INSTRUCTIONS AND STANDARDS FOR THE CIRCULATION AND EXCHANGE OF BANKNOTES AND COUNTING AND SORTING MECHANISMS BY MNT GOAT, 22 JAN

 INSTRUCTIONS AND STANDARDS FOR THE CIRCULATION AND EXCHANGE OF BANKNOTES AND COUNTING AND SORTING MECHANISMS♦ 

Instructions and standards for circulation and exchange of banknotes, and counting and sorting mechanisms. For more, click here

The manual is very long as it is 11. You can click on the link above to see the entire manual, however it is in Arabic and will need translation. I have translated some of it to get a feel for it. But it is not about the RV. It just lends clarity to the citizens as they are turning in old 3 zero banknotes.   

Date: 1/15/2024

All licensed banks provide instructions and standards for the circulation and exchange of banknotes and counting and sorting mechanisms

Kind regards…. Later, with our circular No. 2/9/20 dated 1/15/2023 regarding unifying and updating the controls and instructions for the standards for the circulation and replacement of banknotes, we attach to you the principles, standards and instructions that will be adopted in

Counting, sorting, receiving and delivering banknotes, we hope to carry out.

Please review and act accordingly, with appreciation.

Escorts

Instructions and standards for the circulation and exchange of banknotes and counting and sorting mechanisms.

Mr. Dr. Ammar Hamad Khalaf

Page 1

 Instructions and standards for circulation and exchange of banknotes and counting and sorting mechanisms

The Central Bank of Iraq, in accordance with its amended Law No. 56 of 2004, is responsible for determining the denominations of Iraqi paper and metal currencies, their standards and shapes, printing paper banknotes, and minting coins. It is responsible for destroying and replacing them and identifying defective ones, and it may refuse to replace those paper or metal currencies or They will be confiscated if the conditions described in these instructions are met and that the Iraqi banknotes are homogeneous in their various denominations, have absolute discharge power and are accepted by the Central Bank of Iraq, its branches, banks, institutions and the public.

Discriminating between their denominations by imposing a specific denomination on the public or refusing to receive a specific denomination is unlawful. It is acceptable and is considered a violation of the law. We ask all banks to adhere to the instructions and standards for trading banknotes And replace them with counting and sorting mechanisms as shown below: see the entire manual by clicking on the link above.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

AL-RAFIDAIN LAUNCHES THE PROJECT TO IMPLEMENT THE ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM LAW BY MNT GOAT, 22 JAN

AL-RAFIDAIN LAUNCHES THE PROJECT TO IMPLEMENT THE ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM LAW

Baghdad Today – Baghdad

Rafidain Bank announced on Thursday (January 18, 2024) the launch of the project to implement the Anti-Money Laundering and Combating the Financing of Terrorism Law and the Electronic Reporting System based on the requirements of the Central Bank and the Anti-Money Laundering Office and in compliance with the recommendations of the Financial Action Task Force (FATF).

The bank confirmed in a statement received by “Baghdad Today” that “the work began from today and continues until the achievement of all international and local financial requirements,” explaining that “the goal of this project is to upgrade the banking business to shift towards digital systems in financial transactions in line with the government’s steps to accelerate economic and financial reforms in the country.”

According to the statement, “the bank agreed with Capital B Solutions Ltd., which is contracted to implement the project, funded by the International Smart Card Company, the bank’s strategic partner, and the duration of the completion of the project within 6 months and Continue until achieving international goals and standards to eliminate fraud in money laundering and terrorist financing.”

“The project provides for increasing the effectiveness of the bank’s compliance system and maintaining the conduct of banking operations to be safer and to apply the highest level of compliance standards approved by the Central Bank of Iraq.”

“This system is an integrated software solution developed by the United Nations Office on Drugs and Crime (UNODC), to be used by Financial Intelligence Units ( FIU’s ) (including the Anti-Money Laundering and Combating the Financing of Terrorism Office), for the purpose of data collection, management, analysis, document management, workflow and other statistical needs.”

“This program is designed to receive, process and analyze reports submitted by financial institutions or other entities in accordance with the requirements of local anti-money laundering laws and regulations and international standards,” it is noted.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

BREAKING NEWS Oil Crisis in Red Sea Iraq Oil Delivery Delayed BY SANDY INGRAM

A scandal of high caliber. UN staff in Iraq took bribes to help businessmen, 22 JAN

 A scandal of high caliber. UN staff in Iraq took bribes to help businessmen

Baghdad Today - Follow-up

An investigation conducted by the British newspaper The Guardian revealed on Monday (January 22, 2024) that employees working for the United Nations in Iraq are demanding bribes to help businessmen win contracts in post-war reconstruction projects in the country, noting that United Nations employees Required 15% of the value of contracts.

The alleged commissions are one of a number of allegations of corruption and mismanagement revealed by The Guardian at the Stabilization Financing Facility, a $1.5 billion UNDP scheme launched in 2015 from more than 30 donors.

Interviews with more than two dozen current and former UN staff, contractors and Iraqi and Western officials suggest that the UN is nurturing the culture of bribery that has permeated Iraqi society since the overthrow of Saddam Hussein in 2003.

The Guardian found that "UNDP staff demanded bribes of up to 15 per cent of the contract value, according to three staff members and four contractors," and in return, the employee helps the contractor navigate the UNDP's complex bidding system to ensure that the vetting process passes.

The newspaper quoted one of the contractors, saying that "no one can get a contract without paying, and there is nothing in this country that you can get without paying, neither from the government nor from the United Nations Development Program," noting that " UNDP employees contacted them asking for bribes."

One UNDP staff member said the deals were made in person rather than on paper to avoid being discovered, with influential Iraqis sometimes acting as guarantors, noting that "the third party also takes a share of the bribes," adding that contractors "will choose people with connections and power."

Government officials entrusted by UNDP with supervision of construction projects are allegedly also receiving a share.

Contractors and UNDP staff who oversaw the projects explained that officials used that power to "extort" to obtain bribes from companies in exchange for signing projects completed, with two contractors tellingThe Guardianthat they were forced to make such payments.

The interviewees, many of whom spoke on the condition of anonymity for fear of retaliation, said the program had seen unwarranted expansion and extension that mostly preserved the UNDP footprint while relieving the Iraqi government of its own obligations to rebuild the country.

The newspaper also indicates that most of those interviewed described the training and workshops run by the United Nations Development Program within the framework of these initiatives as "trivial" and "lacking strategic coherence."

The Guardian was told that the sessions were attended by government officials and community members mostly to enjoy a free trip and cash in, with one former staff member saying: "UNDP just wants to burn money and show donors that they are doing workshops."

A former staff member described the UNDP Livelihood Initiative to teach displaced women to sew as "unrealistic" because Iraqis tend to buy cheap imported clothes from local markets: "They were trying to create an economy that doesn't exist." "It was like going back to the Middle Ages," they added.

UNDP said initiatives such as skills training were developed based on community needs and in full consultation with local authorities or community leaders.

Donors have appreciated the difficulty of tracking how their funding is and relying on UNDP to carry out monitoring and evaluation through an internal unit that the agency described as "fully independent", even though it is managed by UNDP.

Five interviewees familiar with the UNDP reported they did not reflect the reality on the ground.

One consultant who conducted an external audit of another UNDP program said: "A lot of these documents are mostly for PR purposes, when you actually go to these districts and sit down with the beneficiaries of these funds and actually look at the projects, it's very different from what you imagine by reading these reports."

Isolated behind concrete walls and allowed only limited field visits due to strict security protocol, embassy staff appear to lack the means to challenge the information, with a Western official noting, "Everyone only stays for two years, and when they find out, they leave " " "That's how these programs continue year after year."

Responding to the Guardian's request for comment, an advisor to the Iraqi prime minister, Mohammed Shia al-Sudani, said that if allegations of corruption at the UNDP and the involvement of government agencies were proven to be true, legal action would be taken. .

Farhad Aladdin added, "We will communicate with the highest authorities in the United Nations to discuss the details of these allegations, investigate them and refer those involved in corruption to the competent authorities." We will also review all programs to find out the truth."

"ANALYSIS OF IRAQ NEWS: MAINTAINING THE EXCHANGE RATE" BY MNT GOAT, 22 JAN

MAINTAINING THE EXCHANGE RATE… PARLIAMENTARY FINANCE DETERMINES THE VARIABLES OF THE 2024 BUDGET

Today, Wednesday, the Parliamentary Finance Committee confirmed that the exchange rates of the dollar and a barrel of oil will be maintained in the budget for the current year 2024.

Committee member, MP Hussein Moanis, said in a statement to Al-Maalouma, “The government kept calculating the price of a barrel of oil, the quantity of oil exported, and the dollar exchange rate stipulated in the tripartite budget in the current year’s 2024 Without budget change.”

He added, “The Parliamentary Finance Committee has not yet received the changes that will occur to some tables in the current year’s budget in order to study them and then submit them to a vote in the House of Representatives.”

Muanis pointed out that “the changes that will occur in the current year’s budget will be made in the schedules without any change in their items,” noting that “the change in the schedules relates to added imports as well as spending.”

The House of Representatives approved, on Monday, June 12, 2023, after long deliberations between the government and parliament members that extended for months, the financial budget law for the three years 2023, 2024, and 2025, as the budget approved more expenditures and Investments as a direct result of the increase in oil revenues, which constitute 90% of the country’s revenues. 

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Coffee with MarkZ. 01/22/2024

Note:  If any certain podcast is mainly about politics and social opinions or any political –type picture posted on Marks videos I will not do many notes. So if the notes are short or non- existent….…that may be why. 

Monday News with MarkZ 

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Can you clarify who has the authority and final say on the RV of the Iraqi Dinar? Is it the IMF, CBI, UST or who?

MZ: It is the US Treasury. But the UST is controlled by the western banking world elites ….That’s who has been stalling it. Iraq and BRICS has been doing everything to force them into a corner where they have no choice but to go. That is what we have been watching. It would have gone years ago if it wasn’t for the western banking world. Here in the US – the western banking elites representatives is the US Treasury. 

MZ: MilitiaMan did a good video yesterday…Iraq is again discussing the change in dinar value openly. This makes more than 4 articles ect… in the last week. They are expecting a major change in the valuation of their currency soon. Also still talking about pegging to a basket of middle eastern currencies in order to compete with the US dollar. 

MZ: Also in the news there seems to be big happenings in the Iraqi currency auctions. Bringing in much more dinar. They are making all the moves we expect to see just before a revaluation. They are telling us it is coming… 

MZ: If we follow all the processed they have done in the last few months- it is very clear how close we are.   . 

MZ: IMO they are doing everything right to force the US treasuries hand. Iraq told us in Dec. they would totally de-dollarize after Jan 1….

MZ: From Zimbabwe: “ Govt set to announce new measures to stabilize Zimbabwe dollar” The inflation beast has reared its ugly head again. They have been tying more of its currency to gold in the past 2 years….. Look for an announcement in the coming days….possibly this week on the Zimbabwe dollar being gold backed. That is what I was told 

MZ: I don’t know timing but can tell you that my bond folks are expecting a whole heck of a lot by the 24th which is in 2 days. Many of them are expecting to get 1% in fiat…..if this occurs we are arguably within days…. 

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

THANK YOU ALL FOR JOINING. SEE YOU TONIGHT @ 7:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

FRANK26….1-22-24….IQD…..I LIKE THINGS IN 3’s