Central Bank of Iraq - Exchange Rate - Stability - An International Welc...BY MILITIAMAN

JUDY NOTES, 24 DEC

 JUDY

On Fri. night 8 Dec. the GCR started to roll out when the Admiral in Reno gave the Green Light; Zurich went liquid on Sun. 10 Dec and Whales were being paid; the IMF released the GCR funds to all countries a week later on Sun. 17 Dec;

 the Iraqi Dinar was on the back screens of the Forex and was tradable; as of this week US banks had live rates on their bank screens; Sources say Tier4b has a 98% chance of beginning to exchange before Christmas.

A parliamentarian sets a new date for the ministerial reshuffle, 24 DEC

 A parliamentarian sets a new date for the ministerial reshuffle, 24 DEC

A parliamentarian sets a new date for the ministerial reshuffleInformation/Baghdad..

Today, Saturday, Deputy Chairman of the Planning and Government Program Monitoring Committee, Muhammad Karim Al-Baldawi, revealed a date for the ministerial reshuffle in the government of Muhammad Shiaa Al-Sudani.

Al-Baldawi said in a statement to Al-Maalouma, “The decision to postpone the ministerial change that was prepared by a ministerial committee until after the provincial council elections will be activated until after the formation of governments,” stressing that it is “very possible.”

He added, “The most important step for the Sudanese government is to form local governments and appoint governors and their deputies because he represents the strong wing of the federal government.”

She pointed out that “if the federal governments succeed in implementing government projects, it will reflect positively on government performance. Therefore, Prime Minister Muhammad Shia Al-Sudani will initiate a ministerial change after the completion of the formation of local governments.”

It is noteworthy that the Ministerial Evaluation Committee, which was formed by the Council of Ministers to evaluate the ministries, presented its results to the Prime Minister, but the government postponed announcing the change so that it would not be considered political targeting before local elections were held, or be exploited by some parties for defamation or political projection.

almaalomah.me

"RV UPDATE" BY MARKZ,24 DEC

 MarkZ  

 [via PDK]  Comment:  Exchanges should not be taxed…but, be prepared.  MarkZ:  That’s the way I look at it...memo from the US State Dept. directly about Iraq...The last sentence says “There are no taxes or subsidies on purchases or sales of foreign exchange.” [NOTE: Always consult with your tax professional at the appropriate time to determine the right tax for your unique circumstances.]

 Pretty quiet from Iraq so far today. One of my sources believe the local elections had some effect on our timing and are finishing the ballot counting before they release rates. If hes accurate…the counting should be finished in the next day or so, Possibly as early as today.  I have one source in Iraq who believes they will release the rate in Iraq as soon as they finish seating  these new electees. Possibly in a day or so or as early as today.

 So far this morning - very quiet…no real changes since last night. There is nothing negative…Just no news saying anyone is spending any money yet this morning. Maybe we will get more news throughout the day today.

The IQD is an Exotic Currency Here's What You Want to Know BY SANDY INGRAM

"RV UPDATE" BY WHITE HATS", 24 DEC

 

“THE WHITE HATS ANNOUNCED 8 HOURS AGO THAT A VERY IMPORTANT EVENT WILL TAKE PLACE BEFORE THE BEGINNING OF THE NEW YEAR ON DECEMBER 31, 2023… BUCKLE UP YOUR SEAT BELTS…”

Central Banks And The Global Debt Catastrophe For Governments, Businesses, And Ordinary People, 24 DEC

Central Banks And The Global Debt Catastrophe For Governments, Businesses, And Ordinary People

December 21, 2023

Here is a trip down the rabbit hole of central banks and the global debt catastrophe for governments, businesses, and ordinary people.

December 21 (King World News) – Alasdair Macleod: Surely, it is now apparent that central banks are guilty of mismanaging the economy. By slashing interest rates to zero and in some cases to an unnatural minus figure, then flooding financial systems with currency-equivalent credit conjured out of nothing followed by rapidly increasing interest rates in an attempt to stem the consequences, central banks have bankrupted themselves and much of their entire economies. 

Even though hapless economists and money managers are still in thrall to them, central banks have proved themselves to be unfit for purpose. It is time for a new system based on true economic demand for credit without state interference.

The ineptitude of the monetary planners is now sharply focused by events in Argentina, whose new president has vowed to close the central bank and introduce a currency board for the peso backed by the US dollar. Far from being a maverick politician, President Milei is being well advised. Currency boards work, imposing an automatic discipline on government spending.

This opens up the debate between free banking without central banks under gold standards, and the fiat currency system which gives central banks the power of debasement. Commercial banking without central banks is the historical norm, and the evils of statist currency management is a more recent development.

Those who argue that central banks represent progress from free banking are clearly in the wrong.

Read Full Article:
https://kingworldnews.com/central-banks-and-the-global-debt-catastrophe-for-governments-businesses-and-ordinary-people/