Financial Opportunities in Iraq and Zimbabwe Exchange Rates IQD VND Zim ...BY SANDY INGRAM

Central Bank: US Treasury restrictions are still imposed on Iraqi banks, 28 NOV

 Central Bank: US Treasury restrictions are still imposed on Iraqi banks

Central Bank - US Treasury restrictions are still imposed on Iraqi banksInformation/Baghdad..

On Monday, member of the Board of Directors of the Central Bank, Ahmed Barihi, confirmed the continuation of restrictions imposed on Iraqi banks imposed by the US Treasury for political reasons.

Brehi said in a statement to “Al-Ma’louma” that “the measures of the Central Bank of Iraq and the Ministry of Finance have alleviated the crisis of the rise in the Iraqi dinar’s exchange rate against the dollar,” pointing out that “the US Treasury is still imposing its restrictions in order to prevent the dollar’s ​​exchange rate from falling for political reasons.”

He added, “The decline in the dollar exchange rate against the Iraqi dinar is still linked to the easing of restrictions imposed by the US Treasury on Iraqi banks, despite Iraq’s commitment to the conditions of the US Treasury Department.”

Member of the Board of Directors of the Central Bank, Ahmed Brehi, pointed out that “easing these restrictions is linked to the decisions of the US Treasury towards certain countries, as well as Iraq.”

He pointed out that “there is no problem with the Central Bank or the Ministry of Finance regarding cash liquidity because the Central Bank can provide it on a regular basis, and whoever proposes that is ignorant of monetary policies.”

almaalomah.me

Coffee with MarkZ. 11/28/2023

"RV UPDATE" BY MARKZ, 28 NOV

 MarkZ  

 [via PDK]   Question:  What is your gut saying right now?  MarkZ:   It was screaming “by Dec 1st”  And, with the news coming out of Iraq I would not be surprised to see it this week. But NOBIDY KNOWS THE EXACT TIMING.

 The chatter in Iraq is extremely awesome right now... I am hearing today that they are educating folks and spreading lower denominations ...brand new lower denominations. 

They are more prominent in the Kurdish region now is what I heard. A number of ministers have said that the ”parallel market” will be fixed in the coming days. How are they going to fix that? A revaluation.

There is so much happening…..Its shaking out to be an interesting few days. Article:  “Iraq Financial Delegation heads to Ankara to discuss trade with Turkey”  this is more Iraq coming on the International scene. They continue to function as if they are already a member of the World Trade Organization. They are busy making regional alliances.

Settlements in dollars are prohibited, and electronic payment will raise the dinar – Sudanese advisor, 28 NOV

 Settlements in dollars are prohibited, and electronic payment will raise the dinar – Sudanese advisor, 28 nov

Settlements in dollars are prohibited and electronic payment will raise the dinar - Sudanese advisorMazhar Muhammad Saleh, advisor to the Prime Minister for Economic and Financial Affairs, said on Monday that the electronic payment system will preserve the monetary supply of the dinar and raise its value against the dollar, while noting that internal settlements in dollars are prohibited.

The cash payments system is linked to a high degree of certainty whenever payments are made by electronic or digital means, which provides an accurate liquidity indicator in the banking system and reduces the degree of ambiguity and uncertainty in banking liquidity. The payments system also provides sufficient information about the flow of the cash mass into the banking system and makes it clear The amounts of paid and accumulated amounts and a statement of their actual balances at all times during the banking working day.

In direct cash systems, bank liquidity management policies surround themselves with additional hedges of disruptive liquidity in order to anticipate liquidity risks, which disrupt banking and credit operations in particular.

As electronic payments increase as a behavior in daily dealings, the management of the cash mass and its flow in the banking system will be subject to the rule of clarity in cash management, and then bank credit will be directed towards profitable areas, which will provide efficient use of the cash mass, in addition to the fact that the percentage of cash leakages outside the banks will decrease. This means that a structural change in the behavior of cash demand among individuals and banks will lead to a decline, due to dealing with electronic payment systems that are linked to bank accounts.

The development of the payments environment and its transition from the direct cash environment or cash payment in payment and receipt operations to the use of electronic payment; In all cases, local cash payment in currencies other than the dinar will be restricted, and it will alienate the economy and distance its transactions from cash payment in foreign currency, because digital payment systems do not allow transactions in the local economy in anything other than the national currency.

In Milan, the economy will move its transaction payments to the (digital dinar) instead of the (cash dollar), whose transactions in internal settlements are completely legally rejected.

964media.com

"NOTES BY THOMAS", 28 NOV

 Mon. 27 Nov. Thomas:

• Wolverine’s contacts in South America, Asia and Europe are amazing. Not middle management, rather people at the highest level responsible for making funds available downstream for millions of people. Because of the scope of their responsibly they have to be told what was going on. The same goes for the people I speak with daily. 
• The Military Handlers are out of intelligence units. Their job is to feed specific information to large figures with weekly public calls. You know their names.
• Some like Fleming were completely scripted.
• Mt Goat had four different people who wrote under that by-line. These are the public talking heads.
• Their monetization programs depend on a Redemption Center Model. So they keep telling you this is how it works twice a week. That has been going on for years. 
• From 2005 to 2015 they were trying to work with the Cabal Rothschild/ Rockefeller worldwide banking Cartel. 
• In December of 2014 when the Cabal Banks reneged on contracts to release Revaluation funds to the people, the old Chinese families and White Hat Military executed the Nuclear option / total destruction and replacement of the World’s banking financial system. 
• Since 2019 a fully functional QFS was running side by side with the old SWIFT System ‘till a few months back when the QFS fully replaced the old system. 
• The banks lost control of the money. The dark money was gone forever. Money laundering, gone.  Arms and Drug money can’t prove legal provenance. Those funds can’t get into the system any more.
• Since 2019 groups and individuals have been advised quietly that they will be processed via the QFS PORTAL to gain access to their funds. They’ve eliminated paymasters touching anybody’s money.
• By making a direct to the Sovereign individual payout system vs sit in a bank and be processed by human hands that will get salty after a few days of seeing Joe and Mary average becoming millionaires hour after hour. The old system is not coming back.
• The QFS IS SAFE AND FAST and has replaced Babylonian banking forever.
• Most all currency holders are General Public with no Contract Rates, just International Rates. 

https://dinarchronicles.com/2023/11/28/restored-republic-via-a-gcr-update-as-of-november-28-2023/

The continuation of “insults to the dollar” will force us to undertake a mass migration. Representative of the Association of Exchange Companies. 28 NOV

 The continuation of “insults to the dollar” will force us to undertake a mass migration. Representative of the Association of Exchange Companies

The representative of the Association of Exchange Companies, Dhia Al-Taie, said that the lack of coordination between the security forces and the Central Bank, and the continued exposure of companies to “repeated insults” will lead to a mass exodus of capital from Iraq, stressing that the work of these companies is still completely halted.

 Al-Taie in an interview with journalist Adnan Al-Taie:

Exchange companies operate internally, and they number 2,100 companies. If 10% of them are abusive, that does not mean that all of them are abusive, and it cannot be said that they are the cause of the dollar crisis in Iraq.

The Fed's report was clear and did not identify exchange companies among the offending parties.

We obtain the dollar in two ways, the first is the traveler’s dollar, and there is a 100% secure platform and a webcam that monitors the process, so it cannot be tampered with. The second way is the dollar circulating in the market, which prevented us from dealing with it currently, so our work stopped completely.

More than 95% of exchange companies have real capital and their owner works directly, and these companies obtain dollars from banks as an intermediary.

We have an A-class exchange company in Amara, with a capital of 5 billion, and a share of 700 thousand dollars from the Central Bank. I obtained it with an official letter and a sequence of numbers. When the owner of the company passed control in Kut, they stopped him, arrested him, and threw him in prison despite all the official papers he possessed. Then He was released on bail after 3 days, but the amount is still withheld at the center, which means that the official and unofficial dollars are treated in the same way, so how will we work as exchange companies?

A ticket, a visa, and a passport, and you will get the travelers dollar from any exchange company in Baghdad, but despite that, there is a terrible and frightening hatred against the exchange companies.

We appeal to the need for there to be coordination between the Central Bank and the security forces so that they do not implement the bank’s instructions, as well as the activation of the team approved by the Prime Minister.

If exchange companies continue to be subjected to the same humiliation, this will lead to a mass exodus of capital.   link