Integrity announces the recovery of $180 million from America and Kuwait, 3 DEC

 Integrity announces the recovery of $180 million from America and Kuwait

12-2-2023

Integrity announces the recovery of 180 million from America and KuwaitInformation/follow up..

Today, Saturday, the head of the Integrity Commission, Haider Hanoun, announced the activation of (Where did you get this from?) and the issuance of thousands of arrest warrants.

Hanoun said, during a press conference in Najaf Al-Ashraf, attended by a correspondent for the “Al-Ma’louma” Agency, that “the achievements achieved by integrity were represented by thousands of news reports and cases in which major arrest warrants were issued,” pointing out that “the arrest warrants that were issued amounted to 3,125 warrants.”

He added, “Field teams moved and besieged the corrupt, and the principle of where did you get this took effect, and hundreds of thousands of millions were recovered, and defendants were recovered from the UAE and the Sultanate of Oman, Jordan, and Egypt, and money from Lebanon, as well as more than 150 million dollars from America, and 20 million dollars from Kuwait”.

He added: “We will achieve memorandums of understanding with China, Canada, Spain, and Saudi Arabia very soon, and we are facing the challenge of legislating the second law of the authority, which makes us stronger and will be a source of funding for the budget.”

He continued: “We have succeeded in cooperating with Interpol, and it is cooperating with us, but cooperation with countries remains the problem in extraditing wanted persons, as the matter requires agreements and protocols with those countries.”

almaalomah.me

"RV UPDATE" BY BRUCE, 3 DEC

 Bruce  

 [via WiserNow]   

Lets talk about rates...We had rates on redemption center screens on dinar and Dong that were put out... definitely that were terrific. Excellent... Notice I said on redemption center screens not banks...Because rates at the redemption center will be higher than they are in the banks  - Our contacts see rates on the bank screens - They also see rates in the redemption center screens – I can tell you know they are that much higher – as much as 4 times higher on redemption center screens than they are on the bank screens...

  Iraq is looking to put their HCL law in the Gazette along with their new international rates...And since [Friday] is a High Holy Day -  I don't know this, but I think they would probably put it in the virtual online version, if you will, the digital Gazette on Friday, and...put it in the printed version of the Gazette on Saturday.

...we really do have good contact in Iraq. And we're getting word that the ATM machines are filled with the lower denomination bills like ours...10 20 50 and 100 dinar notes -   I think those are all available in the actual ATM machines...Now they have been working...since Thanksgiving - maybe a little bit  before that - in the airport locations in Baghdad and at the border location – where ever the ATM’s are at the border...they are working now and they are in use...I do not believe they're all in use all over the country yet. But I think that is about to change...they are minting new coins for people to use...Iraqis  are going to feel a little jingle in their pockets soon...

Iraqi merchants will buy goods from Türkiye in dinars.. The Central Bank reveals the results of the Istanbul meeting, 3 DEC

Iraqi merchants will buy goods from Türkiye in dinars.. The Central Bank reveals the results of the Istanbul meeting

On Saturday, the Central Bank revealed the results of the discussions of the joint Iraqi delegation in Turkey, indicating that Iraqi merchants will buy goods from Turkey in dinars.

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A statement to the bank’s media, a copy of which was received by 964 Network, stated :

The discussions conducted by a joint Iraqi delegation (the government, the Central Bank, the Association of Iraqi Private Banks, and the banking sector represented by a number of private banks) were completed in Istanbul and returned to Baghdad yesterday morning, and the discussions culminated in the following: -.

1- Agreement to make banking arrangements between Iraqi banks and their Turkish counterparts through intermediary banks to ensure trade exchange for major merchants and importers and to make and pay remittances in the euro and Turkish lira currencies.

2- Agreement to organize trade exchange for small merchants and retailers (dinar for euro or Turkish lira) under arrangements with combined transfers according to a commercial organization that ensures the integrated cycle of the commercial process (deposit in dinars inside Iraq, payment in euros or lira in Turkey, shipping goods from Turkey to Iraq) This would facilitate the external transfer of thousands of Iraqi traders and spare them from working through non-fundamental means. This also comes in the context of regulating trade and external transfer in accordance with sound practices and standards and within the framework of the comprehensive plan pursued by the Central Bank to open multiple channels, outlets and currencies with the aim of preserving the stability of the financial system and protecting it. From risks and achieving general price stability by covering imports at the official price, which is confirmed by controlling inflation rates.

https://964media.com/265355/

Central Bank Governor Chairs First Meeting of Iraq’s National Payments Council, 3 DEC

 Central Bank Governor Chairs First Meeting of Iraq’s National Payments Council

Baghdad Economy News

The governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired on Saturday, the first meeting of the Iraqi National Payments Council after its restructuring.

“During the meeting, which was attended by officials from the Central Bank and representatives of the relevant ministries, the government and private banking sector, electronic payment service providers and other actors, the objectives of the Council and the main tasks it intends to implement to achieve national strategies to develop the infrastructure of the financial and banking sector, advance the components of the electronic payment environment and strengthen the pillars of financial inclusion in Iraq,” the Central Bank said in a statement received by “Economy News.

The Council discussed, according to the statement, “the experiences of other countries in the field of payment systems and the mechanisms necessary to implement the decisions of the Iraqi Council of Ministers Nos. 23044 and 23620 of 2023, as well as the proposals that would contribute to the implementation of these decisions with the aim of expanding the scope of work of Iraqi electronic payment systems and linking them with various institutions, ministries and bodies and encouraging the public to use them and benefit from the advantages they provide.”

It is noteworthy that the Iraqi National Payments Council aims to coordinate and achieve cooperation between regulatory and supervisory authorities, executive bodies and financial institutions.

https://economy-news.net/content.php?id=38053

🔥Iraqi Dinar🔥Legal Approval🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

Iraq to cut oil production by 223,000 bpd in March, 3 DEC

 Iraq to cut oil production by 223,000 bpd in March

ERBIL (Kurdistan 24) – The Organization of Petroleum Exporting Countries (OPEC) has officially confirmed that the total voluntary cut in crude oil production by the end of March 2024 will be 2.2 million barrels per day.

Saudi Arabia's one million barrels per day (bdp) and Russia's 500,000 bpd represent most of the reductions. Iraq will reduce production by 223,000 barrels per day, followed by the UAE with 163,000 bpd, Kuwait with 135,000 bpd, with Kazakhstan, Algeria, and Oman cutting the remainder. 

In addition to the previously announced cuts in April 2023, the voluntary reductions are based on 2024 production needs, with the ultimate goal being an increase in oil prices.

The agreement was reached after the group had to postpone its meeting for four days due to disagreements over each member's portion of the agreement. The unwillingness of African nations to lower their oil production was a barrier to the agreement.

Saudi Arabia announced in June that it would cut oil production by one million barrels per day to prop up prices, despite fears of a recession.

Prince Abdulaziz bin Salman, Saudi Arabia’s Minister of Energy, at the time told reporters the cuts would last until July, but "can be extended."

Founded in 1960 in Baghdad, it was only until the Arab-Israeli wars of the early 1970s that OPEC earned its notoriety in the West, as its member states were successful in gouging the price of the non-renewable resource. With a price of nearly $2 bpd (not adjusted for inflation) of the carbon matter in Apr. 1972, it soared to $35 just eight years later in 1980, accounting for an approximate 1,750% increase.

https://www.kurdistan24.net/en/story/33316-Iraq-to-cut-oil-production-by-223,000-bpd-in-March

Iraqi PM holds crucial discussions with US Secretary of State, 3 DEC

 Iraqi PM holds crucial discussions with US Secretary of State

Baghdad (IraqiNews.com) – Iraqi Prime Minister Mohammed Al-Sudani recently conducted an important phone chat with US Secretary of State Antony J. Blinken in a significant diplomatic interaction. The conversations focused on important concerns impacting the region, with Blinken asking the Iraqi government to follow through on its pledges to protect locations housing US personnel in the nation.

During the call, Secretary Blinken underscored the necessity of Iraq’s commitment to defending every single facility that house US personnel, emphasizing the need of the Iraqi government vigorously pursuing those guilty for assaults on American soldiers within its boundaries.

Additionally, Al-Sudani emphasized that the US bombardment incident in Jurf al-Nasr was a breach of Iraqi sovereignty and restated Iraq’s unwavering rejection of any aggression on its land.

In addition to security issues, Prime Minister Al-Sudani and Secretary Blinken discussed the Israel-Hamas conflict. Both leaders emphasized the significance of regional stability in preventing the crisis from extending further.

https://www.iraqinews.com/iraq/iraqi-pm-holds-crucial-discussions-with-us-secretary-of-state/