations.

Arrival and Reception

President Rashid arrived at the Heydar Aliyev International Airport, which was adorned with the national flags of Iraq and Azerbaijan, signifying their shared respect and camaraderie. An honor guard was lined up in recognition of the Iraqi President’s stature. He was officially welcomed by Azerbaijani First Deputy Prime Minister Yagub Eyyubov, Deputy Foreign Minister Samir Sharifov, and other high-ranking officials, marking the commencement of his official visit.

Symbolism and Significance

This ceremony is more than a mere diplomatic formality; it’s a testament to the enduring relations between Iraq and Azerbaijan. The exchange of official greetings between the host country’s officials and the visiting dignitary underscores the mutual understanding and cooperation between these nations. As the global community continues to grapple with numerous challenges, such diplomatic engagements serve as a reminder of the importance of international cooperation and diplomacy.

https://bnn.network/world/iraq/iraqs-president-rashid-officially-welcomed-in-azerbaijan-a-testament-to-international-diplomacy/

Political Dynamics in Iraq: Implications of the Dismissal of Sunni Speaker, 20 NOV

 Political Dynamics in Iraq: Implications of the Dismissal of Sunni Speaker, 20 NOV

The political landscape of Iraq is experiencing a significant shift with the recent dismissal of Sunni Speaker of the Iraqi Parliament, Mohammed al-Halbousi. The Federal Supreme Court’s decision has stirred the established ethno-sectarian divisions that have been in place since the U.S. occupation in 2003. This system, although lacking a constitutional foundation, has become a norm, allocating the three sovereign positions – the presidency, the prime minister, and the parliament speaker – to the Kurds, Shiites, and Sunnis, respectively.

Fallout from al-Halbousi’s Dismissal

The Speaker of the Parliament holds a pivotal role within the Sunni community. The dismissal of al-Halbousi has sparked competition among Sunni leaders and underlined the absence of a unified Sunni leadership. This shift in dynamics could potentially transform Iraq’s political fabric, challenging the traditional ethno-sectarian divisions.

Regional Tensions Escalate

Simultaneously, regional issues are gaining momentum, with the Israeli army launching artillery strikes on southern Lebanon in response to attacks on northern Israel. This development is further complicated by the killing of three military leaders of Hamas in Gaza by Israeli forces, hinting at escalating tensions and potential conflicts in the region.

Financial Instability in Iraq

Amidst these political developments, Iraq faces economic challenges. The Central Bank of Iraq has been implementing strategic measures to address the depreciation of the Iraqi dinar against the US dollar. This collaboration with renowned institutions aims to stabilize the currency and provide economic stability in the face of political turmoil.

Historical Repercussions: The 1953 Coup in Iran

Going deeper into the region’s history, the 1953 coup in Iran continues to cast a long shadow over the geopolitical landscape, shaping dynamics and influencing international relations. The coup’s impact transcends the contemporary political scene, reminding us of the interconnectedness of past events and their lasting effects on the region.

As Iraq grapples with these complex political and economic challenges, the country’s resilience and ability to adapt will be tested. The dismissal of al-Halbousi, coupled with regional tensions and financial instability, makes for a critical juncture in Iraq’s history. The trajectory of Iraq’s future hangs in the balance, hinged on the country’s ability to navigate these tumultuous times.

https://bnn.network/politics/political-dynamics-in-iraq-implications-of-the-dismissal-of-sunni-speaker/

Iraqi Dinar News The Silent Revolution Iraq's Economic Renaissance Revea...

"CALL THE BANK EXPERIMENT RESULTS" & " SPAIN BANK STORY" BY FRANK26, 20 NOV

 Frank26  

 [Call the bank experiment results]  

Of about 300 people...half of them told me Mr. Frank, they said it's a scam. And the other half told me, Mr Frank, they told me everything and more...The experiment worked.  I didn't give you a phone number for a bank...I gave you an 800 number for Chase Financial call center...

Of nearly 300 phone calls we were able to find a pattern...the names of these operators.  We found the operators that were negative...Yet there were these other operators that were...educated or maybe students of the Iraqi dinar said, oh, yes you need to talk to our Wealth Management Department let me transfer you over there right away...The experiment was a success! 

 [Spain Bank Story]

  As you know I live in Spain.  Last Friday I went to the Bank of Spain branch in Barcelona.  It's the Central Bank of Spain

.  There are only two branches in our country...I showed the man at the counter a 50K dinar bill.  The man looked at me and told me they couldn't change that bill there...but he told me the two banks that will 100% be involved in exchanging this currency is Banco Santander and BBVA.  They are the two largest banks here in Spain.

  They know everything.  He even explained to me the process on how to do the exchange.  He spent time with me, the amount of cash that I could legally withdraw etc. etc.  He knew what bill it was and where it was from.  Here they are paying attention to what is going on, what is going to happen in a very short time.  They're not playing no games in Spain...The banks know about everything.

Parliamentary Finance Intends To Host The Central Bank Governorate And Why?, 20 NOV

 Parliamentary Finance Intends To Host The Central Bank Governorate And Why?

Time: 11/19/2023  Read: 819 times   {Local: Al-Furat News} A member of the Parliamentary Finance Committee revealed, today, Sunday, the committee’s intention to host the Governor of the Central Bank against the backdrop of depositing funds in dollars.

Ali Jabbar Mu'nis said {to Al-Furat News} that: "There must be a solution to the issue of depositing funds in dollars and delivering them to depositors in dinars and at the official rate, which exposes depositors to great losses."

He pointed out, "The difference between the parallel and official price of the dollar is not slight, and it exposes them to loss and takes away the rights of depositors," describing this matter as a "big problem."

Mu'nis added, "The file will be discussed in the Finance Committee, hosted by the Governor of the Central Bank and bank managers, for the purpose of reaching solutions and solutions."  LINK 

https://alforatnews.iq/news/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%A7%D8%B3%D8%AA%D8%B6%D8%A7%D9%81%D8%A9-%D9%85%D8%AD%D8%A7%D9%81%D8%B8%D8%A9-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%88%D8%A7%D9%84%D8%B3%D8%A8%D8%A8%D8%9F

Parliamentary Finance: Speculators Continue To Manipulate The Selling Prices Of Goods And Commodities Under The Pretext Of The Dollar, 20 NOV

 Parliamentary Finance: Speculators Continue To Manipulate The Selling Prices Of Goods And Commodities Under The Pretext Of The Dollar

Economy | 12:29 - 11/19/2023  Baghdad - Mawazine News  The Parliamentary Finance Committee confirmed, on Sunday, that price speculators continue their suspicious trade by manipulating the selling prices of goods and commodities to an exaggerated extent under the pretext of the rise in the price of the dollar.

The head of the committee, Atwan Al-Atwani, said in a statement, a copy of which was received by Mawazine News, that “despite the government’s keenness to provide all the necessary financial facilities and support to all merchants, the greedy among them and the speculators are still living off crises by maximizing their profits and inflating their coffers, at the expense of their livelihood.” the poor".

He added, "These speculators and profiteers did not give any consideration or respect to the government's commitment to provide hard currency for their commercial transactions through the official Central Bank platform, as they continue their suspicious trade by manipulating the selling prices of goods and commodities to an exaggerated extent under the pretext of the high price of the dollar, even though they import them at the official price." ".

Al-Atwani called on “the government and its regulatory agencies to tighten control over the market, to ensure price stability, and to impose the harshest penalties on weak-minded traders, so that they can serve as an example to others.”    https://www.mawazin.net/Details.aspx?jimare=238105