DINAR REVALUATION

Monday, December 25, 2023

Iraqi Dinar Comments And Conversations!!!! | Questions About Taxes!?!?!?...

During the meeting with private banks, the Private Sector Department takes new measures to support projects, 26 DEC

During the meeting with private banks, the Private Sector Department takes new measures to support projects

Mawazine News – Baghdad
The Private Sector Department in the Ministry of Commerce organized, on Sunday, a “deliberative” meeting for a number of bank guarantee and project financing companies, private banks, and a number of sectoral ministries, organizations and unions of the Iraqi private sector to develop mechanisms for supporting medium, small and micro projects and the possibility of providing financial loans through banks. Civil and governmental institutions, as well as finding serious solutions to address the problems and obstacles facing the work of these projects.

The media of the Private Sector Department stated in a statement, “The meeting discussed in detail the mechanisms of support provided to small projects and overcoming the obstacle of guarantees that may be an obstacle” to granting these loans, including It preserves public money and contributes to providing possible facilities for the success of micro-projects.

According to the statement, Assistant Director General of the Private Sector Development Department, Muhammad Hanoun, pointed out, according to the statement, a number of recommendations that came out of the meeting, most notably the submission of a proposal by the Iraqi Company for Bank Guarantees to establish a guarantee fund managed by The company is funded by the Central Bank.
He added, “The recommendations also included an agreement to continue holding meetings and to form a committee of banks and sectoral bodies concerned with supporting small projects, in addition to representatives from other banks and the Central Bank, and an agreement to establish a working mechanism for how to support small projects, which will be discussed by the members of the committee and submitted to higher authorities.”
The Private Sector Development Department in the Ministry of Commerce had announced a platform (support) initiative for small and micro projects through coordination with the Central Bank of Iraq and a number of government banks, as well as holding workshops to train project owners to prepare an economic feasibility study for projects scheduled to be established in various fields of work as well. The department works to implement the national strategy for developing the private sector.

https://www.mawazin.net/Details.aspx?jimare=239580

"RV UPDATE" BY RAYREN98, 26 DEC

RayRen98

[via Babysmom] ..."EFFECTIVE 1/1/24 (BUT STARTED ALREADY) DEALERS (USA) CAN ONLY SELL YOU $1,000 WORTH OF DINAR PER 24 HOUR DAY. THAT'S NOT EVEN 1 MILLION DINAR TODAY."

RayRen98

[via Babysmom] ..."BANKERS CAN SEE RATES..."NOW" EVEN THOUGH THEY HAVE TO WAIT ON FOREX TO OPEN FOR THIS WEEK...WOOOOO HOOOOOO"

US BANKS HAVE THE RATES, SAID THEY WERE WAITING FOR FOREX TO LOAD BEFORE THEY CAN START ...THEY "THOUGHT" IT WOULD BE AT OPENING ON SUNDAY EVENING, BUT NOT YET. FEDERAL RESERVE IS SENDING ALL STAFF IN TOMORROW NIGHT TO OBSERVE THE "TRANSACTION".

.. .I DO "BELIEVE" THAT IT HAS BEGUN!! RATES DID CHANGE IN IRAQ LAST WEEK...MAYBE AGAIN OVER THE WEEKEND?

WAITING TO HEAR FROM SOME FOLKS WHO WERE EXCITED LAST NIGHT AND WERE LOOKING TO SEE SOMETHING (BEHIND THE SCENES) THROUGHOUT THE NIGHT...TIME WILL TELL

https://dinarevaluation.blogspot.com/2023/10/rv-update-by-babysmom-rayren98-17-oct.html

Fri. 15 Dec. TNT RayRen98:

The expected RV is now scheduled. Good news. This morning Iraq citizens were told in the next couple days. Sudani told ppl the rate is going to change in the next couple of days. I also go this from Tish she was watching in Iraqi tv. The RV was supposed to occur last night Thurs. 14 Dec.

Supposedly, the reason it didn’t is the U.N. filed a motion to take over the entire process. The judge denied the U.N. motion. It didn’t make any sense b/c the IMF already released it to the counties. Every country has money, reserved currency, and is waiting to go live. Our window of time is 4:30pm Eastern Fri. 15 evening until 5:00 pm Eastern Sun 17 Dec. of when this could go through. In Iraq today the Kurdistan region was told that today was the last day they can turn in three zero notes and actually get 25,000 dinar for a 25,000 note.

Sudani was telling ppl this morning in a town hall type of meeting that the rate is going to change in the next couple of days. The last day the rate changed was the 20th of December. If Iraq says today is last day, 4:30 EST is the next day Iraq time ~ a few minutes past midnight. They wanted to do it at 1:00 am eastern. This is how they want it to go down. In Iraq everyone is off Monday and Tuesday so they can go vote and the budget will be released on Tuesday. All the money.

Always said they wouldn’t do that until the rate was changed. This hopefully will be our weekend. People who had bank appointments this weekend were told that there would be no fees during the exchange. If you go to the teller window, there will be fees. There is no turning back. US has released it. IMF released to each country so when it goes, they can start exchanging. The money is in place so they can operate with it. They can’t wait. Sudani saying in a couple of days.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-rayren98-16-dec.html

Fri. 8 Dec. TNT: It was supposed to go Thurs. night 7 Dec. Everyone was waiting on the IMF to release it. After a meeting earlier today Fri. 8 Dec, contacts said it will happen by Mon. 11 Dec. Sun. 10 Dec. is Iraq’s Victory Day, so Tony thinks it might happen then.

People that have already contacted their banks are being called in to go over the procedures for the exchange, interest rates they would pay them, debit and credit cards that will be available to them, etc. Banks are acknowledging that it is happening and that they want people to choose them.

https://dinarevaluation.blogspot.com/2023/12/judy-notes-9-dec.html

Iraqi Dinar update for 12/25/23 - Is China capable of replacing USD in o...BY PIMPY

Iraq’s Integrity Commission Recovers Over Two Billion Dinar From Corruption Cases, 25 DEC

Iraq’s Integrity Commission Recovers Over Two Billion Dinar From Corruption Cases

In a significant stride against corruption, the Federal Commission of Integrity in Iraq declared the successful recovery of over two billion Iraqi dinars (equivalent to around 1.5 million US dollars) on Sunday. These funds, retrieved from corruption cases implicating former state officials, have been reintegrated into the state treasury. The amounts symbolize a fraction of the inflated assets of the accused officials, which include embezzled tax custodial funds.

Recovered Funds and the Fight Against Corruption

The Media and Communication Office of the Integrity Commission disclosed that the recovered sums are deposited into two accounts at Al-Rafidain Bank, Defense Branch. They include 1.3 billion dinars from the bloated and illicitly gained assets of the ex-Prime Minister’s technical advisor. Furthermore, the Commission reclaimed 775 million dinars, which a detained official, the prior director of the Baghdad Governor’s office, accepted as a bribe from a foreign company in return for contract referrals.

An additional 25 million dinars were recuperated from rental income linked to properties owned by the incarcerated wife of the former Director-General of the General Tax Authority. Prior to this, the Integrity Commission had launched a campaign against illegitimate wealth accumulation and corruption across different state institutions, beginning with the tax sector.

Accounting for Recovered Funds

The Commission established accounts in Iraqi dinars and US dollars at Al-Rafidain Bank to account for the restitution of recovered funds, representing the proceeds from corruption. Despite being rich in oil wealth, Iraq continues to grapple with rampant corruption within its government institutions.

Government’s Commitment to Combating Corruption

The current administration, under the leadership of Prime Minister Mohammed Shia’ al-Sudani, is prioritizing the fight against corruption and the protection of public funds. It regularly discloses the failures of previous administrations. Iraqi officials have indicated that the tax custodian case revolves around illegal cash withdrawals from the General Tax Authority totalling approximately 2.5 billion US dollars over 2021 and 2022. This figure is substantial, considering Iraq’s consistent ranking among the most corrupt nations globally.

https://bnnbreaking.com/breaking-news/crime/iraqs-integrity-commission-recovers-over-two-billion-dinar-from-corruption-cases/

"RV UPDATE" BY PETRA & SAMSON, 25 DEC

Petra

Patterns over the last couple weeks have been nothing but exciting...Their focus has been on tightening up their relationships and activities...with their new partners globally...Now they're reaching out to countries and corresponded banks...which is critical for their currency to do what it needs to do. What we're seeing very clearly is a very focused and direct effort to get them over this finish line and to get them Article VIII compliant...all of these things line up...It's basically done...Now they're ready to go.

Samson

Article: " Sudanese Advisor: Dollar prices in Iraqi markets will approach 132 thousand soon"

Article: "Plasschaert: Iraq has an excellent opportunity for rapid progress in its sustainable development" Quote: "the United Nations in Iraq, Jeanine Hennis-Plasschaert, confirmed today, Saturday, that Iraq has an excellent opportunity for rapid progress in its sustainable development...it has emerged..."