We beg for our money from them… Where is the sovereignty!! Central Bank: Washington agreed to meet Iraq’s request for cash shipments for the year 2024, 15 DEC
The Central Bank announced Thursday, the American side’s approval to meet the Central Bank of Iraq’s requests for cash shipments for the year 2024.
The bank said in a statement, “The delegation of the Central Bank of Iraq concluded its meetings with the delegation of the US Federal Reserve and the US Treasury in Dubai.”
He added, “Representatives of the US Federal Reserve and the US Treasury appreciated the efforts made by the Central Bank of Iraq during the year 2023 to achieve compliance with the Iraqi banking system.”
The bank indicated that “it was agreed and approved by the above authorities to meet the requests of the Central Bank of Iraq for cash shipments for the year 2024, and the meetings witnessed a number of understandings that aim towards building the capabilities of Iraqi banks and enhancing their compliance with international standards.”
The bank continued, “The meetings resulted in a number of agreements related to supporting the policies of the Central Bank of Iraq in its orientation to support Iraqi banks in establishing relationships with correspondent banks and the gradual transition of operations to enhance the advance balance of the accounts of these banks, and this is consistent with what the Central Bank of Iraq previously announced in its plan to reduce Gradual reliance on the electronic platform will be completed within the next year and limited to recording financial transfers for the purposes of control, auditing and analysis.
For his part, the Governor of the Central Bank of Iraq stressed that “the Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices.”
Al-Halbousi’s party is moving legally to restore him to his position, 15 DEC
Baghdad – The “Taqaddum” Party, led by former Parliament Speaker Muhammad al-Halbousi, is making political moves on Wednesday to return its leader to his previous position, in light of political divisions between the Sunni blocs and a raging conflict that hinders agreement on a name for the presidency of Parliament.
Al-Halbousi knows that his opponents are moving in all directions to remove his replacement from the “Taqaddum” party, but they faced disagreements that led them to postpone the session three times in approximately one month, which was a disappointment for them. The Presidency of the House of Representatives decided on Tuesday to postpone the session to elect a new Speaker of the House until further notice.
Party leader Muhammad Al-Alawi said, “There is a legal movement underway to restore former Parliament Speaker Muhammad Al-Halbousi to his position again in accordance with legal and constitutional procedures.”
He stated that “returning Al-Halbousi to his position is very possible, and there is a legal and political effort to do so,” stressing that “this matter is one of the most prominent reasons for postponing the Parliament session to elect a new Speaker of Parliament.” He believed that “there is great hope for Al-Halbousi’s return during the next short period.”
Al-Halbousi’s opponents are seeking to exploit the opportunity to gain the position, but the competition between the Sunni parties and the intertwining of their alliances is in his interest. Muthanna Al-Samarrai, who leads the “Al-Azm” coalition, is trying to seize the position in favor of his candidate, former Parliament Speaker Mahmoud Al-Mashhadani, from other competitors, most notably Shalan Al-Karim, Abdul Karim Abtan, and Yahya Al-Muhammadi from the “Taqaddum” party, and Salem Al-Issawi from the “Sovereignty” coalition.
The dismissed president won a new round in his political battle after the judicial body in the Electoral Commission rejected on Wednesday a lawsuit to dissolve the “Taqadum” party with which it is competing in the local elections this month. According to the Board of Commissioners, the lawsuit filed by representatives against the party did not include all the required papers and documents.
Earlier, the Judicial Cassation Body rejected the same request, and according to a letter issued by the head of the Judicial Body, the request was rejected for violating the provisions of Article 32 First of the Political Parties Law and not observing proper legal procedures in submitting a request to dissolve a political party.
The representative of the Taqaddam Party, Fahd Mishaan, confirmed on Wednesday, “We respect the decisions of the Federal Court regarding the Al-Halbousi case,” considering that the response to the “Hal” Party’s appeals was expected. Mishaan said, in television statements, “We respect the decisions of the Federal Court, but they do not mean the end of the political end,” denying “the existence of any withdrawals within the “Taqaddum” party.”
The party was able to win Anbar seats in the Iraqi parliament in the 2021 elections, winning 14 of the governorate’s share of 15 seats. This party’s influence extended to the governorates of Nineveh, Salah al-Din, and Diyala, as well as parts of the capital, Baghdad, and the number of its members in Parliament rose to 43 deputies, moving away from its closest Sunni competitor in Parliament, which has 16 seats.
The Presidency of the Iraqi Council of Representatives decided to officially terminate the membership of Council Speaker Muhammad al-Halbousi, based on the decision of the Federal Supreme Court, as of the fourteenth of November 2023.
After the controversy that arose regarding the postponement of the session to elect a Speaker of Parliament on Wednesday, the Federal Supreme Court on Thursday issued a constitutional interpretation regarding the vacancy of the position of Speaker of the House of Representatives, and stressed that holding the session for the purpose of opening the door to nominations is subject to the provisions of Article (12/Third) of the Council’s bylaws, and that this It must be held for the purpose of opening the door for nominations and selecting a president for the Council according to an absolute majority.
It also clarified that the election of the Speaker of the Council must take place by an absolute majority in that session or in the following sessions after the first session, stressing that the House of Representatives must continue to perform its duties during the legislative term and that its sessions be held under the chairmanship of one of the two Vice-Presidents until a new president is elected, and stressed that there must not be Failure to elect a new president is a justification for disrupting the work of the House of Representatives.
BANK STORY LADY: I called Chase Bank this morning...I asked would they be exchanging the Iraqi dinar this January 1, 2024. He said we haven't been given the information yet but we will probably get it around December 31, 2023 or January 1, 2024.
FRANK: I agree with him BTW.
BANK STORY LADY: He was so nice. He invited me to come in at anytime and open an account. The other [call] said not all the Chase Banks would not be handling the foreign currency. They didn't know which ones yet.
The General Company for Petroleum Products Distribution has set the first quarter of next year as the date for ending cash circulation at gas stations, while clarifying that the citizen’s share of white oil is 200 liters at the height of winter.
Manager In the year of distribution of petroleum derivatives, Hussein Talib, said in a statement, “The new fuel card for white oil was launched in Baghdad, and it contains 4 vouchers and each voucher is 100 liters, and No. (1) was launched at the beginning of this month of December, and thus the share Citizen 200 liters in the peak winter season,” stressing that “the card is valid in Baghdad and the rest of the governorates.”
Talib confirmed that “the company is continuing to automate all projects so that their work will be electronic under a unified card,” pointing out He noted that “in the year 2024, cash and paper circulation will end in the process of supplying citizens with oil derivatives of all kinds from the Oil Derivatives Distribution Company.”
Regarding the electronic payment process at fuel filling stations, Talib said: “ The Petroleum Derivatives Distribution Company was first involved in the issue of electronic payment at government filling stations in Baghdad, and it was under trial operation, and after completing the procedures to address the failures in this program, the company announced that the first quarter of the year 2024 will be the date for the departure of the cash mass and cash circulation at fuel filling stations. The processing will be based on all types of Visa cards, and not restricted to a specific card or to a specific party, as there are several gateways licensed by the Central Bank in the process of payment and electronic trading at fuel filling stations.”
He noted that “Some media outlets are trying to thwart this major government project, by circulating incorrect news about the existence of a tax or deduction, and in turn we reassure citizens that purchasing this card is free of charge, whether from the banks or through the electronic application launched by the banks to reach the home.” ;, stressing that “this includes all governorates except the Kurdistan region.”
Article "STATEMENT OF THE IRAQ ECONOMIC CONTACT GROUP OF THE G7, EUROPEAN UNION AND WORLD BANK" This is the road map they have been using to show the world their intentions.
They have every intention to see Iraq succeed and get back into the international arena and into her rightful place in the international financial system! We can see by the evidence over the last few months that support they are getting down to the wire...
Iraq is presenting that they're going international and they have been talking about it for a long period of time.
They've actually doing it for a long period of time and they're coming to fruition to where they've publicly told us they were going to start spending money and that could be as soon as around the 20th. Then you have the end of the year dinar only. They have the taxation in dinar on the same time frame. These little bits and pieces they feed us, their time frames, we put it together...and we'll see how they roll out in the coming days. It's a phenomenal process...
The dollar is going away between now and the 20th for commercial purposes. It will not be used as of the same data for taxation in the country... Will they still be able to buy dollars to travel. ..? Yes. Will they be able to use the dollar for transactions in country for commercial purposes?Answer, No. Will they be able to use any other currency other than the dinar for commercial purposes within the country as of January 1, 2024? ...the answer is no... Standby for this to get really exciting because everything we're seeing is telling me that we've never been here before...
Article: "Samsung: Iraq represents the most prominent market in the Middle East" The Iraqi markets are going to explode. Samsung is going to be there all along the way. They will not be alone be sure. Having an early start is a big deal...Iraq's private sector is going to be on fire.
Al Sudani has established a "Unique private sector development council..." ...Giving credibility to the private sector is getting ready to explode. It's going to be phenomenal.
If the Finance Minister needs to work to the end of the year to make sure that everything's sorted and ready to go and do it right and do it properly so the Iraqi citizens get what they deserve which is purchasing power.I think it's a phenomenal situation. I think everybody can clearly see...they're doing it and it's coming to fruition...