Results of the investigation of the bombing of the American embassy… Major General Rasoul announces the identification of the perpetrators
Friday, December 15, 2023
Results of the investigation of the bombing of the American embassy… Major General Rasoul announces the identification of the perpetrators, 15 DEC
"RV UPDATE" BY BRUCE, 15 DEC
Thurs. 14 Dec. Bruce:
The window for Tier4b (us, the Internet Group) to receive an appointment is between now and Sun. 17 Dec, but we got something that extends it to Tues. 19 Dec. On Thurs. 14 Dec. a Treasury representative said Tier4b would be notified Mon. 18 Dec. with exchanges starting on Tues. 19 Dec. There were 16,000 Bond Holders who could see their funds but didn’t yet have access to them, but would go on Sun. 17 Dec with access to them on Mon. 18 Dec. They would be pretty much done by Christmas.
Tier4b will probably go on through Christmas to the end of the month with the Redemption Centers. The Redemption Center rates will be the best available – you won’t get that in a bank. There was a two page Non Disclosure Agreement you would have to sign and the 55 page booklet of who not to give money to. If you break the Non Disclosure Agreement or give money to someone listed in the booklet your account will be seized, and you won’t get the money back.
The United Nations praises the efforts of the Iraqi government in combating corruption and money laundering, 15 DEC
The United Nations praises the efforts of the Iraqi government in combating corruption and money laundering
"RV UPDATE" BY TEXAS SNAKE, 15 DEC
Thurs. 14 Dec. Texas Snake: I have received a notice today and then had it confirmed by several entities unrelated to the original message. The word I received was the Bondholders as well as CMKX and the Indian Tribes would be notified late tomorrow Fri. 15 Dec. into Saturday 16 Dec, as to how their funds were going to be delivered. Tier4b and Bond Holders would receive our notices late .
Sun. 17 Dec. into early Mon. Tier 4b could begin scheduling appointments starting next Wed. 20 Dec.
to exchange. The 20th is an important date in country relative to the Iraqi budget. Everything in country is positive for a Wed. 20 Dec. RV.
Thursday, December 14, 2023
Central Bank achieves new step in right direction to regulate foreign trade, 15 DEC
Central Bank achieves new step in right direction to regulate foreign trade, 15 DEC
Our national economy has been suffering for two decades from a lack of clarity of methodology, fragmentation of policies and uncertainty in economic decision-making, in addition to being affected by economic, political and security variables in the countries of the world and the countries of the region.
And inside Iraq, which clearly led to the lack of stability in the monetary system and the financial system and thus to the lack of achieving the required economic stability and what increased the complexity of the matter is the weak coordination between monetary policy and the fiscal policy and thus the lack of clear policies for the real sector, especially for agriculture, industry and trade, both internal and external, and certainly the impact on the lack of control over the operations of foreign transfers of imports in US dollars, which confected the monetary market and the commercial market during the years 2021 and 2022, and the obligation of Iraq by the US Federal Reserve to pass all foreign transfers through the electronic platform according to new controls and strict control to control the arrival of the dollar to the final beneficiary.
In addition, the lack of control of the government concerned authorities over illegal trade and the lack of control over unofficial border crossings, which forced the Central Bank to assume its role specified by Law 56 of 2004 and takes as of the first quarter of 2023 a large number of procedures, mechanisms and negotiating efforts with the US Federal Reserve and banks of other countries with which Iraq has an important trade exchange, such as China, India and some discreet correspondent banks for the purpose of regulating foreign trade operations and controlling the movement of foreign transfers in accordance with sound international banking standards.
The efforts of the Central Bank last week, after a number of negotiating rounds that lasted for several months, resulted in reaching a new agreement with the US Federal Bank and in cooperation with the banks (Ste Bank), (JP Morgan) and (Singapore Development Bank) and through some Jordanian banks, which have accounts open for some Iraqi banks, to open new banks, strengthen their balances in US dollars and use new currencies, namely the euro, the Chinese yuan, Indian rupee and the UAE dirhams, with the aim of increasing the reception channels of traders and importers,
facilitating their foreign transfer procedures, shortening the time limits of foreign transfers in the electronic platform and addressing the rejections that previously occurred to some transfers of some traders.
As well as issuing instructions to allow banks to import foreign currencies that they need for the purposes of covering their daily transactions in accordance with special conditions and controls under the supervision of the Central Bank, the success of these steps requires the banks covered by the agreement with the US Federal Reserve and wishing to import foreign currencies
to provide the necessary requirements and provide all the conditions and capabilities to attract traders, importers and customers in accordance with the standards and controls that have been agreed upon. This may require some time to enter the new method of foreign transfers with direct coverage of the correspondent banks that have been agreed with for direct implementation to enhance banking balances and diversify foreign currencies.
I believe and without a doubt that the Central Bank has begun to implement its new strategy with solid steps based on an accurate diagnosis of the problems of external transfers and the stability of the exchange rate. We hope that the number of banks covered and the number of discredent international correspondent banks whose dealings receive confidence from central banks, including the US Federal Bank, will increase and that the crisis of exchange rate stability has begun to take a breakthrough.
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